Michael Dell Net Worth: Biography, Earnings, & Spending 2023

Michael Saul Dell is an American billionaire businessman and philanthropist, best known as the founder, chairman, and CEO of Dell Technologies, one of the largest computer technology companies in the world.

In this article, we will explore Michael S. Dell's net worth, real estate investments, and assets, and provide insight into how he earned and spent his wealth.

Michael Dell Net Worth 2023

Michael Dell net worth is approximately $57.2 billion USD. It's important to note that net worth can fluctuate daily based on changes in the value of assets and investments.

Michael S. Dell: Early Life and Education

Michael Saul Dell was born in Houston, Texas, on February 23, 1965. He was raised in a Jewish family in Houston and attended Herod Elementary School in Houston's Sharpstown district.

When Dell was 15 years old, he started to work part-time as a dishwasher at a Chinese restaurant, and later on, he worked as a seller of subscriptions for the Houston Post. In 1983, he graduated from Memorial High School in Houston and then attended the University of Texas at Austin.

Michael Dell Net Worth Over The Years

According to Forbes, Michael S. Dell's net worth as of 2021 is approximately $41.6 billion. He is one of the wealthiest people in the world, and his net worth has grown significantly over the years.

Michael Dell Net Worth Growth Graph

Michael Dell Biography

Michael S. Dell: How He Built His Fortune

While he was still studying at the University of Texas at Austin, Dell started a computer business in his dorm room in 1984, which would later become Dell Technologies.

The company initially sold computer upgrades and later developed its own line of computers, which proved to be a huge success. Dell took his company public in 1988, which made him a millionaire at the age of 23.

In the following years, Dell Technologies became one of the largest computer technology companies in the world, with a market value of more than $20 billion. Dell's net worth has been estimated to be around $50 billion, making him one of the wealthiest people in the world.

Michael S. Dell: Real Estate Investments

Michael S. Dell, the founder of Dell Technologies, is not only known for his contributions to the world of technology and philanthropy but also for his notable real estate investments. With a net worth of over $50 billion, Michael Dell has made some significant investments in the real estate market, which have helped him accumulate his massive wealth.

Honolulu's "Raptor Residence"

One of Michael Dell's most significant real estate purchases is the "Raptor Residence" in Honolulu, Hawaii. The property, which is spread across 3.3 acres, includes a main residence and two guest houses, as well as a tennis court, swimming pool, and private beach access.

Michael Dell purchased the property for $48.9 million in 2014, making it one of the most expensive real estate transactions in Hawaii's history. The property is reportedly worth even more today, with some estimates putting its value at over $60 million.

New York City's One57

Michael Dell also owns a luxury penthouse in New York City's One57 building, which is one of the most exclusive and expensive buildings in the city. The building, located on 57th Street in Manhattan, has become synonymous with luxury living, with some of the world's wealthiest people owning apartments in the building.

Michael Dell purchased the penthouse for $100.47 million in 2014, making it one of the most expensive real estate transactions in New York City's history. The apartment spans over 10,000 square feet and includes six bedrooms, a private elevator, and stunning views of Central Park and the New York City skyline.

Texas Hill Country Ranch

Michael Dell's real estate portfolio also includes a massive ranch in Texas Hill Country. The property, which is spread across over 1,800 acres, includes a private lake, multiple homes, and a world-class horse training facility.

The ranch, which is reportedly worth over $100 million, serves as a retreat for Michael Dell and his family. It is also home to his private golf course, which he designed himself and is open to family and friends.

Chicago's Ritz-Carlton Residences

Another notable real estate investment by Michael Dell is his purchase of a penthouse in the Ritz-Carlton Residences in Chicago. The building, located on North Michigan Avenue, is one of the most prestigious addresses in the city, with stunning views of Lake Michigan and the Chicago skyline.

Michael Dell purchased the penthouse for $9.5 million in 2014, making it one of the most expensive real estate transactions in the city's history. The apartment spans over 6,100 square feet and includes four bedrooms, a private elevator, and access to the building's world-class amenities, including a spa, fitness center, and rooftop terrace.

Michael S. Dell: Other Assets

Apart from his real estate investments, Michael S. Dell also owns a Gulfstream V private jet, which he reportedly bought for $35 million. He also owns a $200 million yacht named "Musashi," which is one of the largest private yachts in the world.

Energy

Michael S. Dell has also invested in the energy industry through his investment firm, MSD Capital. In 2012, MSD Capital acquired a stake in the natural gas company Chesapeake Energy Corporation. The investment proved to be successful, with Chesapeake Energy Corporation's stock price increasing significantly in the following years. MSD Capital has also invested in other energy companies such as NextEra Energy and Sempra Energy.

Media

Another industry that Michael S. Dell has invested in is media. In 2016, his investment firm, MSD Capital, acquired a majority stake in the independent film distributor, A24. A24 is known for distributing critically acclaimed films such as Moonlight and Lady Bird. The investment in A24 is part of Michael S. Dell's broader strategy of investing in companies that have strong potential for growth.

Art

Michael S. Dell is also a prominent art collector and has invested in several pieces of artwork over the years. In 2016, he purchased a painting by the artist Jean-Michel Basquiat for $57.3 million at a Christie's auction. The painting, titled "Untitled," is one of Basquiat's most famous works and is known for its vibrant colors and powerful message.

Michael Dell: Philanthropy

When it comes to philanthropy, Michael Dell is a name that is synonymous with generosity and compassion. The founder of Dell Technologies, Michael Dell has made significant contributions towards various charitable causes over the years. From supporting education to healthcare, his philanthropic endeavors have positively impacted millions of lives around the world.

Education

One of Michael Dell's primary areas of focus when it comes to philanthropy is education. Through the Michael & Susan Dell Foundation, he has donated millions of dollars towards various educational initiatives around the world.

From funding educational programs in developing countries to supporting college access programs in the United States, Michael Dell's contributions towards education have had a significant impact on the lives of many.

In addition to financial contributions, Michael Dell has also been actively involved in education reform efforts. He has served on several education-related boards, including the National Board for Professional Teaching Standards, and has been a vocal advocate for education reform.

Healthcare

Another area where Michael Dell has made significant philanthropic contributions is healthcare. He and his wife Susan have donated millions of dollars towards medical research and healthcare initiatives, both in the United States and around the world.

In 2020, the Michael & Susan Dell Foundation pledged $100 million towards COVID-19 relief efforts, which included funding for medical research, equipment, and support for frontline workers. Their contributions have been instrumental in the fight against the pandemic, and have helped save countless lives.

Environmental Sustainability

In recent years, Michael Dell has also shown a keen interest in environmental sustainability. Through his family office, MSD Capital, he has invested in several sustainable energy initiatives, including wind and solar power projects.

He has also advocated for sustainable business practices, and his company, Dell Technologies, has set ambitious sustainability goals, including a commitment to using 100% renewable energy by 2030.

Through his philanthropic initiatives and personal investments, Michael Dell has shown a deep commitment to environmental sustainability, and his efforts have helped raise awareness about the importance of protecting the environment for future generations.

Conclusion

Michael S. Dell's net worth, real estate investments, and assets are a testament to his success as a businessman and entrepreneur. From starting a computer business in his dorm room to building one of the largest computer technology companies in the world.

Dell's entrepreneurial spirit and dedication to innovation have paid off in a big way. His real estate investments, private jet, and yacht are a reflection of his immense wealth, while his philanthropic activities show his commitment to giving back to society.

Read more:-

• Sergey Brin Net Worth
• Carlos Slim’s Net Worth
• Larry Page’s Net Worth
• Stefan Quandt Net Worth
• Lakshmi Mittal Net Worth

FAQs