American billionaire Michael Dell passes Mark Zuckerberg as fifth-richest with $241 billion
Dell Technologies founder Michael Dell moved back ahead of Meta's Mark Zuckerberg as the world's fifth-richest person after a rebound in technology shares.
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Dell Technologies founder Michael Dell moved back ahead of Meta's Mark Zuckerberg as the world's fifth-richest person after a rebound in technology shares.
Dell Technologies founder Michael Dell lost more than $20 billion on Wednesday as his company's shares fell 11%, dropping him to fifth on Forbes' ranking.
Michael Dell's fortune rose $8.7 billion to $280.6 billion on Tuesday as Dell Technologies shares gained 3.9%, leaving him $4.3 billion behind Larry Page.
Michael Dell is auctioning his Boston penthouse with bidding from $6.5 million, 40% below the $10.9 million he paid for it in 2016.
Michael Dell's fortune fell $15.1 billion in a single morning as AI-linked stocks sold off worldwide. The cause was not Dell's business but a call from three AI chief executives for coordinated safety work, which investors took as a warning on future spending.
Michael Dell made $107 billion this year on AI servers. He is now spending some of it on an insurance broker, bought alongside an AI holding company, at an 88 per cent premium, and taken off the public market entirely.
Michael Dell is now the world's third-wealthiest person on Forbes' ranking, ahead of Jeff Bezos for the first time. His fortune has more than doubled in a year on demand for AI server hardware.
Michael Dell has added $107 billion to his fortune this year, a gain second only to Elon Musk's, after Dell Technologies posted record quarterly results and its shares tripled on demand for AI servers. He now ranks fifth on the Bloomberg Billionaires Index.