The fabulous life of Michael Dell

When he was in high school, he got a job selling newspaper subscriptions. After figuring out how to target an untapped customer base, he made $18,000 in just one year.

Source: Academy of Achievement

Though he was really only interested in computers, Dell entered the University of Texas at Austin as a pre-med student in 1983. He spent his spare time upgrading PCs and selling them from his dorm room, making $180,000 in his first month of business. Though he never came back for his sophomore year of classes, he returned to his dorm for a photo opp in 1999.

Harry Cabluck / AP Images

Source: Entrepreneur

Last year, Dell tweeted out his first financial statement from his dorm PC company that he used to convince his parents he didn’t have to go back to college. He sold nearly $1 million worth of computers and, after paying salaries and expenses, made over $198,000 in gross profit.

He officially launched his company in 1984, under the name PC’s Limited. It soon became one of the fastest-growing companies in the country, raking in more than $6 million in sales in its first year of business.

Michael Dell 1984Dell

Source: Entrepreneur

He changed the company’s name to Dell Computer Corp. in 1987, and sales continued to soar. It went public in 1988, raising $30 million in its initial public offering. Dell made about $18 million off of the deal, and by 1992, the 27-year-old CEO was the youngest man to ever lead a Fortune 500 company.

Rebecca McEntee / AP Images

Source: Entrepreneur, Academy of Achievement

In 1988, he went on a blind date with Susan Lieberman, a young fashion designer from Dallas. The two had an instant connection. “Most men I dated talked about themselves a lot and tried to impress me,” Susan told Texas Monthly. “He was the nicest guy I’d ever met.” They were married in October 1989 and together they have four kids.

Source: Texas Monthly

Susan is a well-liked figure on the Austin social scene. Her fashion designs have caught some attention over the years, too. Back in 2001, she designed the inaugural ball gowns for Jenna and Barbara Bush. She operated a successful boutique in Austin and even had two labels of her own before opening a new fashion brand, Phi, in New York City, which she closed in 2009.

Getty Images

Source: Austin Business Journal, Texas Monthly, New York Magazine

Dell is famously protective of his kids, but they still managed to socialize in tech circles. At one point, his daughter Alexa dated Tinder CEO Sean Rad. She now works as a consultant to startups like Tinder’s competitor Bumble, is engaged to real estate magnate Harrison Refoua, and is known for her high fashion Instagram, with 43,000 followers.

Source: Valleywag

The kids shared this photo of their dad with the family dogs.

Source: Facebook

In 2014, he set a record by paying over $100 million for a penthouse on New York’s Billionaire’s Row. In 2017, he bought a Four Seasons penthouse in Boston, where EMC is based, for $40 million.

In 2014, Mr. Dell, 53, spent $100.47 million on a penthouse on New York’s Billionaire’s Row, setting a record for the city’s priciest home purchase, people familiar with the transaction said. Last year, he snapped up a penthouse seeking $40 million at the Four Seasons Private Residences One Dalton Street in Boston.

Dell also reportedly owns a four-story neoclassical home on the exclusive Caribbean island of Anguilla.

Source: Mother Jones

Dell loved the resort area of Hualalai so much that in 2006, though his investment company MSD Capital, he bought the whole thing— hotel, resort, everything except the private homes — an investment he shares with Walmart billionaire Rob Walton.

Four Seasons Resort, Hualalai, HawaiiFour Seasons Hotels

Source: Bloomberg

Dell started MSD Capital in 1998 to manage his family’s wealth. The firm has made investments in a number of companies, including IHOP and Applebee’s parent company, apparel company Phillips-Van Heusen, offshore oil drilling company Independence Contract Drilling, even startups, like HR software company Gusto.

AP

Source: Pitchbook, SEC filings.

MSD also invests in all sorts of other things. For instance, in 2010, the firm purchased 185,000 vintage photos, one of the most important photography archives of the 20th century, previously owned by the Magnum photo cooperative. The collection was reportedly worth $100 million and it was one of the largest photography transactions in history.

Source: Bloomberg, New York Times

Through MSD Capital, Michael Dell also owns a wide variety of real estate in Hawaii, Mexico, and California. The company invests in luxury hotels, commercial and multifamily properties, and land development, and it participates in other real-estate-development funds.

Dell has his fair share of hot wheels as well. His car collection at one point included a 2004 Porsche Boxster …

Source: MSN 

… a Porsche Carrera GT …

Source: MSN

… and a Hummer H2.

Source: MSN 

He’s owned his share of airplanes too, including a Gulfstream V. Dell reportedly upgraded to a Boeing Dreamliner 787 in 2013 too.

Source: Wall Street Journal

Since 1999, the Dell’s charitable foundation has given away nearly $1.6 billion to nonprofits and social enterprises in the US, India, and South Africa.

Source: Michael and Susan Dell Foundation

When Hurricane Harvey devastated his home town of Houston in 2017, the couple raised a $100 million fund from 33,000 donors, to pay for rebuilding projects. In its first year, it has distributed half of the money to 156 projects.

Dell is friends with other tech billionaires. Salesforce CEO Marc Benioff is a particular buddy. The two of them did a public Fitbit walking challenge in 2014 and Benioff’s team won. But Dell is so competitive (and also a fitness fanatic), that Benioff jokingly suspected that Dell put his Fitbit on his dog to help him score more steps.

Michael Dell and Marc BenioffFitbit

Source: Fitbit, Business Insider

In 2004, Dell left the helm of his PC company and moved to the chairman role. But in 2007, with Dell’s share of the PC market declining, he shook up management, took the reins as CEO, and never let go again. As the PC market continued to decline, he expanded into bigger new markets through new products and acquisitions.

REUTERS/Steve Marcus

In 2013, the legendary Texan won a long, often ugly battle to take Dell private, fighting off legendary activist investor Carl Icahn, who wanted to stop the deal, replace the board and fire Dell.

AP

Source: Business Insider

Two years after winning that battle, Dell announced plans to buy EMC for $67 billion, the largest tech acquisition ever. This is EMC CEO Joe Tucci shaking hands with Dell.

Dell

The financing of a deal this huge was complicated, and at first, skeptics thought it would fall apart in all sorts of ways, citing everything from tax complications to pushback from investors in VMware, a company EMC mostly owned.

Source: Recode, Business Insider

But Dell didn’t lose. Instead he catapulted his company into a much bigger one with the purchase of EMC. He is now the leader of the largest private company in the tech industry.

Mike Nudelman/Business Insider

Dell Technologies earned nearly $80 billion in revenue in its last fiscal year and employs about 145,000 people

Michael DellDell

Source: Dell Technologies

After 5 years as a private company, Dell is about to become public again, if Michael Dell wins this next battle with Carl Icahn. Icahn and other investors want Dell to pay more for the VMware tracking stock, which trades under the symbol “DVMT” because VMware’s regular stock trades for far more. Dell has been pressured into increasing his offer to $120 per share, up from $109 per share and major investors have now said they are on board.

REUTERS/Jana Asenbrennerova

Source: Reuters

Shareholders are scheduled to vote on the deal on Dec. 11. If history is any indication, then Dell will get his way with this investor fight, just as he has on all the fights in the past. He’s gone from a PC kingpin to one of the most powerful men in the tech world and nothing seems to stop him ever.

Justin Sullivan/Getty Images