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Michael Dell
Summary
Michael Saul Dell (born February 23, 1965) is an American billionaire business magnate and philanthropist. He is the founder, chairman, and CEO of Dell Technologies, one of the world's largest technology infrastructure companies. He is currently the 16th richest person in the world according to the Bloomberg Billionaires Index, with a net worth of 3.5 billion, giving him 12% ownership of the company. His remaining wealth of roughly 24.4 billion in the biggest management buyout since the Great Recession. Dell Inc. officially went private in October 2013. The company once again went public in December 2018.
Dell was born in 1965 in Houston to a Jewish family. His parents were Lorraine Charlotte (née Langfan), a stockbroker, and Alexander Dell, an orthodontist. Michael attended Herod Elementary School in Houston. He would go on to attend Memorial High School. In a bid to enter business early, he applied to take a high school equivalency exam at age eight. In his early teens, he invested his earnings from part-time jobs in stocks and precious metals.
Dell purchased his first calculator at age seven and encountered an early teletype terminal in junior high. At age 15, after playing with computers at Radio Shack, he got his first computer, an Apple II, which he promptly disassembled to see how it worked. Dell attended Memorial High School in Houston, selling subscriptions to the Houston Post in the summer. Dell's parents wanted him to be a doctor and in order to please them, he took up pre-med at the University of Texas in 1983. Dell continued learning to target specific populations for newspaper subscriptions rather than just making cold calls. He discovered that people who were most likely to get a subscription were newlyweds and people moving to a new home.
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