Michael Dell Biography - Profile |
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Michael
Dell Biography (Michael Saul Dell) :
Founder of Dell Computers
Famous for :
Founding Dell Computers with $1000 and
creating a net worth of $20 billion USD
before the age of 40.
Dell details
: Born - February 23, 1965
Texas, USA / Lives - United States of
America
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Biography - Information |
Michael
Dell is the founder of
the computer company Dell, Inc. He created
one of the most profitable computer companies
in the world with annual sales of up to
$50 billion American dollars. Dell has also
become one of the wealthiest people in the
world with a 4th place listing on the Forbes
rich
Americans list in 2005 with an estimated
worth of $18 billion.
Michael Saul Dell was born on the 23rd of
February, 1965 in Houston to an orthodontist
father and a mother that worked as a money
manager. Dell was interested in computers
from a very young age and was already pulling
them apart at the age of 15. He attended
the University of Texas with hopes of becoming
a doctor but abandoned studies to start
his own business at just 19 years of age.
With just one thousand dollars in his pocket
Dell started "PC's Limited" in
1984. From his university dorm room Dell
started building and selling personal computers
from stock computer parts. The idea that
set the young entrepreneur apart from others
was to sell directly to the customer, rather
than going through a third party to sell
his products.
PC's Limited allowed the customer to customize
their computer before it was custom built
to their specifications. The prices could
also be kept much lower than PC's Limited's
competition as they had no stores to maintain
or middlemen to pay commissions to. All
computers were sold direct to the customer
with the use of order forms, phone orders,
and now Internet orders.
In 1988 PC's Limited had a name change to
"Dell Computer Corporation" and
had an initial public offering (IPO) that
valued the company at roughly $80 million.
By 1992 Dell Computer Corporation was listed
on the Fortune 500 list of the five hundred
largest companies in the world, making Michael
Dell the youngest ever CEO to head a Fortune
500 company.
The company continued to grow and expand
dramatically year after year, eventually
selling more computers in the United States
of America than any other PC company (including
Compaq).
"Dell Computer Corporation" became
"Dell Inc." as they moved into
other areas of business. Dell Inc. now has
an expanding product range that includes
home entertainment systems and personal
devices.
Michael has published his partly autobiographical
book "Direct From Dell: Strategies
That Revolutionized an Industry". The
book is written in an entertaining, fast
paced style that explains how Dell turned
his $1000 company into a mega-corporation
worth more than $100 billion.
Dell stepped down from his role as CEO at
Dell Inc. in 2004 but remains the Chairman
of the Board.
Michael Dell uses some of his great wealth
for philanthropic activities and has started
the "Michael
and Susan Dell Foundation" with
his wife Susan. The organization is committed
to improving the lives of children in the
United States of America and internationally.
A letter from Susan and Michael Dell states
that the role of the foundation is to focus
on "..quality education and good
health for children. We recognize that these
issues are directly connected. If children
have the tools they need to take care of
their bodies and minds now, their potential
for success in the future is greatly increased."
The Dell family live in one of the largest
houses in Austin, Texas and has been reported
to be the 15th largest house in the world.
Michael
Dell House aerial view from Google Earth.
This Michael Dell biography may not
be reproduced online.
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