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Michael Dell
Dell Computer Billionaire

Net Worth $16 Billion

So what's the big deal? Michael Dell in only worth 16 billion dollars. The big deal comes from that fact that Mr. Dell build his company from almost nothing to a world wide dominant force.

Biography of Michael Dell: Dell was born in 1965 in Houston, Texas, and attended the University of Texas in Austin. Dell has earned the title of "Entrepreneur of the Year" from Inc magazine, was named "Man of the Year" by PC Magazine, "Top CEO in American Business" by Worth Magazine, "CEO of the Year" by Financial World and Industry Week magazines, and was on Business Week’s list of "Top 25 Managers of the Year" from 1997-1999. In 1992, Dell became the youngest CEO to earn a spot on the Fortune 500. He also sits on the U.S. President’s Advisory Council on Science and Technology.

How the Business Started: Michael Dell went to college intending to become a doctor. Meanwhile, his hobby was working with computers. His hobby won out. Dell began selling computers out of his dorm room. And as his new venture progressed, he developed an innovative approach to conducting business: his idea was to sell computers directly to the consumer without going through retailers, and in the process design and deliver a computer based upon the customer’s own specifications. Thus, in 1984, Dell founded the Dell Computer Corporation with $1,000. In 18 years, Dell has grown into a $31.2 billion company. Today, Dell's average earnings are $40 million per day, and it is the largest online commercial computer seller in the world.

As a 19-year-old college kid started company from his University of Texas dorm room. Grew fast with low cost, low R&D, direct-sales model. Now beginning to compete in media software, printers, other gizmos. Diversifying wealth by selling stock, reinvesting through MSD Capital in other ventures, including 377-room luxury Four Seasons Resort Maui at Wailea, Hawaii. Other investments: stakes in International House of Pancakes, Dollar Thrifty Automotive Group, Tyler Technologies, Indiana restaurant chain Steak n Shake.

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