{"id":209530,"date":"2024-03-02T03:37:23","date_gmt":"2024-03-02T03:37:23","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/02\/michael-dells-net-worth-just-vaulted-past-100-billion-for-the-first-time-ever-after-his-tech-companys-shares-soared-32\/"},"modified":"2025-06-25T17:21:22","modified_gmt":"2025-06-25T17:21:22","slug":"michael-dells-net-worth-just-vaulted-past-100-billion-for-the-first-time-ever-after-his-tech-companys-shares-soared-32","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/03\/02\/michael-dells-net-worth-just-vaulted-past-100-billion-for-the-first-time-ever-after-his-tech-companys-shares-soared-32\/","title":{"rendered":"Michael Dell’s net worth just vaulted past $100 billion for the first time ever after his tech company’s shares soared 32%"},"content":{"rendered":"

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Michael Dell\u2019s fortune crested the $100 billion mark for the first time on Friday after Dell<\/a> Technologies Inc.\u2019s fourth-quarter earnings showed a tangible boost from demand for equipment assisting artificial intelligence.<\/p>\n

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Dell\u2019s shares\u00a0jumped 32% to a record high,<\/a>\u00a0boosting its founder\u2019s net worth by $13.7 billion to $104.3 billion. Dell now ranks as the 12th-richest person in the world, according to the Bloomberg Billionaires Index, just ahead of India\u2019s Gautam Adani.<\/p>\n

Roughly half of Dell\u2019s fortune comes from the Texas-based computer-maker, which he started 40 years ago when still a student at the University of Texas at Austin.\u00a0<\/p>\n

Though best known for its PC business, Dell\u2019s range of high-powered servers such as the H100 and MI300X have drawn attention for their capabilities running AI workloads. Dell, 59, is one of a handful of billionaires whose wealth has skyrocketed this year due to the blistering rally in AI-related stocks. Nvidia<\/a> Corp. founder Jensen Huang\u2019s net worth has jumped by $28.4 billion while Mark Zuckerberg\u2019s fortune is up by $52.1 billion.\u00a0<\/p>\n

Dell\u2019s wealth has also received a boost from chipmaker Broadcom<\/a> Inc. He received a stake in the business after it bought VMWare in 2021. Those shares are now worth more than $31 billion.<\/p>\n<\/div>\n

Subscribe to the Eye on AI newsletter to stay abreast of how AI is shaping the future of business. Sign up<\/a> for free.<\/div>\n<\/div>\n

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