Dell's Stock Rally Has Made CEO Michael Dell Richer Than Mark Zuckerberg and Jensen Huang
Key Takeaways
- Michael Dell's $233 billion makes him the world's sixth-richest person.
- He owns about 40% of Dell Technologies and has seen his wealth surge as the stock rallied recently.
Dell's recent rally has CEO Michael Dell climbing the ranks of the world's richest people—and ahead of some big names.
Shares of Dell (DELL) have added nearly a third of their value since the AI server maker posted better-than-expected earnings late last week. That has lifted Michael Dell's net worth by $37 billion to $233 billion through Wednesday's close, making him the world's sixth-richest person, according to the Bloomberg Billionaires Index.1 The gain helped him overtake Meta Platforms' (META) Mark Zuckerberg, and he currently sits above Nvidia's Jensen Huang (NVDA)—while looking up at Amazon.com's (AMZN) Jeff Bezos.
Much of Michael Dell's estimated wealth is tied to his roughly 40% stake in the tech company, so his wealth closely tracks the stock, which has more than tripled in value this year as sales of its AI servers surged. Dell has also benefitted from a high-profile show of support from the Trump administration. The CEO announced billions of dollars in donations late last year to support Trump Accounts for children.
Dell reportedly owns a sizable stake in custom AI chipmaker Broadcom (AVGO), which he acquired after VMware, which was spun off from Dell in 2021, was sold to Broadcom for $69 billion in 2023. Broadcom, which has rallied to record highs recently along with Dell, was up close to 40% year-to-date through Wednesday.
Dell last week reported quarterly adjusted earnings per share of $4.86 that more than tripled from a year earlier, on revenue that nearly doubled to a record $43.8 billion, as AI-optimized server orders rocketed 757% to $16.1 billion.
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