Michael dell is an American businessman. He is the chairman and the CEO of Dell Company. Dell is the world's largest technology infrastructure company. Michael is also considered the richest person in the world he was ranked at 28th richest person in the world by Forbes with a net worth of 51.7 billion dollars. Michael dell was born on 24th February 1965 in Houston, Texas. Dell was born into a Jewish family. Dell's mother was a stockbroker and his father was an orthodontist. At an early age, dell is interested in the computer, technology, and business. Michael dell studied at Herod Elementary School in Houston.
Later he goes to attend Memorial High School. In a bid to enter business early he applied to take a high school equivalency exam at age eight. Dell buy his first calculator at the age of seven and he encountered the teletype in his junior school.
At the age of 12 dell start working in one Chinese restaurant. His work was to wash dishes. After some time he harnessed his ability to sift through data to find customers for his newspaper subscription for Houston post in summer. Through this dell earned 81000 dollars in one year. He purchased his first computer at the age of 15.
Then he separates the parts of his computer to see how this computer work.
Dell's parents wanted dell to see as the doctor so as to please his parent. He took up pre-medical in 1983. When dell was in college he realized that there is no company that tried to sell directly to customers. He has 1000 dollars in his account and Then he start making computers and sell to those people which he knew in college. He focuses was not on making good machines but he focuses on customers support and cheap price.
In 1984 Michael dell registered the name of his company “PC Limited”. The business sold between $50,000 and $80,000 worth of PC upgrades, kits, and add-on components. In the same year, he changes his company name to “Dell”.
“Try never to be the smartest person in the room. And if you are, I suggest you invite smarter people…or find a different room.”
“If you’re happy, that’s probably the most important thing. Everyone probably has their own definition of success, for me it's happiness. Do I enjoy what I’m doing? Do I enjoy the people I’m with? Do I enjoy my life?”
At the age of 19, he dropped out of the University of Texas. The competitors of the company dell are Compaq and IBM these are the companies that sold PCs through retailers, distributors, and resellers at a high price. On the other hand, dell was the company that sell PCs directly to customers with highly customized PCs at a low price.
“Our business is about technology, yes. But it’s also about operations and customer relationships.”
Michael dell always focused on the customer’s satisfaction. A large number of customers appreciate the ability to customize a large number of PCs. Dell company also offered these companies customized portals where employees could buy one of several company-approved computers directly.
In 1986 dell company made a 12-MegaHertz 286 processor this was the fastest personal computer at that time. The price of this product is more reasonable as compared to the products of IBM. This computer gained huge success in the market. Competitors of dell like IBM and Compaq struggled with the politics of managing their various channel partners and lagged Dell in inventory management. When the competitors tried to copy the original product their channel partner fearing their business.
In 1992 his company ranked in the top 500 corporations on the fortune magazine list and at that time his age is 27. At this point, Michael dell was the CEO of the successful around the world. In 1996 the dell starts selling its computer on the web and in the same year dell company launch its first servers. Dell also launch its storage products in 1998.
In 1999 Michael dell publish a best-selling book about his success and the name of that book is “Strategies That Revolutionized the Industry”.
In the same year, dell founded MSD Capital L.P. to manage his family investments. Investment activities include publicly traded securities, private equity activities, and real estate. In 2000 dell had offices in 34 countries and the employees count more than 35000. In the mid of 2000s, much of the dell competition had faded. In 2001 the first headquarters of dell reached the market with 12.8% shares and surpassing Compaq to become the largest PC marker.
In 2004 Michael dell left the company replaced by Kevin Rollins a former bain consultant who joined the company in 1996.
Rollins held the jobs for about one and a half years. Dell returned to his company in 2007. By 2007 most companies had merged or sold some or all of their PC businesses to foreign competitors. The HP with Compaq and IBM to Lenovo and Gateway to Acer.
“Each day that you’re moving toward your dreams without compromising who you are, you’re winning.”
“We are all gifts to each other, and my own growth as a leader has shown me again and again that the most rewarding experiences come from my relationships.”
“You can’t be afraid to fail because that’s when you learn.”
On October 29, 2013, Michael dell with the help of silver lake partner, Microsoft and a consortium of leaders took dell private. The deal was reportedly worth 25 billion dollars difficulties during in its execution.
On October 12, 2015, Dell Company announced its intent to acquire the enterprise software and storage company EMC Corporation. The acquisition was finalized on September 7 in 2016.
Dell married Susan Lieberman on October 28, 1989, in Austin, Texas. Dell has four children. He has three daughters and one son.
“As you start your journey, the first thing you should do is throw away that store-bought map and begin to draw your own.”
“If you have to go through life being unhappy to conform to society around you, that’s not a very good deal.”
Other related tags for topic:
Michael Dell Success Story
Michael Dell Biography
Michael Dell Journey