Michael Dell1

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MICHAEL DELL-FOUNDER,CHAIRMAN AND

CEO OF

DELL COMPUTERS
http://en.wikipedia.org/wiki/File:Michael_Dell_2010.jpg


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EARLY LIFE AND EDUCATION

Michael Dell was born to a well-off, TexanJewish family, on February 23, 1965. Theson of an orthodontist and a stockbroker,Dell attended Herod Elementary School in

Houston, Texas.

In a bid to enter business early, he appliedto take a high school equivalency exam atage eight. In his early teens, he invested hisearnings from part-time jobs in stocks andprecious metals.


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At age 15, after playing with computers atRadio Shack, he got his first computer, anApple II, which he promptly disassembled to

see how it worked.Dell attended Memorial High School in

Houston, selling subscriptions to the HoustonPost in the summer. , Dell observed that

newlyweds and people moving into newhomes were most likely to buy a subscription.He targeted this demographic group bycollecting names from marriage and

mortgage applications. Dell earned $18,000that year, exceeding the annual income of hishistory and economics teacher.


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CAREERWhile a pre-med student at the University of

Texas at Austin, Dell started an informalbusiness upgrading computers.

He then applied for a vendor license to bid oncontracts for the State of Texas, winning bids

by not having the overhead of a computerstore.

In January 1984, Dell registered his companyas "PC's Limited". Operating out of a

condominium, the business sold between$50,000 and $80,000 in upgraded PCs, kits,and add-on components.


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In May, Dell incorporated the company as"Dell Computer Corporation" and relocated itto a business center in North Austin.

The venture's capitalization cost was $1,000.

In 1992 at the age of 27, Dell became theyoungest CEO to have his company ranked inFortunemagazine's list of the top 500corporations.

In 1996, Dell started selling computers overthe Web, the same year his company

launched its first servers. Dell Inc. soonreported about $1 million in sales per dayfrom dell.com.


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In the first quarter of 2001, Dell Inc. reached aworld market share of 12.8 percent, passingCompaq to become the world's largest PC maker.

In 1998, Dell founded MSD Capital L.P. toexclusively manage his and his family'sinvestments. Investment activities includepublicly-traded securities, private equity

activities, and real estate. On March 4, 2004, Dell stepped down as CEO of

Dell Inc. but stayed as chairman of the board,while Kevin B. Rollins, then president and COO,

became president and CEO. On January 31, 2007,Dell returned as CEO at the request of the board,succeeding Rollins.


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AWARDS AND RECOGNITION

AWARDS: "Entrepreneur of the Year" (at age 24) from

Inc. magazine.

"Top CEO in American Business" from Worth

magazine. "CEO of the Year" from Financial World,

Industry Week and Chief Executivemagazines.


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RECOGNITION:

Dell serves on the Foundation Board of theWorld Economic Forum, the executivecommittee of the International BusinessCouncil, the U.S. Business Council, and thegoverning board of the Indian School ofBusiness in Hyderabad, India.

He previously served as a member of the U.S.Presidents Council of Advisors on Science

and Technology.


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WRITINGS

Dell's 1999 book, Direct from Dell: StrategiesThat Revolutionized an Industry, is anaccount of his early life, his company'sfounding, growth and missteps, as well as

lessons learned. The book was written incollaboration with Catherine Friedman.


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WEALTH AND PERSONAL LIFE

WEALTH :

As of 2011, Forbes estimates Dell's net worthat $14.6 billion.

He is one of the richest people in the world,ranked 44.

Michael Dell1

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