- Michael Dell
- Business Leader, Entrepreneur
- BIRTH DATE
- February 23, 1965 (age 51)
- University of Texas in Austin
- PLACE OF BIRTH
- Houston, Texas
- ZODIAC SIGN
It was in college that Dell found the niche that would become his boom. The PC world was still young and Dell realized that no company had tried selling directly to customers. Bypassing the middleman and the markups, Dell tapped his savings account for $1,000 and started building and selling computers for people he knew at college. His emphasis, however, wasn't just on good machines, but strong customer support and cheaper prices. Soon, he had accounts outside of school and it wasn't long before Dell dropped out and focused all his efforts on his business.
The numbers proved staggering. In 1984, Dell's first full year in business, he had $6 million in sales. By 2000, Dell was a billionaire and his company had offices in 34 countries and employee count of more than 35,000. The following year, Dell Computer surpassed Compaq Computer as the world's largest PC maker.
Overall, Dell's first 20 years proved to be one of the most successful businesses on the planet, surprising such titans as Wal-Mart and General Electric. Dell's story is so compelling that, in 1999, he published a best-selling book about his success, Direct from Dell: Strategies That Revolutionized the Industry.
Intensely private and notoriously shy, Dell has come out of his shell over the years, say those who know him, thanks to his wife Susan, a Dallas native whom he married in 1989. The couple has four children.
Together, the Dells have shown a willingness to spread their wealth. In 1999, the couple started the Michael and Susan Dell Foundation, a large private charity that has doled out millions to causes and people like the tsunami victims in southern Asia. In 2006, the foundation donated $50 million to the University of Texas.
"A bunch of guys sitting around trying to decide what we want to have done with our money after we're dead, that's not a very good idea," he once said, expaling his early entry into philanthropy. "Forget all that. We're going to do this while we're still here and get it right."
In 2004 Dell stepped down as CEO of the company, but he remained chairman of the board. He served on the Foundation Board of the World Economic Forum and the executive committee of the International Business Council. He also was on the U.S. President's Council of Advisors on Science and Technology and sat on the governing board of the Indian School of Business in Hyderabad.