Success Story of Michael Saul Dell, Founder of Dell Technologies, an American based technology company
Michael Saul Dell has been a household name in the tech industry for decades. He’s the founder of Dell Technologies, one of the world’s most successful technology companies that has helped shape our digital society as we know it today.
But his story goes far beyond being just an entrepreneur and tech mogul; it’s a testament to the power of hard work and dedication.
This story will delve into the success story of Michael Saul Dell, exploring his journey from humble beginnings to becoming one of the richest people on the planet.
We will take a look at how he built his empire and what lessons we can all take away from his life experience.
Who is Michael Saul Dell
Michael Saul Dell is a famous entrepreneur in the world, an American entrepreneur and business magnate who is the founder, chairman, and CEO of Dell Technologies, one of the world’s largest technology infrastructure companies. He started Dell when he was a 19-year-old student at the University of Texas at Austin.
By 1992, his company had revenues of $8 million. Today, Dell Technologies is a Fortune 500 company with revenues exceeding $80 billion.
Dell is ranked #41 on Forbes’ list of America’s richest people and #4 on their list of the World’s Most Powerful People.
He has a net worth of $33.5 billion as of 2019. Time magazine named him one of the 100 most influential people in the world in 2006 and 2007.
In 2015, he was inducted into the National Museum of Jewish American History. Dell has been married to Susan Lynn Lieberman since 1989. They have four children together.
Michael Saul Dell’s childhood and early life
Michael Saul Dell was born on February 23, 1965, in Houston, Texas. His father, Alexander Dell, was an orthodontist, and his mother, Lorraine Charlotte (née Langfan), was a stockbroker.
He has English, German, and Jewish ancestry. Growing up in an affluent neighborhood in Houston, Michael enjoyed a privileged upbringing. He attended Herod Elementary School and Jones High School.
As a teenager, Michael Saul Dell developed an interest in computer programming and entrepreneurship. He started his first business at the age of 15, selling newspaper subscriptions door-to-door.
By the time he graduated high school, he had earned more than $18,000 from his businesses – enough to pay for his first year of college tuition at the University of Texas at Austin.
In 1984, Michael founded PC’s Limited – later renamed Dell Technologies – with $1,000 of savings from summer jobs and credit card loans.
The company began as a PC assembly and repair service for local businesses and individual customers out of Michael’s off-campus apartment.
From these humble beginnings, Dell would go on to become one of the most successful entrepreneurs of our time.
How Michael Saul Dell started his computer company
In 1984, at the age of 19, Michael Dell started his computer company with $1,000 in startup money. He started by selling personal computers out of his college dorm room at the University of Texas at Austin. He droped out of college to pursue his business full time a year later.
In 1985, he began offering Dell branded PCs built from stock components. By 1987, Dell’s sales reached $6 million.
In 1988, he introduced mail order sales and by 1989, had achieved $38 million in sales with 150 employees. By 1992, Dell became a publicly traded company with annual revenues exceeding $1 billion.
Michael Saul Dell’s success story
Dell is one of the most successful companies in the world, and its founder, Michael Saul Dell, is one of the most successful entrepreneurs of our time.
Dell was founded in 1984 by then-19-year-old Michael Dell with just $1,000 in start-up capital. Today, Dell is a $24 billion company with more than 100,000 employees worldwide. Dell’s success is a true rags-to-riches story, and an inspiration to entrepreneurs everywhere.
How did Michael Dell turn a simple idea into one of the world’s most successful companies? It all started with a unique vision and a lot of hard work.
Michael Dell saw an opportunity in the personal computer market that other companies were missing. He realized that there was a demand for PCs that were cheaper and easier to use than the ones that were on the market at the time. So he set out to build a better PC for less money.
To finance his startup, Michael Dell took out two loans totaling $1,000 from family and friends. He then started buying components and assembling PCs in his college dorm room. He sold his first PC for $795 – nearly double what it cost him to build it!
From there, things just took off. Michael Dell continued to innovate and find new ways to improve his PCs and make them even more affordable. In 1988, he introduced the “Mail-OrderPC” – a revolutionary concept at the time.
He also developed direct relationships with suppliers, allowing him to cut out the middleman and keep prices low.
By the mid-1990s, Dell had become one of the world’s most successful companies. It was listed on the NASDAQ stock exchange in 1988 and went public in 1992. Today, it is one of the world’s largest technology companies.
Michael Dell himself has enjoyed tremendous success. He was named one of Time Magazine’s “100 Most Influential People in the World” in 2009, and his net worth is estimated at over $16 billion.
Dell’s success story is a powerful example of what can be achieved through sheer determination and hard work.
It has inspired countless entrepreneurs around the world to follow their dreams and pursue their own paths to success.
What Michael Saul Dell is doing now
Dell is now focusing on becoming a top-tier, end-to-end provider of enterprise solutions and services. The company is expanding its product portfolio and capabilities to include servers, storage, networking, software, and peripherals.
In addition, Dell is investing in new customer segments such as small businesses, healthcare, and the public sector.
To support its growth strategy, Dell has made several acquisitions over the past few years. In 2012, it acquired Quest Software to bolster its software offerings.
In 2013, it acquired SonicWALL to expand its networking capabilities. And in 2015, it acquired EMC Corporation, which made Dell one of the largest providers of storage and data management solutions.
With these acquisitions, Dell now offers a comprehensive set of enterprise solutions and services that can meet the needs of any organization – from small businesses to large enterprises.
Michael Saul Dell has achieved great success with his business and is one of the most inspiring entrepreneurs.
His story shows that hard work, commitment to excellence and a vision can help anyone achieve anything they set their mind to.
He has been an incredible role model for aspiring entrepreneurs, proving that it’s possible to create something from nothing.
With dedication and passion, Michael Saul Dell was able to make his dream come true – transforming him into an admired leader in the technology industry.
|Are you an
Entrepreneur or Startup?
Do you have a Success Story to Share?
SugerMint would like to share your success story.
We cover entrepreneur Stories, Startup News, Women entrepreneur stories, and Startup stories
Read more Success stories of Indian entrepreneurs, Women Entrepreneurs & startups stories at SugerMint. Follow us on Twitter, Instagram, Facebook, LinkedIn