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On Monday, Dell disclosed that founder and CEO Michael Dell sold 10 million shares at an average price of $122.40 during September, good for a whopping $1.22 billion.
Michael Saul Dell (born February 23, 1965) is an American billionaire businessman and investor. He is the founder, chairman, and CEO of Dell Technologies , one of the world's largest technology infrastructure companies.
The Dell Services, Dell Software Group, and the Dell EMC Enterprise Content Divisions were sold shortly thereafter for proceeds of $7.0 billion, which was used to repay debt. [2] In October 2017, It was reported that Dell would invest $1 billion in IoT research and development. [12] [13] [14] EMC owned around 80% of the stock of VMware. [15]
The tech company is now private, but some people think a public offering could come soon.
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In late 2013, Michael Dell and Silver Lake Partners took the company private for $25 billion. ... Dell's stock would only rise roughly 320% to $500 and lift its market cap to about $370 billion ...
Date Company Business Country Value () References June 8, 1999: NaviSite [note 3]: Internet service provider United States [38]July 21, 1999: Com2001.com Internet community software
As a result of the massive rise in the stock, Michael Dell’s personal net worth reportedly hit the $100 billion mark in early March—a notable milestone even for a man who became a billionaire ...