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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.
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 Dell Tony Avelar/AP Images for Dell Inc. Dell's surging stock has supercharged its founder's net worth, raising it from about $45 billion two years ago to $122 billion.
The tech company is now private, but some people think a public offering could come soon.
The Michael S. Dell Stock Index From January 2008 to December 2012, if you bought shares in companies when Michael S. Dell joined the board, and sold them when he left, you would have a -58.4 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
Dell stock jumped 8% in January, followed by a 14% gain in February. It kept that momentum going in March with a 21% gain, and notched a 9% gain in April. The stock is up 95% year to date.
Dell had received kickback from Intel to maintain Intel exclusivity; Dell had used the funds to prop up its sales-figures; Dell reduced the period and scope of its warranties and cut corners on manufacturing and testing in order to funnel additional funds to sales; causing the stock-price to inflate to around $40 per share
Dell Technologies (NYSE: DELL) stock is making big gains in Wednesday's trading. The company's share price was up 7.7% as of 2:15 p.m. ET and had been up as much as 10.1% earlier in the daily session.