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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.
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.
AI stocks came back down to earth as macro bullishness faded.
Dell stock finished the week up 14.2%, according to S&P Global Market Intelligence. An IT professional in a server room. Image source: Getty Images. Tesla chooses Dell.
Image source: Getty Images. AI hardware leadership. The attraction of Dell Technologies stock as an investment is the company's diverse group of products and leading market share position across ...
In January 2023, BDT & MSD was formed from the merger of BDT & Company, a merchant bank founded by Byron Trott that provides advice and capital to family and founder-led companies, and MSD Partners, an investment firm that manages the wealth of Michael Dell and his family.