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Mildly Interesting @lemmy.world

xewdee @lemmy.world

3mo ago

Michael Dell's personal net worth is $38 billion greater than the entire market cap of Dell Computer. He is worth more than the company he founded.

Dell Technologies (formerly Dell Computer) has a market cap of $87 billion.

Michael Dell currently has a net worth of $125 billion

He might be the only founder of a large company that is personally worth more than the company he originally founded.

7 comments

It looks like a big chunk of his networth is included in the spin-off company of VMWare, which was acquired by Broadcom in exchange for 22M Broadcom shares. Broadcom has seen a boom in its own stock price and now enjoys a $1T market cap.
- Repurchased and eliminated 5.6 million shares for $3,420 million
  Stock buybacks are a hell of a drug.

He's actually "worth" negative value because of his wealth hoarding
- Poor guy
  
  😱 Does he have a gofundme? Praying for him 🙏

Add him to the list.

Ahhh damn, large company. Otherwise if you found a company that goes out of business and then personally recover financially to a positive net worth you can be like Michael Dell!

7 comments