Alert: Michael Dell is Still Really Rich
Even with Dell’s stock at $15, down from its 2008 high of $25/share and way off its high of $55 back in 2000, Michael Dell is really really, really, rich.
Austin’s Business Journal reports that Michael Dell is still worth $14.5B, down from $17.3B in 2008.
Now, for those of you not in the know, Michael has put significant effort into diversifying the family assets beyond Dell, Inc and is reported that approximately 2/3rds of his holdings are outside of Dell. He created MSD Capital in 1998 to make investments on his behalf and now has 10 professionals on staff. The group has invested in a wide range of activities including real estate, car dealerships, a dental practice management company, and into the restaurant industry (Stake’n'Shake and iHOP).
