How Michael Dell Leveraged His Entire Fortune (& Won)
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Did you know that Michael Dell is worth more than Dell itself? That’s right, Michael Dell is currently worth $85 billion while the entire company of Dell is only worth $60 billion. This is quite an impressive feat, being able to surpass the total worth of the main thing that you’re known for. But, this was by no means an easy journey for Michael. In fact, he actually gambled his entire fortune to make it happen. With a net worth of $15 billion, Michael borrowed a total of $70 billion to take Dell private and complete the pricey acquisition of EMC. This not only allowed Michael to transform Dell into an enterprise company but also acquire an extremely valuable asset: VMware. VMware has become the king of virtualization over the past 15 years and Broadcom just acquired the company for $69 billion leading to a massive windfall for Michael. This video tells the story of how Michael Dell gambled his entire fortune and came out victorious.
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Timestamps:
0:00Gambling It All
3:10Taking Dell Private
6:47Keeping Dell Alive
10:04The Great Pivot
Thumbnail Credit:
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Resources:
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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.
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Disclaimer: This podcast is an independently created audio adaptation of content originally published by Logically Answered. This is a fan made podcast that appreciates the channel’s insightful approach to knowledge and aims to make it accessible to those who prefer listening over watching. This podcast is not affiliated with, endorsed by, or officially connected to Logically Answered in any way. All rights to the original content belong to Logically Answered. If you have any concerns, please reach out.
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