With a net worth of $ 50 billion, Michael Dell, chairman and CEO of Dell Technologies Inc., should definitely be the richest person in Austin, Texas, according to Bloomberg. He’s not even around.
That distinction belongs to the recent Texas transplant Elon Musk, CEO of SpaceX Inc. and Tesla Inc., whose current net worth is calculated at $ 187 billion. This is the saga of fame and fortune in the technology world.
Dell likely won’t address this unusual fact as it ran its own business with sales of $ 94 billion and nearly 160,000 employees. This included dealing with supply chain disruptions caused by a global pandemic, spinning VMware Inc. into a new ownership structure, and navigating the turbulent economic seas of the past year with remarkable success.
“We had pretty much everything at record levels – record sales, record operating income, record cash flow and we also paid off a record amount of debt,” said Dell.