WHO’S STILL WEALTHIER THAN DELL?
In addition to Bezos, Google co-founders Sergey Brin and Larry Page, as well as Tesla chief Elon Musk remain ahead of Dell. Brin’s estimated net worth fell to $274.1 billion as Page’s dropped to $297.2 billion. Musk’s wealth has skyrocketed to unprecedented highs following a historic IPO for his aerospace firm, SpaceX, which has since sent his net worth to an estimated $1.3 trillion.
Key Background
Dell’s roughly 40% stake in his company has propelled his surge in net worth. Dell Technologies’ stock has climbed well over 200% since the start of the year, when shares traded around the $127 mark. Dell has benefited from explosive AI server demand during the AI boom. The company reported 88% year-over-year revenue growth in its latest quarter, logging a 757% increase in AI server revenue from the year prior. Dell expects AI revenue to reach $60 billion this year, up from its previous estimate in February of $50 billion.
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Further Reading
Michael Dell’s Net Worth Surges Up $35 Billion From Dell’s Best Day Ever—Passing Zuckerberg As 6th Richest (Forbes)
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