Michael Dell, The Young Boy Who Turned A $1000 Company Into A $100 Billion Empire

The name Michael Dell sounds familiar to you, right? You are probably reading this with a Dell laptop right now, and you have no idea how Michael Dell is connected to your Dell PC.

Do you have this figured out?

Yes, Michael Dell is the Founder and CEO of Dell technologies, and that includes your PC. Dell technology is one of the largest technological infrastructures in the world, and this man built it from the ground up.

The Dell Empire didn’t suddenly sprout out of nowhere; this company was built with interesting facts surrounding Michael Dell’s life. Keep reading to find out how Michael Dell was able to run up the ranks to be the 24th richest man in the world.

THE EARLY LIFE OF MICHAEL DELL

Michael Dell was born February 23, 1965 to the family of Lorraine

Charlotte, a stockbroker mum, and Alexander Dell, an orthodontist father.

He grew up in the environment of Houston where he attended Herod Elementary School, and Memorial High School, acing his academics throughout his years.

Michael Dell was a smart young boy and he fancied business at a very early age. His obsession with business made him purchase his first calculator at the age of seven, took a high school equivalency exam at the age of eight to give him the chance to beat school, and enter fully into the business world.

However, Dell’s parents insisted that he completed his studies as a normal child.

Michael Dell’s interest in business didn’t start from birth. He started learning all there is about finance from his mother who was a stockbroker.

His interest in business grew from there, fueled by his curiosity as a child. He became increasingly interested in business.

Michael just couldn’t keep still. He used his after-school hours to engage in productive ventures.

At the age of 12, Michael was already working part-time jobs. As he grew, he was able to use his business acumen to earn about $20,000 just as a high school student.

While other kids his age would have used that kind of money to make their teenage dream come true, Michael preferred using these earnings to invest in stocks and precious metals. He was one ambitious young boy

MICHAEL DELL’S FIRST ENCOUNTER WITH THE COMPUTER

When Michael was 15, he acquired an Apple II computer. This piece of technology certainly fascinated Michael, and again, his curiosity was sparked. He wanted to see how this device worked, so he took apart the computer, and at that moment, he fell in love.

You must be thinking Michael would work on the academic part of computer engineering or general business studies. However, in 1983, Michael Dell started attending the University of Texas as a pre-med student. What a twist Michael!

Apparently, he started studying medicine to please his parents. Yet this didn’t stop his passion for technology and business from playing a huge role in his life.

During his first year in the University, Michael took a sum from his savings to start a business in upgrading and customizing “off the shelf” computers, and selling them to potential customers.

He innovatively found a way to mix his knowledge of business and computers to speed up his business.

He found a loophole in the delivery system of the retailer to the customers and decided to use that to his advantage. He then obtained his vendor’s license.

Michael not only focused on manufacturing good computers but added strong customer support and much cheaper competitive pricing.

Michael Dell’s business grew at a fast rate. In his first month, he sold $180,000 worth of PCs. Michael Dell’s success was unbelievable. Little did the world know, he was just getting started.

MICHAEL DELL’S FIRST STEP TO SUCCESS: THE FOUNDATION OF DELL