Michael Dell Surpasses Jeff Bezos to Become Third-Wealthiest Person in the World
According to Forbes, Michael Dell has surpassed Amazon founder Jeff Bezos to become the third wealthiest person globally. As of Tuesday's close of trading, Dell’s net worth reached $267.7 billion, while Bezos' fortune fell slightly to $265.2 billion due to a decline in Amazon shares. Dell Technologies’ stock hit an all-time high at $533.88 and has surged 327% since the beginning of the year. The company's success is attributed to strong demand for artificial intelligence hardware, with its AI server business recording record orders and revenue. Dell now trails only Larry Page (Alphabet) and Elon Musk (Tesla), while surpassing other tech billionaires like Mark Zuckerberg. Dell’s rising wealth reflects broader trends in the technology sector driven by AI adoption. The company raised its full-year revenue guidance to $192 billion, citing strong performance across multiple business lines.
Tickers: $AMZN $DELL $GOOG $TSLA
Topics: AI demand Dell Technologies Jeff Bezos Michael Dell stock performance