Most people regardless as to what part of the world they live in are probably familiar with Dell computers on some level. It can be very easy to see brand names as just names however most brands and companies have a person behind them and a story to tell. Dell computers shot to popularity during the 90’s. Their company has released all types of desktop computers, laptops, peripheral devices and gadgets onto the market.
Michael Dell is the founder of the Dell computer brand. Michael Dell is a highly successful entrepreneur. He is married with four children and he is estimated to be worth $12.3 billion. From a very young age, Michael Dell showed a propensity for business. From a simple paper route he found a way to earn $18,000 (enough money to buy him a car and a few computers at the time). This is a job that most people manage to earn a few extra spending dollars with.
Michael Dell made his first contact with a computer at the age of 15. One of the first things he is said to have done with that computer was take it apart completely and then rebuild it. And he did it, just because. His interest in computers never waned, it only grew. It is clear that a combination of business savvy and a love for computers was instrumental in the way that he developed into the owner of the most profitable PC manufacturer in the world.
While enrolled in University, Michael Dell started his first company. He ran it straight out of his college dorm room. The company was called PC’s Limited. He saw enough success with the company at that time that he felt comfortable dropping out of college, securing a loan from his grandparents and putting all of his energies into his new venture. PC’s Limited became Dell Computer Corporation and finally Dell, Inc.
There was a point in the 90’s when Gateway was one of Dell’s largest competitors. In fact, during the early 90’s, Dell suffered a setback that allowed Gateway to overtake them in the market. There was a glitch in one of their products and their laptops had a tendency to catch fire spontaneously. Sales went down considerably and the future of the company was in question. Eventually, Dell was able to overcome both the bad publicity and the problems. They reinvented themselves and put themselves back at the top of their game.
In 2004, Dell experienced major change as Michael Dell chose not to continue as CEO of Dell. He took the position of Chairman which he holds until today. He has received a mountain of accolades and recognition for his hard work, accomplishments and business acumen: Entrepreneur of the Year (Inc. Magazine), Man of the Year (PC Magazine), Top CEO in American Business (Worth Magazine), CEO of the Year (Financial World) and so many more.