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Michael Dell Overtakes Jeff Bezos as World’s Third-Richest
Michael Dell is the founder of Dell Technologies.
His company’s stock price rose sharply on Tuesday.
When the company’s shares become more valuable, Dell’s ownership stake becomes worth more.
This increased his estimated wealth by $4.6 billion.
Forbes said his total wealth reached $267.7 billion.
As a result, Dell moved ahead of Amazon founder Jeff Bezos.
He became the third-richest person in the world for the first time.
The ranking is based on estimates that can change when stock prices move.
Michael Dell moved ahead of Jeff Bezos in global billionaire rankings.
Dell became the world’s third-richest person for the first time.
Dell Technologies shares rose 1.9% to a record $533.88 on Tuesday.
The stock rally added $4.6 billion to Dell’s wealth.
Forbes estimated Dell’s net worth at $267.7 billion.
- Who
- Michael Dell, founder of Dell Technologies, moved ahead of Amazon founder Jeff Bezos.
- What
- Dell became the world’s third-richest person for the first time.
- Where
- The development concerns global billionaire rankings.
- When
- The change followed a stock rise on Tuesday.
- Why
- Dell Technologies shares rose, increasing the value of Dell’s stake in the company.
Key facts
- New ranking
- Michael Dell became the world’s third-richest person.
- Previous position
- Dell moved ahead of Jeff Bezos.
- Estimated net worth
- $267.7 billion, according to Forbes.
- One-day wealth increase
- $4.6 billion.
- Company
- Dell Technologies.
- Share-price gain
- 1.9% on Tuesday.
- Closing share price
- A record $533.88.
Sources
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