Michael Dell’s Wealth Skyrockets after Dell’s Return to Public Market

Michael Dell’s Wealth Skyrockets after Dell’s Return to Public Market

5 years ago
Anonymous $L9wC17otzH

https://wccftech.com/michael-dells-wealth-skyrockets-after-dells-return-to-public-market/

Michael Dell’s wealth has risen by $5 billion in the last year with much of it attached to Dell Technologies (NYSE:DELL) return to the public market.

In 2013 after years of underwhelming performance, Dell Computers decided a leveraged buyout was the best decision for the company, removing them from the public’s eye and giving Dell the ability to focus on long term strategy instead of short term returns to shareholders. The process was heavily criticized by Carl Icahn claiming that Dell’s board simply “didn’t give a damn”, and after failed litigation, Dell went private for $25 billion with Icahn claiming Michael Dell was getting it for far less than it’s value.