And cheap money provided the ideal conditions to finance a corporate gut renovation. Dell gushed cash and sat on plenty of valuable software assets to sell. “It didn’t feel that risky to me,” he says. In many ways, he was the architect of the biggest buyout coup of all time. Dell’s personal net worth has risen to $50 billion. Because of all that leverage, Dell, Durban’s Silver Lake and co-investors have done far better, with total gains of more than $40 billion, according to Forbes’ calculations. In turn, Dell Technologies, at $75 billion, is worth more than four times what it was before it went private. “It’s doubling every seven or eight months.” “The amount of data being created in the world is just astounding,” he says. Dell now sits at the helm of the world’s largest infrastructure provider for this activity. Automobiles, telecommunications, energy grids, hospitals and logistics networks have all become digital businesses, producing ever-increasing reams of data that need to be managed and stored. Dell Founder and CEO Michael Dell poses at the Austin, Texas headquarters of the Michael & Susan Dell Foundation in July 2021.
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