Reported 6 months ago
Michael Dell's net worth plummeted by $11.7 billion to $107.1 billion as Dell Technologies Inc. shares fell 18%, marking the largest drop in a single day. Despite the company posting its first quarterly revenue increase in two years, investors were unimpressed with the performance of its AI server business. Dell, the company's founder and CEO, ranks 13th on the Bloomberg Billionaires Index, with a significant portion of his fortune tied to Dell Technologies and Broadcom Inc. Other tech billionaires have also seen their wealth rise due to the AI-related stocks rally, with examples like Nvidia Corp.'s co-founder Jensen Huang briefly surpassing $100 billion in net worth.
Source: YAHOO