Michael Dell Really Can’t Lose: How He Transformed a Struggling PC Business into $30 Billion
It’s now clear Mr. Dell stands to make a fortune from Dell’s privatization, turnaround and inevitable return to public stock markets. So much so, here’s an update on what it meant to be the victor: While Carl Icahn made a small profit challenging Dell before ultimately ceding defeat, Michael Dell has accrued a paper fortune from the deal that is in itself greater than the net worth of his onetime foe, Icahn.
That’s the takeaway from Dell’s proposal on Monday to return his company to public stock markets after a nearly five-year absence. Having committed what Forbesestimates to be about $7.5 billion in Dell stock and personal cash to build his current holding, Michael Dell is now sitting on a stake in Dell Technologies worth about $30 billion. It means he’s made more than Icahn’s net worth in paper gains by turning around Dell