|Round Rock, Texas, United States
|1 February 1984
|Michael S. Dell
|Number of Employees:
|United States of America and world
|Products of Company:
|computer technology company
|Net Worth in 2024:
Dell is a multinational computer tech having its history from the US. The tech franchise manufactures, trades its tech goods. Apart from these, they provide repairing services in PCs, smartphones, televisions, and other gadgets. They also provide customer care interfaces to and across the world. All in virtue of their best facility and services, they overcame other companies and became the largest firm in the tech niche.
Well, how well do you know about Dell? If not much, we have compiled all you need to know about Dell’s net worth in 2024, wiki and complete details. Well, if you’re all set, here is what we know about Dell to date.
Dell is a popular and well-known multinational computer technology corporation that sells, develops, repairs, and supports computers and related services and products. The company was launched on the 1st of February in the year 1987 by Michael Dell. The franchise is headquartered in Round Rock, Texas, US, and serves people from worldwide.
It is one of the largest technology companies around the globe, which employs around 165,000 folks in the US nation and worldwide and is also the most extensive PC product franchise around the globe. The company is widely popular for its innovation in electronic commerce and supply chain management.
Dell is a multination franchise which is formed in 1984 by Michael dell. This company sells computer peripherals, personal computers, data storage devices, servers, HDTVs, network switches, printers, cameras, and electronics built by other manufacturers. Michael Dell dropped his school to focus on his fledgling business. The franchise developed its own PC design in 1985 and was called Turbo PC and sold for almost $795.
In its first year of operation, the franchise grossed almost $73 million. Michael Dell introduced Lee Walker to the company as a CEO and president in 1986 to implement Dell’s idea for expanding the franchise. Later after serving for four years, Walker retired due to his health issues. Michael Dell hired the former president of Electronic Data Systems, christened Morton Meyerson, to develop the company from medium size to a billion-dollar enterprise.
In 1987, the franchise rebranded as Dell Computer Corporation from PC’s Limited and started expanding globally. Later, Dell planned the PCs at big-box outlets like Walmart in 1993. Afterward, Kevin Rollins tried to convince Michael Dell that this kind of deal can make them lose the wealth of a lot in the long run, and after this, in 1994 the Dell franchise left the reseller channel. Rollins decided to join the company full time, and eventually, he became the president and CEO of the franchise.
Later, the franchise started an internet sales and marketing group dedicated to serving the home market in early 1997. The company also designed a product line, especially for its users. From the year 1997 to 2004, the franchise has gained market share from its competitors and enjoyed its growth. The company started selling computers via its website in the year 1996.
In the early 21st century, Dell acquired the top rating in customer service, technical support, and PC reliability and maintained or year after year for its production growth. In 2002, the franchise developed a new product line which includes handhelds, TV, printers, and digital audio players.
In the year 2003, the franchise was rebranded as Dell Inc. to recognize the spread of the company beyond PCs and computers. Later, Michael Dell resigned as the CEO of the company while maintaining his position as a Chairman. Under Rollins, the company has acquired Alienware, which was a manufacturer of PCs (high-end), which were focused mainly on the gaming market.
In the following years, the franchise has worked hard and introduced many new digital tools for the customers and people. Enjoyed using the company’s product as they all were of high quality. The journey of the franchise was extraordinary, which was full of ups and downs, but the people who work for the company never gave up and worked hard to serve the people around the world. This franchise has some great digital tools which help people in their education and office issues.
Awards & Achievements
Dell undoubtedly has been a very prosperous and sound achievable victory. In the year 1992, Fortune magazine counted “Dell Computer Corporation” among the top 500 largest companies across the earth. With no surprise, this news release has made Michael Dell the youngest CEO to run a Fortune 500 company.
In the year 2015, Dell was recognized as the third-largest computer vendor after HP and Lenovo. Then it became the most prominent global shipping agent of computer monitors. Texas positioned it as the 6th largest firm in terms of revenue. Subsequently, it became the 2nd largest non-oil firm in Texas, Austin. The firm has established itself as a traded firm (NASDAQ: DELL) and is a component of the S&P 500 and NASDAQ-100.
Net Worth & Earnings of Dell in 2024
Dell is a famous brand with an estimated net worth of $100 Billion as of 2024. They were able to earn this by selling a wide range of items related to electronics. The goods include- server, personal computers, network switches, data storage devices, High-Definition Television, computer peripherals printers, cameras MP3 players and lots more. They are the third-largest vendor in the market.
Dell is the leading tech franchise across the world. The company is top-rated because of the establishment of its noble innovations, which have catered to electronic commerce and other related industries. They also top in supply chain management. They perform amazingly well in the direct sale model, specifically in the “configure to order” model to creation.