Michael Dell Joins $100 Billion Club as AI-Driven Shares Surge
- Computer-maker’s stock hit record high after earnings beat
- Tech founder is now the 12th-richest person in the world
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Michael Dell’s fortune crested the $100 billion mark for the first time on Friday after Dell Technologies Inc.’s fourth-quarter earnings showed a tangible boost from demand for equipment assisting artificial intelligence.
Dell’s shares jumped 32% to a record high, boosting its founder’s net worth by $13.7 billion to $104.3 billion. Dell now ranks as the 12th-richest person in the world, according to the Bloomberg Billionaires Index, just ahead of India’s Gautam Adani.