Michael Dell is the founder and chief executive of Dell, the world's third- largest computer hardware manufacturer by revenue. He was ranked the 41st richest person in the world on 2012 Forbes Billionaires list, with a net worth of US$15.9 billion as of March 2012. He currently owns about 15 percent of the Round Rock, Texas-based company. Through his New York-based investment firm, MSD Capital, Dell also controls an investment portfolio worth more than $9 billion.
Michael Dell bowed to shareholder pressure yesterday in his battle to take the computer maker he founded private, but warned that his raised offer for Dell was the "best and final proposal".
Source: www.independent.co.uk | Date: 2nd October 2013