Michael was one smart little Texan. At 12, he earned his first $1000 selling stamps. In high school he made $18,000 in one year selling newspaper subscriptions. And at 15, he bought his first computer—an Apple II—not to, you know, use it, but to disassemble it and examine its inner workings.
So it wasn’t a surprise when during his freshman year at college, Michael started a company from his dorm room, souping up computers and selling them on. It was 1984 and he called it PCs Limited. Despite investing only $1000, this side-hustle made him $180,000 in its first month! Why even stay in college?
He dropped out and with $300,000 from mom and dad, he raked in an incredible $6 million in one year. It was time to build his own computer system: the Turbo PC. He changed his company’s name to Dell Computer Corporation and went public, raising $30 million in its IPO. By 1992, 27-year-old Michael was the youngest CEO of a Fortune 500 company.
Next came dell(dot)com ($1 million per day!) and offices in 34 countries. They were doing quite well… until allegations of faulty machines, a share slump and $100 million in fraud charges. Ouch.
In 2013, Dell was sold to Microsoft, Silver Lake and Michael Dell himself for $24 billion. The legendary Texan, now 53, retained the largest share and continues to run the company. Dell yeah!
FROM AN EARLY AGE
While we’ve all had childhood passions, so few of us actually pursue them. Have you ever imagined what your life would be like today if you had pursued your childhood passion?
© Story by Tarek Issa.