Michael Dell Surpasses Larry Ellison in Global Wealth Rankings

Dell Technologies founder and chief executive Michael Dell has moved ahead of Oracle co-founder Larry Ellison on the global rich list after a strong rise in Dell Technologies shares boosted his fortune while Oracle stock continued to decline.

Michael Dell’s estimated net worth climbed 3.3% on Wednesday to approximately $234 billion as Dell Technologies stock finished the trading session up 3.7%. The gain lifted Dell into fifth place among the world’s wealthiest individuals, placing him just behind Amazon founder Jeff Bezos, whose estimated fortune stands at $248 billion.

At the same time, Larry Ellison’s wealth declined by 2.5% to an estimated $230.8 billion. Oracle shares fell 2.6% during Wednesday’s trading to close at $183.48, extending a sharp downturn that began after the stock reached a yearly high of $248.15 on June 1.

Dell Technologies has enjoyed sustained momentum since reporting stronger-than-expected earnings in late May. Investors have responded positively to the company’s performance, helping push its shares significantly higher in recent weeks.

Despite Dell’s rise, several technology billionaires remain ahead of him in the wealth rankings. In addition to Bezos, Google co-founders Sergey Brin and Larry Page continue to hold higher positions, with estimated fortunes of $274.1 billion and $297.2 billion, respectively. Tesla chief Elon Musk remains the world’s wealthiest person, with his net worth soaring to an estimated $1.3 trillion following the landmark public offering of his aerospace company, SpaceX.

A major driver of Dell’s growing fortune is his ownership stake of roughly 40% in Dell Technologies. The company’s stock has surged more than 200% since the beginning of the year, when shares traded near $127. The rally has been fueled largely by soaring demand for artificial intelligence servers during the ongoing AI expansion.

In its most recent quarterly report, Dell Technologies posted 88% year-over-year revenue growth and reported a 757% increase in AI server revenue compared with the same period a year earlier. The company has also raised its expectations for AI-related revenue, forecasting $60 billion this year, up from the $50 billion projection it issued in February.