Dell Technologies founder and CEO Michael Dell is now one of the top 5 richest people in the world. According to the Bloomberg Billionaires Index, Dell has overtaken Oracle co-founder Larry Ellison to become the world’s fifth-richest person. Dell Technologies shares continue to rise amid growing demand for AI infrastructure, while Oracle shares have retreated from recent highs, resulting in a shift in rankings. The company recently reported strong quarterly results, including a 757% year-over-year increase in AI server revenue. Dell has also raised its expectations for AI-related revenue, now targeting $60 billion this year, up from its earlier forecast of $50 billion.Michael Dell’s net worth climbed to $223 billion, according to Bloomberg’s latest rankings, putting him ahead of Larry Ellison, whose fortune is now at $219 billion. Dell’s wealth has risen by about 59% year-to-date, while Ellison’s net worth has declined by roughly 12% over the same period. Dell now ranks behind Elon Musk ($957 billion), Larry Page ($297 billion), Sergey Brin ($276 billion), and Jeff Bezos ($257 billion) on Bloomberg’s wealth list. Meanwhile, Larry Ellison has moved to the sixth position.
How Michael Dell moved ahead of Larry Ellison
Michael Dell’s rise in the rankings has been driven by recent gains in Dell Technologies’ stock price. As one of the company’s largest shareholders, Dell’s personal wealth is closely tied to the technology company’s performance. Dell’s wealth has reportedly increased by $82.8 billion so far this year, reflecting nearly 59% growth. The growth follows strong demand for AI servers and infrastructure, a segment that has become a major growth area for Dell Technologies.While Dell’s fortune has risen, Larry Ellison’s net worth has declined. Bloomberg data shows Ellison’s wealth has fallen by $28.5 billion this year, a drop of around 12%, as Oracle shares pulled back from their recent peak. The decline was sufficient to allow Michael Dell to move up in the rankings, despite both executives remaining among the wealthiest people in the technology sector.According to the latest Bloomberg Billionaires Index, Elon Musk remains the world’s richest person with a net worth of $957 billion. He is followed by Google co-founders Larry Page and Sergey Brin, whose fortunes stand at $297 billion and $276 billion, respectively. Amazon founder Jeff Bezos ranks fourth with a net worth of $257 billion.
