Topline
Michael Dell became the world’s sixth-richest person on Friday, surpassing Meta CEO Mark Zuckerberg as shares of Dell’s hardware firm paced their best day ever, following what some analysts called “one of the most impressive quarters we’ve seen in our time.”
Analysts called Dell’s latest earnings “one of the most impressive quarters we’ve seen in our time covering hardware.”
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Key Facts
Shares of Dell skyrocketed by 32.1% shortly after trading opened on Friday, surpassing the stock’s record intraday gain of 31.6% set in March 2024.
The stock surge added $35.8 billion to Dell’s net worth, now valued at $245.9 billion, ranking him ahead of Zuckerberg ($215.6 billion) as the world’s sixth-wealthiest person behind Oracle’s Larry Ellison ($266.4 billion), whose fortune swelled by $13.5 billion on Friday, according to Forbes’ Real-Time Billionaires list.
This is a developing story.