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Michael Dell is now the fifth richest person in the world—his worth has nearly doubled to $262 billion in the last year alone thanks to AI

Michael Dell’s AI success has catapulted him past the wealth of fellow tech moguls like Mark Zuckerberg and Larry Ellison.

Michael Dell is now the fifth richest person in the world—his worth has nearly doubled to $262 billion in the last year alone thanks to AI

Michael Dell, the founder and CEO of Dell Technologies, has seen his wealth double to $262 billion in just one year, making him the fifth richest person in the world according to the Bloomberg Billionaires Index. His fortune surged nearly $122 billion since this time last year. Dell Technologies, which he founded at the age of 19, has become a major player in the AI industry.

The company's stock has risen by 327% since the start of the year, and its revenue has reached $47 billion. Dell's wealth is largely due to his stake in the company, which has surged in value as it has become an AI powerhouse.

Written by urgent.news from Fortune's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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