Michael Dell Overtakes Jeff Bezos As World's Third-Wealthiest Billionaire

Live updates

1. 6d ago

   Michael Dell Overtakes Jeff Bezos as World's Third-Richest

   Computer maker Michael Dell has surpassed Jeff Bezos to become the world's third-wealthiest billionaire in Forbes rankings for the first time. Dell achieved this milestone after shares of Dell Technologies surged to an all-time high, pushing his fortune to $267.7 billion on Tuesday. This wealth surge is driven by a massive artificial intelligence boom occurring on-premise, which markets initially missed. Dell Technologies has posted record artificial intelligence numbers alongside a massive backlog and a blowout fiscal year 2027 guide, reflecting intense enterprise demand for artificial intelligence infrastructure.

   Why it matters

   The surge in Dell's fortune highlights a broader market realization regarding on-premise artificial intelligence infrastructure demand rather than just cloud-based solutions. Companies like Dell and Hewlett Packard Enterprise are capturing record numbers as artificial intelligence reshapes datacenter requirements. Industry projections indicate that artificial intelligence will drive 75 percent of datacenter demand by the year 2030.

   What is confirmed

   • Michael Dell has overtaken Jeff Bezos to become the world's third-wealthiest billionaire in Forbes billionaire rankings for the first time.
   • Michael Dell's fortune rose to $267.7 billion on Tuesday.
   • Shares of Dell Technologies hit a record high.

   Still unconfirmed

   • Dell's top AI infrastructure stock can double within 3 years.

   What to watch next

   • Future movements in Forbes billionaire rankings between Michael Dell and Jeff Bezos
   • Quarterly earnings reports and backlog updates from Dell Technologies to gauge ongoing enterprise AI demand
   Sources used for this update (13)

   1. Forbes — Michael Dell Overtakes Jeff Bezos As World's Third-Wealthiest Billionaire
   2. Fortune — Dell’s latest reinvention is here — and it reveals the AI boom happening ‘on-premise.’ The markets missed it
   3. finance.yahoo.com — The Enterprise AI Fight Has a New Challenger and It Is Not Who You Would Expect
   4. The Motley Fool — Not Nvidia. Not Micron. This Is My Top AI Infrastructure Stock to Buy Right Now (Hint: It Can Double Within 3 Years)
   5. Seeking Alpha — Dell: $95B Backlog And A New Blowout FY27 Guide (NYSE:DELL)
   6. finance.yahoo.com — Dell and HPE Just Posted Record AI Numbers. Why Did Their Stocks Split?
   7. nextplatform.com — Dell Says AI Will Drive 75 Percent Of Datacenter Demand By 2030
   8. Barchart.com — Dell Stock Exploded Over 300% — Its 150% EPS Growth Could Send It Even Higher
   9. thestreet.com — Trump’s 5 words helped drive a massive 350% rally so what’s next?
   10. www.thecitizen.co.tz — Computer maker Michael Dell overtakes Jeff Bezos as world's 3rd-wealthiest billionaire
   11. americanbazaaronline.com — Michael Dell overtakes Jeff Bezos to become world’s third-richest person
   12. www.usatoday.com — This billionaire is now worth more than Jeff Bezos
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