"Dell CEO Michael Dell Donates $350 Million in Stock Prior to Lucrative Windfall"

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Source: Markets Insider
"Dell CEO Michael Dell Donates $350 Million in Stock Prior to Lucrative Windfall"
Photo: Markets Insider
TL;DR Summary

Tech billionaire Michael Dell has donated $350 million worth of Dell Technologies stock to his family foundation and other charitable funds he advises. This is his first donation of Dell shares since 2006 and his largest gift of the company's stock ever. Despite the size of the donation, Dell's estimated net worth of $64 billion and his upcoming windfall from the sale of VMWare to Broadcom for over $20 billion make him one of the biggest philanthropists in America. Dell's fortune has already increased by $16 billion this year, thanks to the surge in Dell Technologies stock.

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