Michael Dell and his wife announced a $6.25 billion donation to create investment accounts for 25 million American children, expanding on a program from Trump's tax law.
Michael and Susan Dell are donating $6.25 billion to fund investment accounts for 25 million U.S. children, aiming to give them a financial head start through 'Trump Accounts' that grow over time and can be used for various life needs when they turn 18.
President Trump claimed that prominent US investors including Rupert Murdoch, Lachlan Murdoch, Michael Dell, and Larry Ellison are involved in a potential deal to bring TikTok under US control, though details about the deal's terms, timing, and leadership remain unclear.
Michael Dell's net worth plummeted by $11.7 billion in a single day after Dell Technologies' shares fell 18% due to disappointing revenue results, despite a quarterly increase. Dell's wealth, heavily tied to the company and his stake in Broadcom, now stands at $107.1 billion.
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. Dell is set to receive over $20 billion in stock and cash when Broadcom acquires VMware later this month. Despite the size of the donation, Dell and his wife are still among the biggest philanthropists in America, having donated an estimated $2.4 billion in their lifetime.
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.