Michael Dell’s Wealth Falls Most Ever as Sales Disappoint
- His net worth slides $11.7 billion amid high AI expectations
- Dell shares plunge the most on record after posting results
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Michael Dell’s wealth tumbled the most in a single day after the computer company he founded posted results that disappointed investors.
Dell’s net worth dropped $11.7 billion to $107.1 billion on Friday as shares of Dell Technologies Inc. fell 18% in New York — the most on record. While the company reported its first quarterly revenue increase in two years, it wasn’t enough to impress investors with high expectations for its AI server business.