Billionaires
Michael Dell Unloads $1.2 Billion in Second Big Dell Stock Sale
- Founder has sold off more than $2.3 billion in September
- Company’s stock has gained 55% for the year on AI interest
Michael Dell
Photographer: Matthew Busch/BloombergThis article is for subscribers only.
Dell Technologies Inc. founder and Chief Executive Officer Michael Dell on Thursday sold 10 million shares of his namesake company’s stock worth $1.22 billion, his second significant sale in September, according to regulatory filings.
Dell earlier sold 10 million shares, worth $1.17 billion, in a series of transactions from Sept. 19 to Sept. 23, according to a filing with the Securities and Exchange Commission.