Michael Dell recently sold $1.2 billion worth of shares in his company, reducing his ownership by 3% and raising his overall wealth to $138 billion. This leaves him just $1 billion short of Nvidia cofounder Jensen Huang. Despite the substantial sale, Dell remains ranked 11th on the Bloomberg Billionaires list. Bill Gates' charitable contributions played a role in shifting rankings, aiding Dell's rise. Both Dell and Huang have benefited from the technology sector's growth, particularly with advancements in AI, affecting their net worth positively.
Michael Dell sold $1.2 billion worth of shares in his company in June, reducing his stake by 3% and increasing his wealth significantly, yet remaining ranked 11th among billionaires.
Dell's fortune increased to $138 billion, making him just $1 billion shy of Nvidia's cofounder, Jensen Huang, who has a net worth of $139 billion.
Bill Gates' charity donations have impacted Michael Dell's ranking, as Gates fell seven spots after offloading vast amounts of wealth, benefiting Dell's position.
Both Dell and Huang have seen their fortunes grow amidst the technology industry's boom, especially with the AI revolution enhancing their companies' financial prospects.
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