Michael Dell Overtakes Bezos as World's Third-Richest — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Michael Dell surpassed Jeff Bezos in Forbes' billionaire rankings on Tuesday, reaching No. 3 for the first time with an estimated net worth of $267.7 billion after a $4.6 billion single-day gain.
- Dell Technologies shares closed at an all-time high of $533.88 (up 1.9%), capping a 327% year-to-date rally from roughly $128 at the start of 2026.
- Bezos slipped to No. 4 as Amazon shares dipped 0.6%, shaving an estimated $1.4 billion from his net worth to $265.2 billion.
- Dell's ascent past Bezos extends a months-long climb in which he also overtook Mark Zuckerberg and Larry Ellison, with his net worth more than doubling year-over-year.
- Dell Technologies logged $47 billion in Q2 revenue (up 58% year-over-year), with its AI server business posting $60.9 billion in record orders and lifting full-year revenue guidance by $25 billion to $192 billion.
- Michael Dell holds roughly 40% of Dell Technologies and has much of the remainder of his fortune tied to DFO Management, a private firm investing in hotels and liquid corporate credit.
Why it matters: Dell's leap is directly tethered to AI infrastructure spending: Q2 AI server orders hit a record $60.9 billion, driving a 327% stock rally. With roughly 40% of his fortune in Dell Technologies shares, his $267.7 billion net worth is highly concentrated in one company — and he still trails Elon Musk's $942 billion by a chasm.
Ask SkimNews
