Michael Dell surpassed Oracle co-founder Larry Ellison to become the world’s fifth-richest person after a rally in Dell Technologies shares boosted his fortune while Oracle stock declined.
Dell, founder and CEO of Dell Technologies, saw his net worth rose 3.3% to $234 billion on Wednesday as shares of the U.S. tech giant gained 3.7% during the trading session, according to Forbes.
The increase was driven largely by Dell’s roughly 40% stake in the company he founded in 1984.
The Oracle co-founder has experienced sharp swings in the global wealth rankings in recent years. He briefly surpassed Elon Musk as the world’s richest person for part of a day in 2025, according to Benzinga. However, he has since fallen back in the rankings as Musk’s wealth continued to increase in 2026.
Dell now ranks behind Amazon founder Jeff Bezos, whose fortune is estimated at $248 billion. Google co-founders Sergey Brin and Larry Page occupy the third and fourth spots with estimated net worths of $274.1 billion and $297.2 billion.
Dell has emerged as one of the biggest beneficiaries of the surge in AI spending as technology companies race to expand computing infrastructure and data center capacity.
Dell Technologies’ market value has more than tripled over the past year, pushing the company above the $200 billion valuation mark. In its latest quarterly results, the company reported an 88% increase in revenue from a year earlier and a 757% jump in AI server revenue.
It recently raised its forecast for annual AI-related revenue to $60 billion, up from a previous estimate of $50 billion issued in February.
Source: VN Express