How much is Michael Dell worth as he and wife reveal they are giving $6.25 billion to help U.S. kids?
Michael Dell and his wife Susan have announced that they will be giving $6.25 billion to fund investment accounts for U.S. children.
Michael Dell, the founder and CEO of Dell Technologies, along with his wife Susan, have announced that they will be giving $6.25 billion to help fund President Donald Trump’s bank accounts for U.S. children. In an interview with CNBC, Michael Dell said: “It’s designed to help families feel supported from the start and encourage them to keep saving as their children grow.”
Michael Dell also added that “We know that when children have accounts like this, they’re much more likely to graduate from high school, from college, buy a home, start a business and less likely to be incarcerated.”
On the OneDell.com website, Michael Dell also wrote: “What inspired us most was the chance to expand this opportunity to even more children.
“Through our charitable funds, we are thrilled to be contributing $6.25 billion to seed 25 million additional accounts with $250 each. These deposits will reach the accounts of most children age 10 and under who were born prior to the qualifying date for the federal newborn contribution. Children older than 10 may benefit, too, if funds remain available after initial sign-ups. It is an incredibly practical and direct step to help families begin saving today.”
Michael Dell also took to his Instagram and wrote: “$6.25 billion. 25 million children. $250 each.
“Susan and I believe the smartest investment we can make is in children. That’s why we’re so excited to contribute $6.25 billion from our charitable funds to help 25 million children start building a strong financial foundation through Invest America. 💪📈.”
In response to his Instagram post, one person wrote: “God bless you and your wife, such an unselfish act of kindness and generosity towards the youth of this nation! After all, they are the future, not just for the U. S. A. but the entire world. They are the light that will guide the future. 🙏❤️ Your kindness touches my heart and I wish you and your family only the best.”
Another person wrote: “Thank you for believing in the potential of every child. Your generosity will open doors for millions who need it most.”
Michael Dell and his wife Susan are parents to four children, Alexa, Zachary, Juliette, and Kira. In 1999 the couple started the Michael and Susan Dell Foundation. According to Susan’s biography on the Foundation’s website, “Susan Dell is the co-founder and chair of the Michael & Susan Dell Foundation, which was established in 1999 to accelerate opportunities for families and build pathways to change lives globally. For over 25 years, Susan has guided the foundation's strategic priorities and rapid growth.”
How much is Michel Dell worth?
According to Forbes, Michael Dell is worth $148.5B. Forbes reported that “In 2023, Dell gifted over $3 billion worth of cash and stock to his foundation, which focuses on child poverty, and his donor-advised fund.”