Michael Dell reclaimed the fourth spot on the Forbes Real-Time Billionaires list on September 25, 2026, after Dell Technologies shares jumped nearly 6%.
The rally added over $11 billion to his estimated net worth, pushing his fortune to $276.4 billion.
The gain allowed him to bypass Meta chief executive Mark Zuckerberg, whose wealth declined by $9 billion to $257.2 billion after Meta shares dropped almost 4%.
AI Server Business Drives the Surge
Dell Technologies shares reached $570.72 during trading as Morgan Stanley highlighted robust enterprise demand for hardware and an expanding order backlog.
The company reported a record $47 billion in revenue in its latest quarterly earnings, driven by $16.4 billion from its AI server operations.
Its backlog for AI servers reached $95 billion, supported by $60.9 billion in new AI orders for the quarter.
The infrastructure surge reflects a broader strategic pivot from traditional personal computers to enterprise computational systems.
In fiscal 2026, Dell's Infrastructure Solutions Group generated $60.8 billion in revenue, overtaking its Client Solutions Group PC business, which recorded $51.0 billion.
Server and storage revenue grew 89% year-over-year in the latest quarter, outstripping PC division growth.
While expanding server manufacturing, Dell flagged softening in the consumer PC market for the second half of the fiscal year.
Company executives expect PC revenue growth to moderate while operating margins shift to roughly 6%.
Beyond enterprise hardware, the company launched its updated commercial portfolio in Mumbai, introducing AI-enabled PCs and high-performance workstations for global markets.
Dell holds a roughly 40% stake in the firm alongside additional holdings in Broadcom and private investments through DFO Management.
