"Michael and Susan Dell are pledging to invest billions of dollars into "Trump accounts," which will also receive a $1,000 seed from the federal government. For Dell, $1,000 has a special resonance. It's the same amount of money that he initially invested in his company, Dell Technologies, as a student at the University of Texas in 1984. Today, the entrepreneur is the 11th wealthiest person in the world, according to Bloomberg's Billionaires Index, with a net worth of $148 billion as of December 1."
""Here I was, twenty years old, a college dropout with a capital base of $1,000, saying: 'Hey, who wants to come work in this company?'" Dell launched the company in 1984 as PC's Limited."
Michael and Susan Dell are pledging $6.25 billion to create and fund "Trump accounts" that will also receive a $1,000 seed from the federal government. The Trump accounts are intended to demonstrate how modest initial investments can grow over time and help younger investors accumulate wealth. Michael Dell originally launched his company in 1984 with a $1,000 personal investment while a student at the University of Texas. The company, founded as PC's Limited, grew rapidly, reached over $6 million in first-year sales, rebranded as Dell Computer Corp., and went public in 1988. Dell Technologies now has a market capitalization of $90.6 billion and Dell's net worth is reported at $148 billion.
Read at Business Insider
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