Michael Dell retakes No. 4 billionaire spot as Dell shares jump on AI demand

  • Michael Dell reclaimed fourth place on Forbes’ Real-Time Billionaires list.
  • Dell Technologies shares climbed almost 6% as Morgan Stanley cited AI server demand.
  • Dell reported $47 billion in revenue and a $95 billion AI server backlog.

Michael Dell reclaimed the No. 4 position on the Forbes Real-Time Billionaires list as Dell Technologies shares climbed almost 6% Friday, surpassing Mark Zuckerberg and Sergey Brin. The gain followed a brief pullback linked to executive stock sales and came after Morgan Stanley highlighted strong artificial intelligence server demand, a $95 billion backlog and a higher probability for its $756 bull-case target. Dell’s latest earnings included record revenue of $47 billion, with $16.4 billion from AI servers. The stock has risen 345% since the start of the year, although an earlier account cited a 7% session gain and a 359% year-to-date advance. Dell previously reached No. 2 on Forbes’ list earlier this month, while Michael Dell’s estimated wealth has increased about 94% from roughly $141 billion in January 2026.

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