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ImageMichael Dell

Dell may be facing rough times, however with a net worth of $12.3 billion, CEO Michael Dell still manages to rank at no. 25 in Forbes' billionaires list. The CEO of the world's second-largest PC maker has been the youngest CEO ever to earn a ranking on the Fortune 500.

Forty-four-year-old Michael Dell started a company called PC's Limited from a room, while still studying at the University of Texas. The company later became Dell Computer Corporation, followed by Dell Inc in 2003.

In 1998, Dell formed MSD Capital and in 1999, he and his wife formed the Michael & Susan Dell Foundation, to manage the investments and philanthropic efforts, respectively, of the Dell family.

Between July and September last year he bought up $200 million in Dell stock. The last one year has been tough for Dell, with shares going down by as much as 60 per cent.

The company posted fourth quarter profits down 48%. Sales are also down 17%. In August 2006, the company recalled 4.1 million laptops after complaints of faulty battery. Wife, Susan, owns fashion label Phi, which sells through over 24 boutiques worldwide.
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