Topline<\/p>\n
Mark Zuckerberg became the world\u2019s fifth-richest person on Monday, reclaiming the rank from Michael Dell as shares in his hardware firm declined, extending a cooling period for the stock since climbing to an all-time high last month.<\/p>\n
The hardware firm\u2019s stock has cooled since skyrocketing to an all-time high last month. <\/p>\n
Copyright 2026 The Associated Press. All rights reservedKey Facts<\/p>\n
Shares of Dell dropped 3.3% as of Monday afternoon, adding to an 8.8% slide the previous week and a more than 18% decline since hitting an intraday all-time record high of $469 on June 1.<\/p>\n
Dell, who holds about 265.7 million Dell shares, saw his net worth cut by $2 billion to $221.1 billion, ranking him directly below Zuckerberg ($222.1 billion) on Forbes\u2019 list of the world\u2019s wealthiest people<\/a>.<\/p>\n Meta\u2019s stock, which traded down as much as 1.6%, rose to roughly break even on the day shortly before market close.<\/p>\n big number<\/p>\n 200%. That\u2019s how much Dell shares have swelled by this year as they more than tripled in value, despite a recent selloff. Michael Dell\u2019s fortune opened 2026 at $141 billion, ranking him as the 13th-richest person in the world, and his wealth has surged 864% since hitting $22.9 billion in 2020.<\/p>\n what to watch for<\/p>\n Dell will report Q2 earnings next month, while Meta reports next week.<\/p>\n key background<\/p>\n Dell has become one of the largest beneficiaries of the broader buildup of AI infrastructure, as the hardware firm has become a key supplier to data centers. The company reported an 88% surge in revenue through its previous quarter, boosting Dell\u2019s stock by 39% in its best trading session ever. AI server revenue skyrocketed by 757% over the previous year, Dell reported, with expectations for annual sales topping $60 billion. President Donald Trump, who became a shareholder in the first quarter, has urged investors to buy Dell, urging traders to \u201cgo out and buy a Dell.\u201d <\/p>\n