# Michael Dell's $20 billion drop after Forbes ranking

> Michael Dell lost $20 billion in one day after briefly ranking second richest globally.
- Title: Michael Dell's $20 billion drop after Forbes ranking
- Summary: Michael Dell lost $20 billion in one day after briefly ranking second richest globally. Michael Dell dropped from second to fifth on Forbes' billionaires…
- Keywords: michael dell, forbes billionaires, net worth, stock price, dell technologies, billionaires list, market slump, inflation concerns, business, money, news, Michael
- Source: Financialexpress — https://financialexpress.com/world-news/us-news/why-michael-dell-lost-20-billion-in-a-single-day-after-soaring-past-jeff-bezos/4361673
- Author: Ashima Grover
- Published: 2026-10-15T04:44:44+00:00
- Read time: 1 min
- Topics: michael dell, forbes billionaires, net worth, stock price, dell technologies, billionaires list, market slump, inflation concerns, business, money, news
## Michael Dell briefly ranked second richest
Dell Technologies CEO Michael Dell briefly reached the second-richest spot on Forbes with a net worth over $270 billion.
## Dell dropped to fifth after stock decline
Dell has now dropped back to the No. 5 spot on Forbes’ richest billionaires in the world tally after losing over $20 billion.
## Forbes reported $256.4 billion net worth
Forbes’ Real-Time Billionaire rankings listed Dell at $256.4 billion by 10:40 pm EDT on October 14.
## Dell ranked second on 'Biggest Losers' list
Dell was listed at No. 2 on the 'Biggest Losers' table for daily net worth changes.
## All top 9 billionaires saw net worth losses
All top 9 billionaires on the Forbes list witnessed net worth losses on Wednesday including Elon Musk.
## Stock price slumped 11.1% before close
Dell’s stock price fell 11.1% shortly before market close as shares traded 11.1% lower.
## Market slump followed inflation data
The market slump followed US Bureau of Labor Statistics inflation data showing prices rising 0.6% from August to September.
## Dell-Trump ties in focus
Dell and his wife Susan met with President Trump to discuss Trump Accounts for children under 18.
## Dell pledged $6.25 billion for children
Dell pledged $6.25 billion for 25 million children’s accounts under the 'One Big Beautiful Bill Act'.
## Key takeaway

Michael Dell dropped from second to fifth on Forbes' billionaires list after a $20 billion net worth loss due to stock declines.