It's a big week for tech news. First, Apple announced their new CEO, John Ternus, when Tim Cook decided to step down after getting the role in 2011. And now, the Dells are making headlines.
Michael, 61, and Susan, 61, Dell announced on Tuesday, April 22 that they would be donating $750 million to the University of Texas at Austin funding a new hospital and research campus.
In an interview with CNBC, the billionaire CEO of Dell Technologies shared that the hospital will use artificial intelligence to deliver more precise treatments for patients.
"There are a lot of medical centers out there," Michael continued. "But what you get with the opportunity to build something new is that you can design it from the start with data and computing and AI built in. It allows you to make better decisions earlier and coordinate care more effectively and ultimately create better outcomes."
© Getty ImagesUT Austin expects to break ground on the hospital later this year and open in 2030. Michael and Susan's donation is notably one of the largest ever to an American public university. In total, Michael has contributed more than $1 billion to UT Austin over the years.
The tech giant continues to support the Texas school that he dropped out of during his sophomore year. When the now billionaire was just 19, he started selling upgrade kits for personal computers, capitalizing on the direct-to-consumer model and customizable build-to-order PCs, which eventually became the Dell Computer Corporation.
© Getty ImagesBy 27, Michael had become the youngest CEO of a company ranked in Fortune Magazine's list of the top 500 corporations. These days, Michael is worth some $170 billion.
Michael and Susan's philanthropic love
The news of the Dells' most recent philanthropic gift comes four months after they announced a $6.25 billion investment to support American children.
"If there's one investment that never stops growing, it's investing in children. They are our future," the couple said in a statement. "From our years of experience in supporting education, health and financial stability programs, we know that this program will give young Americans more than a savings account. It will give them momentum. It will give them confidence and opportunity."
© Getty ImagesIn their 37 years of marriage, Susan and Michael have committed over $10 billion to philanthropic causes. The couple met on a blind date in 1988 and have dedicated their lives to helping people.
© Getty ImagesTen years after their wedding, they founded the Michael & Susan Dell Foundation, through which they have donated $2.9 billion to date through grant making, mission investments, scholarships and more towards children's issues and community initiatives in the United States and abroad.
Susan and Michael are parents to four children, three daughters and a son, Kira, Alexa, Juliette, and Zachary.
