Billionaire Michael Dell, CEO of Dell Technologies, saw his wealth drop by a staggering $11.7 billion in a single day. This dramatic loss, one of the largest single-day declines for any billionaire, followed the announcement that VMware, a company in which Dell has a significant stake, will be acquired by Broadcom for $61 billion. The market reacted negatively to the news, impacting Dell's net worth. Despite this setback, Michael Dell remains a key figure in the tech industry with substantial investments and influence.