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Dell Applied sciences (DELL) founder and CEO Michael Dell has seen his web price acquire $31.6 billion up to now this 12 months, in line with the Bloomberg Billionaires Index. The vast majority of Dell’s $110 billion web price comes from his stake in the computer company of which he owns about half, in line with Bloomberg.

The corporate’s shares have risen about 58.4% up to now this 12 months. In March, Dell beat analysts’ earnings expectations in its fourth-quarter results, which had been pushed by demand for AI optimization in its server enterprise.

“Our sturdy AI-optimized server momentum continues, with orders rising practically 40% sequentially and backlog practically doubling, exiting our fiscal 12 months at $2.9 billion,” Jeff Clarke, Dell’s vice chairman and chief working officer, mentioned within the firm’s earnings report.

Clarke mentioned Dell is just at the beginning of its enterprise into AI and believes it’s “uniquely positioned with our broad portfolio to assist prospects construct GenAI options that meet efficiency, price and safety necessities.”

In August, Clarke mentioned that Dell’s “AI momentum accelerated” during the second quarter and that the corporate has “seen a rise within the variety of enterprise prospects shopping for AI options every quarter.”

“AI-optimized server demand was $3.2 billion, up 23% sequentially, and $5.8 billion 12 months so far,” Clarke mentioned concerning the second quarter.

In accordance with the Forbes Billionaires List, Dell’s real-time web price was $104.9 billion as of Friday afternoon.