So how much did the Perot family make off the Dell deal?

Posted Sep 22nd 2009 2:20PM by Tom Taulli
Filed under: Dell (DELL)

Dell's (Nasdaq: DELL) acquisition of Perot Systems (NYSE: PER) came at a nosebleed valuation of $3.9 billion. In fact, it will probably make it impossible for another suitor to come to the table. In other words, the transaction is an indication of how much Dell needs Perot, so as to compete better against rivals like Hewlett Packard (NYSE: HPQ).

Of course, it's also a stellar outcome for the Perot family. How much so? Well, Bloomberg.com dug into the SEC filings to find out. Essentially, the deal boosted the family's wealth by roughly $400 million, with the total value of the equity holdings coming to $952 million.

Then again, Ross Perot Sr. is already worth $5 billion and his son, Perot Jr., has an estimated wealth of $2.2 billion (according to Forbes).

But, in the world of the wealth, more is certainly better, right?

Besides, according to the Wall Street Journal (subscription required), the Perot family has taken some dings lately.

First, the Perot family hedge fund -- which attained assets of about $2.5 billion -- had to be liquidated last year because of significant losses. Next, Perot Jr's real estate operation had to give up equity in a major deal.

So, the Dell transaction will be a nice way to get the Perot family back to where it always seems to do well -- that is, making lots of money.

Tom Taulli is the author of various books, including The Complete M&A Handbook.

Tags: DellPerot, hpq, inthenews, per, Perot