Michael Dell is growing richer by the day as the Dell stock price continues its strong surge. According to Bloomberg, his net worth has jumped by more than $27 billion this year and currently stands at over $106 billion. That makes him the 12th richest person in the world. Forbes, on the other hand, places Michael Dell’s net worth at $96.7 billion, making him the 15th wealthiest person globally.Dell’s wealth has jumped sharply because of the strong performance of his company. Dell (NYSE: DELL) stock price has jumped by over 68% this year, giving it a market cap of more than $91 billion. It has risen by over 213% in the past 12 months and by 310% in the past five years.Dell stock price chartDell’s stock price has done this well because of the ongoing recovery in the PC industry and demand in the artificial intelligence sectors. Canalys, a leading analysis firm, estimates that PC sales will jump by 7% this year. Dell has a 22% market share in the PC industry.Meanwhile, Dell said that its business was showing some signs of recovery, helped by the artificial intelligence craze. The firm’s revenue in the fourth quarter dropped by 11% to $22.3 billion, bringing the annual figure to $88 billion.Dell believes that its recovery will accelerate this year. It sees its revenue rising to between $91 billion and $95 billion. Dell has also been a huge rewarder of its shareholders. It repurchased $11.2 million worth over $838 million and then increased its dividend by 20%.Dell also announced that it would continue slashing its workforce this year in a bid to save costs. It had 120k workers in February this year, down from 133k last year.Analysts have a favourable view of Dell as it faces a major AI tailwind. Of the 18th analysts tracking the company, 11 have a buy rating while 4 have a strong buy rating. 2 have a hold while 1 has a sell rating.Still, there are concerns that the stock has become highly overvalued. The current average target for the stock among analysts is $122.6, lower than the current $144. It has a forward PE ratio of 29.50, higher than the sector median of 28.25.More By This Author:More layoffs: Is AI the reason for Amazon jobs cuts in cloud computing?EUR/CHF Golden Cross Pattern Points To A Surge To Parity Silver Price Prediction: Bullish Breakout Confirmed