Henry Samueli net worth reveals a story of success, innovation, and financial acumen. As the co-founder of Broadcom Corporation, his wealth isn’t just about numbers, but a reflection of his impact in the tech industry.
This piece offers a closer look at how Samueli’s business strategies and technological contributions have shaped his financial landscape.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Henry Samueli |
| Popular Name | Henry Samueli |
| Gender | Male |
| Birth Date | September 20, 1954 |
| Age | 69 |
| Parents | Sala and Aron Samueli |
| Siblings | N/A |
| Birthplace | Buffalo, New York, United States |
| Nationality | American |
| Ethnicity | Polish-Jewish |
| Education | University of California, Los Angeles, Fairfax High School |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Susan Samueli |
| Children | 3 |
| Dating | N/A |
| Net Worth | $17.2 billion |
| Source of Wealth | Broadcom, Anaheim Ducks |
| Height | N/A |
What is the Net Worth Of Henry Samueli in 2024?
Henry Samueli‘s net worth on June 23, 2024, is estimated $17.2 billion. This makes him one of the richest tech CEOs. His wealth is higher to Henry Nicholas at $14.5 billion but less than Julia Koch estimates at $65.3 billion and Zhong Shanshan estimates at $60.4 billion. These numbers show his significant impact in tech and business.
Henry Samueli Finance Overview
Founding and Growth of Broadcom Corporation
Henry Samueli co-founded Broadcom Corporation with Henry Nicholas in 1991. They started with $5,000 each in Nicholas’s condo in Redondo Beach, California. Their goal was to develop semiconductor technology for broadband communications.
\Samueli, as Chief Technical Officer, led the company to many breakthroughs. Broadcom went public in 1998, quickly increasing its value. In 2016, Broadcom was sold to Avago Technologies for $37 billion in cash and stock.
Key Business Ventures and Investments
Samueli’s business ventures go beyond Broadcom. In 2005, he and his wife Susan Samueli bought the Anaheim Ducks hockey team for $70 million. Today, the team is worth $480 million. His interest in sports shows his varied investments and strategic financial moves.
Contributions to Broadcom’s Success
Samueli’s role at Broadcom was crucial. As a skilled engineer and visionary leader, he led the development of key products.
These innovations made Broadcom a leader in the semiconductor market. The company’s fast growth, reaching $1 billion in revenue quickly, highlights his leadership. The IPO in 1998 and later financial successes added to his reputation.
Philanthropic Endeavors
Henry Samueli is not only known for his business success but also for his generous philanthropy. He established the Samueli Foundation, which focuses on education, health, youth services, and Jewish culture.
In 2017, the Samuelis made a historic $200 million donation to UC Irvine, the largest in the school’s history, to create the Susan and Henry Samueli College of Health Sciences. This donation underscores their commitment to education and community development.
Academic and Professional Background
Samueli’s academic journey began at UCLA, where he earned his Bachelor’s, Master’s, and Ph.D. in Electrical Engineering. He later taught at UCLA and UC Irvine, contributing to research and innovation. His academic background influenced his business strategies, emphasizing learning and innovation.
Legal and Financial Challenges
Samueli faced challenges, like the stock options backdating scandal. In 2008, he pleaded guilty to lying to the SEC. Later, the plea was expunged due to prosecutorial misconduct. This legal issue, while tough, didn’t overshadow his contributions to tech.
Recognition and Honors
Samueli has received many awards and honors. These include the Marconi Society Prize and Fellowship, the UCLA Medal, and induction into the National Academy of Engineering. These accolades highlight his impact on technology and his commitment to giving back.
Personal Life and Its Impact on His Wealth
Samueli’s personal life shows his commitment to family and community. He lives in Newport Beach, California, with his wife Susan. They have pledged to donate much of their wealth to charity, showing their values and dedication to philanthropy.
FAQs about Henry Samueli
Who is Henry Samueli?
He is an American businessman, engineer, and philanthropist. He co-founded Broadcom Corporation and owns the NHL’s Anaheim Ducks.
What is Samueli’s educational background?
He earned his bachelor’s, master’s, and Ph.D. degrees in electrical engineering from UCLA.
What are Samueli’s contributions to academia?
He is a Professor (on leave) at UCLA and a Distinguished Adjunct Professor at UC Irvine in electrical engineering.
What companies did he co-found?
He co-founded Broadcom Corporation in 1991 with his Ph.D. student Henry Nicholas.
What sports team does he own?
He owns the Anaheim Ducks, an NHL team, which he purchased in 2005.
What is Samueli’s role at Broadcom?
He is the chairman of Broadcom Inc. and has played a crucial role in its growth and innovation.
What are some of Samueli’s philanthropic efforts?
Through the Samueli Foundation, he has supported education, health, youth services, and Jewish culture. Notable donations include major gifts to UCLA and UC Irvine.
What honors has he received?
He has received numerous honors, including being a Fellow of the IEEE and American Academy of Arts and Sciences. He was also awarded the Marconi Prize.
What are Henry Samueli’s notable inventions?
He is a named inventor on 75 U.S. patents and has made significant contributions to VLSI architectures and digital communication systems.
How did he start Broadcom?
He co-founded Broadcom in 1991 with Henry Nicholas, investing $5,000 each, and initially worked out of Nicholas’ home.
What legal issues has he faced?
He was involved in a stock options backdating investigation but was ultimately cleared of wrongdoing after a judge cited prosecutorial misconduct.
Conclusion
Henry Samueli’s journey as a top-earning CEO serves as a compelling blueprint for success. Engage with us in the comments, share your thoughts, or continue exploring similar content on our website, WorldofCEOs.com. Dive deeper into the lives of other visionary leaders and learn what makes them tick. Thank you for reading.
