Henry Samueli Net Worth

Henry Samueli Net Worth and Career Highlights

Henry Samueli is an American tech entrepreneur and sports team owner with a net worth of $10 billion. Born on September 20, 1954, in Buffalo, New York, Samueli established himself as a prominent figure in the technology industry through his co-founding of Broadcom Corporation. His contributions to the semiconductor industry and visionary business approach have significantly impacted the technology landscape. Apart from his professional achievements, Samueli is also known for his philanthropic endeavors, demonstrating his commitment to social responsibility and community development.

Early Life

Henry Samueli’s passion for technology and engineering was ignited at an early age. Born in Buffalo, New York, his family relocated to Los Angeles, California, during his childhood. Samueli displayed exceptional talent in math and science, leading to a lifelong interest in technology. He pursued his higher education at the University of California, Los Angeles (UCLA), where he obtained his bachelor’s, master’s, and Ph.D. degrees in Electrical Engineering.

Career

Before co-founding Broadcom, Henry Samueli had an impressive academic career. He joined the faculty of UCLA’s Electrical Engineering department in 1985, specializing in communications systems research. Later, he transitioned to the University of California, Irvine (UCI), where he served as a professor. His time in academia greatly influenced his business approach, emphasizing innovation and lifelong learning.

In 1991, Samueli partnered with fellow UCLA graduate Henry Nicholas to establish Broadcom Corporation. The company aimed to develop semiconductor technology for the broadband communications market. With a humble investment of $5,000 each, the two Henrys launched Broadcom. Under Samueli’s guidance as Chief Technical Officer, Broadcom introduced a series of groundbreaking innovations, propelling it to a leading position in the industry.

In 1998, Broadcom went public, and Samueli became a billionaire. The company achieved the milestone of reaching $1 billion in revenue faster than any other US semiconductor company in history. By 2011, Broadcom’s revenues had reached $7.4 billion. In 2016, Avago Technologies acquired Broadcom for $37 billion.

Personal Life

Henry Samueli resides in Newport Beach, California, with his wife, Susan. They have made a commitment to donate at least half of their wealth to charitable causes, exemplifying their dedication to philanthropy and community betterment.

Net Worth Over Time

Henry Samueli’s net worth of $10 billion reflects his successful career in the technology industry and sports team ownership. With his significant contributions to Broadcom, his net worth skyrocketed, culminating in the company’s acquisition by Avago Technologies for $37 billion in 2016.

Components of Net Worth

Henry Samueli’s net worth largely stems from his ownership stake in Broadcom Corporation. As a co-founder, his technological expertise played a crucial role in the company’s success. Additionally, Samueli’s ownership of the Anaheim Ducks, a professional ice hockey team, further contributes to his net worth.

Disclaimer: All net worths and financial information mentioned in this article are calculated using publicly available sources. While we strive for accuracy, these figures are estimates and may not reflect the exact net worth of Henry Samueli.

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