Henry Nicholas III Biography: Life, Career, Success, Wealth & Net Worth

Henry Nicholas, III. is an American entrepreneur and philanthropist who co-founded Broadcom Corporation, a leading semiconductor company. He was born on November 13, 1959, in Cincinnati, Ohio, and grew up in the suburbs of Detroit, Michigan. He graduated from the University of California, Los Angeles (UCLA) with a bachelor’s degree in electrical engineering, and later earned a Ph.D. in electrical engineering from the University of California, Santa Barbara (UCSB).

Nicholas co-founded Broadcom in 1991 with Henry Samueli. The company became a major player in the semiconductor industry, producing wireless and broadband communication products. Under Nicholas’ leadership, Broadcom grew rapidly and went public in 1998. The company’s success made Nicholas a billionaire, with a net worth estimated at $3.1 billion USD in 2021.

Nicholas’ tenure at Broadcom was not without controversy. In 2008, he was indicted on charges of conspiracy, securities fraud, and other offenses related to the backdating of stock options. The case against him was eventually dismissed due to prosecutorial misconduct, but it tarnished his reputation and led to his resignation from Broadcom in 2003.

Despite the legal troubles, Nicholas has remained active in the technology industry and philanthropy. He has invested in several technology startups and founded a company called Marsalee, which produces technology for the healthcare industry. He has also donated millions of dollars to charitable causes through the Nicholas Family Foundation, which supports education, healthcare, and other initiatives.

In addition to his philanthropy, Nicholas is also known for his love of music and art. He is an accomplished guitarist and has performed with several well-known musicians. He is also an avid collector of contemporary art, and his collection includes works by artists such as Jean-Michel Basquiat and Damien Hirst.

Overall, Henry Nicholas III is a successful entrepreneur, philanthropist, and art collector whose contributions have made a significant impact in the technology industry and beyond.

Here is a timeline of Henry Nicholas III’s life and career:

• 1959: Henry Nicholas III is born on November 13 in Cincinnati, Ohio.
• 1982: Nicholas graduates from the University of California, Los Angeles (UCLA) with a bachelor’s degree in electrical engineering.
• 1985: Nicholas earns a Ph.D. in electrical engineering from the University of California, Santa Barbara (UCSB).
• 1991: Nicholas co-founds Broadcom Corporation with Henry Samueli.
• 1998: Broadcom goes public, and Nicholas becomes a billionaire.
• 2003: Nicholas resigns from Broadcom following charges of conspiracy, securities fraud, and other offenses related to the backdating of stock options.
• 2008: Nicholas is indicted on charges related to the stock option backdating, but the case is eventually dismissed due to prosecutorial misconduct.
• 2010: Nicholas founds Marsalee, a company that produces technology for the healthcare industry.
• 2011: Nicholas donates $110 million to UCLA to establish the Nicholas Endowment, which supports research in integrative biology and physiology.
• 2018: Nicholas donates $10 million to the Cedars-Sinai Medical Center in Los Angeles to support brain research.
• 2021: Nicholas’ net worth is estimated at $3.1 billion USD, according to Forbes.

Throughout his career, Nicholas has also been involved in various philanthropic initiatives, including donating millions of dollars through the Nicholas Family Foundation to support education, healthcare, and other causes.

Here are 5 interesting facts and 5 quotes from Henry Samueli:

5 Interesting Facts:

1. Henry Samueli co-founded Broadcom Corporation with Henry Nicholas in 1991. The company became a major player in the semiconductor industry, with products used in everything from smartphones to networking equipment.
2. Samueli received his Ph.D. in electrical engineering from the University of California, Los Angeles (UCLA), where he later became a professor and established the Samueli School of Engineering and Applied Science.
3. In 2005, Samueli and his wife Susan bought the Anaheim Ducks hockey team, which won the Stanley Cup championship in 2007.
4. Samueli has been a major philanthropist, donating millions of dollars to causes such as education, healthcare, and the arts. He has also pledged to give away most of his wealth.
5. In 2008, Samueli was convicted of lying to the Securities and Exchange Commission (SEC) about his role in the backdating of stock options at Broadcom. He was later pardoned by President Trump in 2020.

5 Quotes:

1. “The true measure of success is not how much money you have, but how many lives you impact for the better.”
2. “Innovation requires taking risks and challenging the status quo. If we always do what we’ve always done, we’ll never get anywhere.”
3. “The key to success is building strong relationships with people. You can’t do it alone.”
4. “I’ve always believed that education is the great equalizer. It’s the best way to lift people out of poverty and give them a better future.”
5. “As entrepreneurs, we have a responsibility to use our resources and our skills to make the world a better place.”