Henry Samueli Biography: Life, Career, Success, Wealth & Net Worth

Henry Samueli is an American entrepreneur and philanthropist who is best known for co-founding Broadcom Corporation and for his extensive philanthropic work. He has an estimated net worth of $6.5 billion as of 2023, according to Forbes.

Samueli was born on September 20, 1954 in Buffalo, New York. He earned a bachelor’s degree, master’s degree, and PhD in electrical engineering from the University of California, Los Angeles (UCLA).

After completing his PhD, Samueli worked as a professor of electrical engineering at UCLA. In 1991, he co-founded Broadcom Corporation with fellow UCLA professor Henry T. Nicholas III. Broadcom initially focused on developing chips for networking equipment, but later expanded into other areas, including wireless technology, broadband, and digital television.

Under Samueli’s leadership, Broadcom became one of the world’s leading semiconductor companies, with a market capitalization of over $50 billion. Samueli served as the company’s chief technical officer and chairman of the board until 2018, when Broadcom was acquired by Avago Technologies for $37 billion.

Samueli has also been a generous philanthropist throughout his career, supporting a variety of causes through his Samueli Foundation. He and his wife, Susan, have donated millions of dollars to support education, health care, and the arts.

In addition to his work with Broadcom and his philanthropic efforts, Samueli is also an avid sports fan and owns the Anaheim Ducks NHL team. He is also a part owner of the Honda Center, where the Ducks play their home games.

Despite his success, Samueli has faced some controversy over the years. In 2008, he pleaded guilty to one count of lying to the Securities and Exchange Commission in connection with the backdating of stock options at Broadcom. He was fined $12 million and sentenced to five years’ probation.

Despite this setback, Samueli remains a highly respected figure in the tech industry and a well-known philanthropist. His contributions to the fields of engineering and technology, as well as his dedication to giving back to his community, have made him a highly influential figure in the world of business and beyond.

Here is a timeline of some of the key events in the life and career of Henry Samueli:

• 1954: Henry Samueli is born on September 20th in Buffalo, New York.
• 1975: Samueli earns a bachelor’s degree in electrical engineering from the University of California, Los Angeles (UCLA).
• 1976: Samueli earns a master’s degree in electrical engineering from UCLA.
• 1980: Samueli earns a PhD in electrical engineering from UCLA and begins working as a professor of electrical engineering at the university.
• 1991: Samueli co-founds Broadcom Corporation with fellow UCLA professor Henry T. Nicholas III. The company initially focuses on developing chips for networking equipment.
• 1998: Broadcom goes public, raising $38 million in an initial public offering (IPO).
• 2008: Samueli pleads guilty to one count of lying to the Securities and Exchange Commission in connection with the backdating of stock options at Broadcom. He is fined $12 million and sentenced to five years’ probation.
• 2015: Broadcom is acquired by Avago Technologies for $37 billion.
• Present: Samueli and his wife, Susan, continue to support a variety of causes through their Samueli Foundation. He is also the owner of the Anaheim Ducks NHL team and a part owner of the Honda Center.

This timeline provides a brief overview of some of the major events in Samueli’s life and career, from his early education and academic career to his founding of Broadcom and his philanthropic work.

5 interesting facts about Henry Samueli:

1. He was inducted into the National Inventors Hall of Fame in 2008 for his contributions to the development of wireless technology.
2. Samueli has been recognized with numerous awards and honors, including the Marconi Society Prize in 2012 for his contributions to modern communications technology.
3. In addition to his work in technology, Samueli is a passionate sports fan and owns the Anaheim Ducks NHL team.
4. He and his wife Susan have donated over $200 million to charitable causes through their Samueli Foundation, including support for education, health care, and the arts.
5. Samueli has also been involved in a variety of philanthropic and community organizations, including the Pacific Symphony, the Orange County School of the Arts, and the Discovery Cube science museum.

5 quotes from Henry Samueli:

1. “Innovation requires risk-taking, and risk-taking requires failure… we need to have the courage to fail in order to be truly innovative.”
2. “Engineering is all about creating things that never existed before, solving problems that have never been solved before, and making things work better than ever before.”
3. “One of the most important things we can do as a society is to encourage and support education, particularly in the fields of science, technology, engineering, and math.”
4. “Philanthropy is a way for us to give back to our community and to support causes that are important to us. It’s a way for us to make a positive impact in the world.”
5. “Success is not just about making money or achieving fame. It’s about making a difference in the world and leaving a positive legacy for future generations.”