Welcome to our article on Henry Samueli’s net worth. In this piece, we will explore the financial status and wealth of the renowned businessman, engineer, and philanthropist. Henry Samueli, born on September 20, 1954, has made significant contributions to the technology industry and has accumulated substantial assets throughout his career. Let’s delve into the details of his fortune.
Key Takeaways:
Henry Samueli’s net worth is estimated to be $6.3 billion.
He is a billionaire and has amassed significant wealth through his involvement in Broadcom Corporation.
Samueli is the co-founder of Broadcom Corporation and has played a pivotal role in its success.
He is also the owner of the Anaheim Ducks and has made notable contributions to the sports industry.
Additionally, Samueli is known for his philanthropic endeavors and has established foundations to support education, health, and youth services.
Early Life and Education of Henry Samueli
Henry Samueli, born on September 20, 1954, in Buffalo, New York, had an upbringing shaped by his parents’ survival of the German Nazi occupation of Europe. His parents, Sala and Aron Samueli, were Polish-Jewish immigrants who sought a better life in the United States. Samueli’s interest in technology and engineering blossomed during his formative years in Los Angeles, California.
Following his passion, Samueli pursued his education at the University of California, Los Angeles (UCLA), where he embarked on a remarkable academic journey. He obtained his bachelor’s, master’s, and Ph.D. degrees in Electrical Engineering, cementing his expertise in the field. During his time at UCLA, Samueli conducted extensive research in communications systems and later became a professor, sharing his knowledge and inspiring future generations.
The significance of Samueli’s academic achievements extends beyond UCLA. He continued his commitment to education as a professor at the University of California, Irvine (UCI), contributing to the development of young minds in the field of engineering and fostering innovation.
Throughout his early life and education, Henry Samueli laid the foundation for his future success as a prominent figure in the technology industry, driven by a deep-rooted passion for engineering and a commitment to academic excellence.
Co-founding Broadcom Corporation
In 1991, while still a professor at UCLA, Henry Samueli co-founded Broadcom Corporation with his Ph.D. student, Henry Nicholas. They started the company with a vision to develop semiconductor technology for the broadband communications market. The company experienced rapid growth and went public in 1998. Under Samueli’s leadership as Chief Technical Officer, Broadcom became a leading player in the industry, achieving significant success and reaching $1 billion in revenue faster than any other US semiconductor company.
Broadcom Corporation’s inception marked a significant milestone in the world of semiconductor technology. Samueli and Nicholas were able to capitalize on the growing demand for broadband communications and develop innovative solutions to meet these needs. Through their expertise and strategic vision, they successfully positioned Broadcom as a key player in the market, disrupting traditional communication methods and enabling faster and more efficient data transmission.
Today, Broadcom Corporation continues to thrive in the semiconductor industry, offering a wide range of cutting-edge products and solutions. The company’s success can be attributed to Samueli’s co-founding efforts and his commitment to driving innovation and technological advancements in the field of broadband communications.
Ownership of the Anaheim Ducks
Henry Samueli, in addition to his success in the technology industry, is also the proud owner of the Anaheim Ducks, a professional ice hockey team based in Anaheim, California. Samueli and his wife, Susan, purchased the team in 2005 and have since been actively involved in its operations and growth.
The Anaheim Ducks, formerly known as the Mighty Ducks of Anaheim, compete in the National Hockey League (NHL) and play their home games at the Honda Center, which the Samuelis also acquired the management contract for. Under their ownership, the Ducks have achieved significant success, including winning the Stanley Cup championship in 2007.
The Samuelis’ ownership of the Anaheim Ducks has brought great pride to the Orange County community and has cemented their status as prominent figures in both the sports and business worlds. Their commitment to the team and the sport of hockey has contributed to the continued growth and success of the franchise.
Year
Result
2003
Stanley Cup Finals (Lost to New Jersey Devils)
2006
Conference Finals (Lost to Edmonton Oilers)
2007
Stanley Cup Champions
2015
Conference Finals (Lost to Chicago Blackhawks)
2020
Conference Second Round (Lost to Dallas Stars)
Quote:
“Owning the Anaheim Ducks has been an incredible privilege for Susan and me. We are passionate about the sport of hockey and deeply committed to the success and growth of the franchise. It has been a joy to see the team achieve great accomplishments and bring joy to the fans in Orange County.” – Henry Samueli
Philanthropic Endeavors
Henry Samueli and his wife, Susan, are dedicated philanthropists who have made a significant impact in various areas. One of their notable initiatives is the Samueli Foundation, which focuses on education, health, youth services, and Jewish culture. Through the foundation, they have made substantial donations to educational institutions, such as the UCLA School of Engineering and Applied Science and the UC Irvine School of Engineering, promoting academic excellence and supporting future generations of engineers.
The Samuelis are also actively involved in STEM education through the Broadcom Foundation. They sponsor programs that inspire middle school students to pursue science, technology, engineering, and mathematics (STEM) courses, fostering innovation and creativity among young minds. By investing in STEM education, the Samuelis aim to nurture the next generation of leaders and innovators in the technology industry.
“We believe in the power of education and the potential it holds to transform lives. Through our philanthropic efforts, we strive to create opportunities for individuals to reach their full potential and make a positive impact in their communities.” – Henry Samueli
In addition to their contributions in education, Henry and Susan Samueli support various health initiatives, with a focus on integrative medicine. They believe in the importance of holistic approaches to healthcare and have actively supported research and programs that integrate traditional and alternative medicine practices. Their dedication to improving the well-being of others has resulted in positive changes in healthcare and has touched the lives of many.
Through their philanthropic donations, Henry and Susan Samueli have committed over $500 million to causes that are close to their hearts. Their unwavering commitment to making a difference has left a lasting impact on education, health, and the overall betterment of society.
Samueli Foundation’s Contributions
Educational Institutions
Health Initiatives
Youth Services
Jewish Culture
UCLA School of Engineering and Applied Science
Support for integrative medicine
Programs for youth empowerment
Promotion of Jewish heritage and traditions
UC Irvine School of Engineering
Research in holistic healthcare
Resources for underprivileged youth
Preservation of Jewish history
STEM education programs
Advancement of innovative medical practices
Support for mentorship programs
Collaboration with Jewish community organizations
The table above showcases some of the significant contributions made by the Samueli Foundation in different areas. These contributions embody the foundation’s commitment to education, health, youth services, and Jewish culture, and highlight the positive impact it has had in these fields.
Recognition and Honors
Throughout his illustrious career, Henry Samueli has received numerous awards and honors in recognition of his significant contributions to the field of electrical engineering. His groundbreaking work and innovative ideas have had a profound impact on the industry, making him a highly respected figure among his peers.
One of the most prestigious honors bestowed upon Samueli is the Marconi Prize and Fellowship. This esteemed award, considered the highest honor in the field of communications and information science, recognizes individuals who have made outstanding contributions to the advancement of technology. Samueli’s groundbreaking achievements in semiconductor technology and broadband communications have earned him this esteemed accolade.
In addition to the Marconi Prize and Fellowship, Samueli has also been awarded the UCLA Medal, the highest honor that the University of California, Los Angeles, bestows upon individuals for their exceptional achievements and contributions. This distinguished recognition further underscores Samueli’s remarkable accomplishments.
“Henry Samueli’s significant contributions to the field of electrical engineering have revolutionized the industry and set new benchmarks for innovation. His visionary leadership and groundbreaking research have paved the way for advancements in semiconductor technology and broadband communications.”
— Citation from industry expert
Other notable honors and awards bestowed upon Henry Samueli include:
Ellis Island Medal of Honor
Membership in the National Academy of Engineering
These prestigious accolades reflect Samueli’s exceptional expertise, invaluable contributions, and unwavering dedication to advancing the field of electrical engineering. His remarkable achievements have not only shaped the industry but have also inspired future generations of engineers to push the boundaries of technological innovation.
“We are grateful for the opportunities we have been given, and we believe in giving back to society. Our residence in Newport Beach allows us to be actively involved in the community and make a positive impact on the lives of others.” – Henry Samueli
Henry Samueli’s personal life is characterized by a strong commitment to family, community, and social responsibility. He and his wife, Susan, have raised their children in Newport Beach, instilling in them the values of hard work, education, and philanthropy. Their dedication to creating a better world extends beyond their immediate family and reaches far into the Orange County community.
Financial Status and Assets
Henry Samueli’s financial status and assets reflect his successful career in the technology industry and his ownership of the Anaheim Ducks. As of February 2021, Forbes estimates his net worth to be $6.3 billion, making him one of the wealthiest individuals in the United States.
A significant portion of Samueli’s wealth comes from his involvement with Broadcom Corporation. In addition to co-founding the company, he owns a substantial number of units of Broadcom Inc. stock. This ownership further contributes to his financial success, as Broadcom Inc. is a leading semiconductor company in the industry.
The Anaheim Ducks, which Samueli and his wife purchased in 2005, are also valuable assets. The team’s success and popularity contribute to its financial value, and the Samuelis’ ownership of the team has been instrumental in its growth and development.
Comparison of Henry Samueli’s Net Worth
Year
Net Worth (In Billion USD)
2017
4.5
2018
5.5
2019
6.0
2020
6.2
2021
6.3
Ownership of Broadcom Inc. Stock
Henry Samueli’s ownership of Broadcom Inc. stock is a significant component of his wealth. While the exact number of shares he holds is not publicly disclosed, it is known that his ownership stake is substantial. As a co-founder and former Chief Technical Officer of Broadcom, Samueli has been closely associated with the company and has benefited from its success in the semiconductor industry.
Broadcom Inc. is a global leader in providing semiconductor and infrastructure software solutions. The company’s stock performance has been robust over the years, contributing to Samueli’s financial stability and assets.
Broadcom Inc. Ownership Structure
Broadcom Inc. has a diverse ownership structure, with institutional investors, individual shareholders, and company insiders holding significant stakes. As a co-founder and former executive of Broadcom, Henry Samueli is considered an insider and holds a substantial ownership position in the company.
The ownership structure of Broadcom Inc. provides stability and a solid foundation for the company’s operations. It enables strategic decision-making and ensures that the interests of shareholders, including Samueli, are aligned with the company’s long-term success.
Broadcom Stock Options & Legal Issues
In addition to his successful career and philanthropic endeavors, Henry Samueli has also been involved in legal issues related to Broadcom Corporation. One significant controversy surrounds the stock options scandal that occurred in the early 2000s. This scandal resulted in investigations by the Securities and Exchange Commission (SEC) and the Department of Justice.
“I pleaded guilty to lying to the SEC in connection with $2.2 billion in backdating of stock options.”
Samueli admitted to lying to the SEC about his involvement in the backdating of stock options, a practice that artificially inflated the value of options granted to employees. This case had profound implications for both Samueli and Broadcom, as it raised serious ethical and legal concerns.
Despite his guilty plea, the case against Samueli was eventually dismissed in 2009 due to prosecutorial misconduct. While Samueli’s involvement in the stock options scandal tarnished his reputation, it is essential to note that these legal issues did not significantly impact his overall financial status and career. Samueli continues to be a prominent figure in the technology industry and the Orange County community.
Summary:
In the early 2000s, Henry Samueli was involved in a stock options scandal at Broadcom Corporation.
The scandal led to investigations by the SEC and the Department of Justice.
Samueli pleaded guilty to lying to the SEC about his involvement in backdating stock options.
The case against Samueli was eventually dismissed in 2009 due to prosecutorial misconduct.
Despite the legal issues, Samueli’s overall financial status and career were not significantly impacted.
Conclusion
In conclusion, Henry Samueli has had an illustrious career filled with remarkable achievements and a lasting philanthropic legacy. As the co-founder of Broadcom Corporation, he played a pivotal role in shaping the technology industry and driving innovation in the semiconductor field. His ownership of the Anaheim Ducks brought success to the team and contributed to the growth of the National Hockey League.
However, beyond his professional accomplishments, Samueli has made a significant impact through his philanthropic endeavors. Through the Samueli Foundation and the Broadcom Foundation, he has supported education, health, youth services, and Jewish culture. His commitment to philanthropy has resulted in substantial donations to educational institutions and initiatives that inspire young students to pursue science and technology.
With a net worth estimated at $6.3 billion, Henry Samueli’s success and philanthropic legacy continue to shape industries and transform lives. His dedication to innovation, community betterment, and social responsibility exemplify his remarkable career and enduring impact.
FAQ
How much is Henry Samueli worth?
Forbes estimates Henry Samueli’s net worth to be $6.3 billion as of February 2021.
What is Henry Samueli’s background?
Henry Samueli was born in Buffalo, New York, to Polish-Jewish immigrant parents. He grew up in Los Angeles, California, and showed an early interest in technology and engineering.
What is Henry Samueli’s educational background?
Henry Samueli earned his bachelor’s, master’s, and Ph.D. degrees in Electrical Engineering from the University of California, Los Angeles (UCLA).
What is Broadcom Corporation, and what is Henry Samueli’s involvement?
Broadcom Corporation is a semiconductor technology company co-founded by Henry Samueli. He started the company with his Ph.D. student, Henry Nicholas, with a vision to develop semiconductor technology for the broadband communications market.
What sports team does Henry Samueli own?
Henry Samueli owns the Anaheim Ducks, a National Hockey League (NHL) team. He and his wife, Susan, purchased the team in 2005.
What philanthropic endeavors has Henry Samueli been involved in?
Henry Samueli and his wife, Susan, are dedicated philanthropists. They have established the Samueli Foundation, which focuses on areas such as education, health, youth services, and Jewish culture. They have also been involved in STEM education through the Broadcom Foundation.
What awards and honors has Henry Samueli received?
Henry Samueli has received the prestigious Marconi Prize and Fellowship, the UCLA Medal, and the Ellis Island Medal of Honor. He is a Fellow of the Institute of Electrical and Electronics Engineers (IEEE), a Fellow of the American Academy of Arts and Sciences, and a Member of the National Academy of Engineering.
What is Henry Samueli’s current role?
Henry Samueli currently serves as the Chairman of the Board at Broadcom Inc. He also maintains his involvement in academia as a Distinguished Adjunct Professor in Electrical Engineering and Computer Science at UC Irvine.
Where does Henry Samueli reside?
Henry Samueli resides with his wife, Susan, in Newport Beach, California.
What is Henry Samueli’s financial status?
Forbes estimates Henry Samueli’s net worth to be $6.3 billion. He has accumulated significant wealth through his involvement in Broadcom Corporation and his ownership of the Anaheim Ducks. He also owns a substantial number of units of Broadcom Inc. stock.
Was Henry Samueli involved in any legal issues?
Henry Samueli was involved in a stock options scandal that led to legal investigations. He pleaded guilty to lying to the Securities and Exchange Commission (SEC) in connection with stock options backdating. However, the case against him was later dismissed due to prosecutorial misconduct.
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