Bloomberg Billionaires Index

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# 325 Henry Samueli $7.07B

Random fact: Recipient of the 2012 Marconi Prize, a prestigious engineering award.

Overview

Samueli is a co-founder of Broadcom Corp, the semiconductor and software company that was acquired by Avago Technologies in 2016 for $37 billion. The billionaire has at least 75 patents to his name for high-speed communication technology. He also owns the Anaheim Ducks, a National Hockey league team.

As of :
Last change +$116M ( +1.7%)
YTD change -$1.15B ( -14.0%)
Biggest asset AVGO US Equity
Country / Region United States
Age 67
Industry Technology
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Henry Samueli's net worth of $7.07B can buy ...

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troy ounces of gold
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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

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Confidence rating:

The majority of Samueli's fortune comes from his stake in Broadcom Inc. He owns about 2% of the company's stock, according to a March 2022 filing with the U.S. Securities & Exchange Commission.

Samueli also received more than $1.2 billion from the sale of his Broadcom Corp. stake to Avago on Feb. 2, 2016. His cash holdings include the sale proceeds and reflect an analysis of dividends, insider transactions, taxes and market performance.

He also owns the Anaheim Ducks, valued at $690 million. Their value is based on data from Sportico, a valuations service.

Sue Stein, a spokesperson for Samueli's family office, declined to comment on his net worth.

Biography

Birthdate:
Family: Married, 3 children
Education: University of California, University of California, University of California

Henry Samueli was born in Buffalo, New York in 1954 and began attending the University of California, Los Angeles when he was 16, according to a biography published in the Orange County Register.

At UCLA, he earned bachelor's and master's degrees in electrical engineering, specializing in high-speed digital integrated circuits. He completed a PhD in 1980 and later went to work for TRW Inc.

Samueli returned to UCLA as a professor and with his first PhD student, Henry Nicholas, started semiconductor company Broadcom in 1991. Though he initially intended to remain in his role as a professor and work for the company part-time, according to an interview with AllThingsD, he went on a leave of absence from his professorship in 1995.

In 1998, Broadcom went public, raising over $78 million, according to an Los Angeles Times report from the time. By 2012, its annual revenue exceeded $8 billion. Avago Technologies acquired Broadcom in 2016 for $37 billion.

Samueli and his wife, Susan, bought the Mighty Ducks hockey team from Disney in 2005, renaming it the Anaheim Ducks in 2006. The Ducks won the Stanley Cup in 2007 under the new leadership.

Samueli has committed more than $500 million to philanthropy since 1998, according to the University of California Irvine. He has signed the Giving Pledge agreeing to donate at least half of his wealth. Samueli and his family live in Newport Beach, California.

Milestones
  • 1954 Henry Samueli is born in Buffalo, New York.
  • 1980 Finishes doctoral degree at UCLA in electrical engineering.
  • 1991 Co-founds Broadcom with former coworker and PhD student, Henry Nicholas.
  • 1995 Leaves UCLA position to go on leave of absence to work at Broadcom full time.
  • 1998 Broadcom completes IPO for double the projected asking price.
  • 2007 Anaheim Ducks wins the Stanley Cup under Samueli's leadership.
  • 2012 Wins Marconi Society Prize and Fellowship for advances in modern communication.
  • 2016 Avago Technologies buys Broadcom for $37 billion