OC’s Wealthiest 2023: Henry Samueli

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HENRY SAMUELI
CHAIRMAN
BROADCOM

THE MONEY: The largest reported individual owner of stock in the nearly $362 billion-valued Broadcom, plus extensive real estate holdings, as well as ownership of the Anaheim Ducks and related media ventures.

THE NUMBERS: Estimated to have sold more than $1.5 billion in shares since Broadcom went public in 1998. Still owns a 2.1% stake in company that’s now valued at about $7.8 billion, according to recent regulatory filings. Chipmaker holdings only represents a portion of family fortune. Stepped back as chief technology officer at Broadcom near end of 2018, now carries chairman title. Remains confidante of CEO Hock Tan, whose Avago Technologies bought chipmaker in 2016.

KEY METRIC: Broadcom shares up over 80% year-over-year.

BIG BREAK: Established Broadcom in 1991 in Redondo Beach with Henry Nicholas. Duo vaulted into ranks of billionaires shortly after going public seven years later. Bought local hockey franchise for $70 million in 2005. Forbes values the team at around $725 million, up from $620 million a year ago.

PHILANTHROPY: He and his wife, Susan, are among Southern California’s top philanthropists, and are members of the Giving Pledge, a group that promises to give away the majority of their money during their lifetime. The Samueli Foundation supports science, technology, engineering and math education; integrative health, youth services and social justice programs. A few years ago, they made a $100 million gift to the University of California, Los Angeles Samueli School of Engineering, described as the largest gift ever received at their namesake school. Giving to UCLA now approaching $200 million.

UCI Boost

Henry Samueli and his wife, Susan, said in June that they are donating an additional $50 million to the University of California, Irvine.
Their latest gift is for engineering-focused research aimed at improving health, the environment and society as a whole, and will lead to the creation of three new multidisciplinary research institutes at the existing Henry Samueli School of Engineering.
“Engineers are hard-wired as problem solvers,” Henry Samueli said in announcing the gift.
“We hope our new gift will allow them to focus their problem-solving skills on some of our world’s largest, most intractable issues.”
The gift boosts the Samueli family’s reported giving at UCI past $300 million. Their involvement at the university has spanned nearly 25 years and includes a variety of educational areas.
In 2017, they pledged $200 million—still the largest gift in UCI’s history—to create the Susan & Henry Samueli College of Health Sciences.
“The enduring generosity of Henry and Susan Samueli has enabled University of California, Irvine researchers to seek answers to the most challenging questions and make breakthroughs that impact all our lives,” said UCI Chancellor Howard Gillman.

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