H
Chairman
Broadcom
Co-Chair
Samueli Foundation
THE NUMBERS: Estimated to have sold more than $1.5 billion in shares since Broadcom went public in 1998. Still owns 2.3% stake in company that’s now valued at about $4.4 billion, according to recent regulatory filings. Chipmaker holdings only represents a portion of family fortune. Stepped back as chief technology officer role 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 about 50% 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 $460 million now.
THE VIBE: Samueli family putting portion of fortune into Anaheim; now owns or controls more than 125 acres in vicinity of Honda Center where hockey team plays. Has spent close to $200 million to assemble the land, records show. Major redevelopment plans disclosed a month ago: dubbed ocV!BE, a $3 billion plan to build a mix a of apartments, offices, hotels, dining and entertainment options. Samueli reps say the family will self-finance the deal, the largest project expected to move ahead in the Platinum Triangle. The first phase is expected to deliver by 2024 and the entire project is scheduled to wrap by 2028, when Honda Center will play host to indoor volleyball for the Summer Olympics.
PHILANTHROPY: Samueli and his wife, Susan Samueli, 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 UCLA Samueli School of Engineering, the largest gift ever received at their namesake school. Giving to UCLA now approaching $200 million. The Samuelis have also donated a reported $250 million to UCI, including a $200 million gift—the largest in UCI’s history—in 2017 for its College of Health Sciences.
+27%
• NET WORTH: $7 billion
• LAST YEAR: $5.5 billion
• AGE: 66
• RESIDENCE: Corona del Mar
• SOURCE OF WEALTH: semiconductors, Anaheim Ducks, real estate
