Henry Nicholas Net Worth $1.4 Billion
Henry Nicholas is the co-founder of Broadcom having an estimated net worth of $1.4 billion as of March 2013. In the “Forbes 400” list, he’s the 347th richest individual. He is additionally ranked 1031st in the listing of World Billionaires. Born Henry Thompson Nicholas III in Cincinnati, Ohio in 1959, he graduated with a Bachelor of Science in Electrical Engineering degree from the University of California in LA. He afterwards went to PairGen Technologies and became the manager of Microelectronics. In 1991, Henry left PairGen to begin Broadcom Corporation with Samueli and each one has invested $5,000. They took the semiconductor business public in 1998 which became a digital manufacturing power station. It has reached $1 billion in annual revenue that is more rapid than any U.S. semiconductor business in history. In 2011, its earnings reached $7.4 billion. According to Henry Nicholas who is a music enthusiast, his inspiration were Pink Floyd lyrics to generate Broadcom. He retired from your business in 2003 but he nevertheless stays as one of the biggest shareholders in the business. Though Henry faced different charges on drug distribution and options backdating several years ago, both were disregarded in 2010. He switched his focus on philanthropy and founded the Nicholas Academic Centers that have sent more than 230 students to top-ranked universities across the nation. Henry Nicholas Foundation often gives to Episcopal community causes also to the arts and education programs.