Henry Nicholas Net Worth
Henry Nicholas, III. Net Worth: Henry Nicholas, III. is an American businessman and entrepreneur who has a net worth of $1.6 billion. Best known as the co-founder and former co-chairman of the Board, President and CEO of Broadcom Corporation, Henry has also established himself as a great philanthropist and staunch leader of the victim's rights movement. Born Henry Thompson Nicholas III in 1959, in Cincinnati, Ohio, he took his Bachelor of Science in Electrical Engineering degree from the University of California in Los Angeles. Once he finished his stint at the U.S. Air Force Academy, he went to acquire his MS and Ph.D. in Electrical Engineering from UCLA. Backed with solid knowledge, he soon joined TRW, the place where he started accumulating his billion-worth fortune. At TRW, he got acquainted with Dr. Henry Samueli who would become his business partner later on. Henry's next career stop was PairGen Technologies, where he served as the director of Microelectronics. It was in 1991that he left his post at PairGen to found Broadcom Corporation with Samueli, each of the two investing $5,000. The business partners took their semiconductor company public in 1998, after which it grew into an electronic manufacturing powerhouse. In no time it has reached $1 billion in annual revenue, which is a faster rise than any US semiconductor company in history. By 2011, the company's revenues reached $7.4 billion. After being freed from separate charges on drug possession and distribution, Nicholas focused himself on philanthropy and founded the Nicholas Academic Centers which have allowed over 230 students to study at top-ranked universities across the nation. Also, he supports Episcopal community causes and the arts through his Henry T. Nicholas Foundation.