Henry Nicholas net worth
Henry Nicholas III. net worth: Henry Nicholas III. is an American businessman and entrepreneur with a net worth of $3.8 billion. Henry Nicholas is the co-founder and former co-chairman of the board, president and chief executive officer of Broadcom Corporation. He is also a philanthropist and a staunch leader of the victims’ rights movement. He was born Henry Thompson Nicholas III in 1959 in Cincinnati, Ohio. After his parents divorced, he moved with his mother to Santa Monica, California. After high school, he enrolled at the U.S. Air Force Academy, but dropped out after three years because his height (6-foot-6) would apparently prevent him from becoming a pilot. After leaving the Air Force Academy, he attended UCLA, where he eventually earned a degree in electrical engineering. Then he went to get a master’s degree and a Ph.D. Electrical Engineering from UCLA. After college, Henry joined the business group TRW. It was at TRW that Henry Nicholas met Dr. Henry Samueli who would become his business partner. Henry’s next stop was PairGen Technologies, where he was director of the microelectronics division. In 1991, he left PairGen to co-found Broadcom Corporation with Samueli. They both invested $5,000 to launch the company. Business partners took their semiconductor company public in 1998, and it has since grown into an electronics manufacturing powerhouse. It soon hit $1 billion in annual revenue, the fastest growth rate for any U.S. semiconductor company in history. By 2011, the company’s revenue reached $7.4 billion. Nicholas focuses on philanthropy and founded the Nicholas Academic Center, which has seen over 230 students study at top universities across the country. In addition, he supports the causes and arts of the Episcopal community through his Henry T. Nicholas Foundation.
dispute: Famous Henry Nicholas spent more than $30 million renovating his Southern California home. The final version of the house features an underground men’s cave, which some describe as a private sex dungeon. When neighbors complained about construction, Nicholas moved his dungeon to a nearby warehouse. The warehouse lair was soon given the name “The Ponderosa” or “The Pond,” as regulars call it. Visitors enter through a secret passage that leads to a large room decorated in red and gold. It is alleged that Nicholas supplied tourists with large quantities of drugs and prostitutes. His wife soon filed for divorce, and government prosecutors charged him with securities fraud. The charges were eventually dismissed. In August 2018, Henry Nicholas was arrested in Las Vegas after hotel security found an unconscious woman in his room with a suitcase full of drugs.
