Wednesday, May 12, 2021

Broadcom's Samueli Giving Away Billions

Henry Samueli, one of the founders of Broadcom--which was founded in Irvine--has pledged to give away most of his wealth during his lifetime. According to the IEEE Spectrum, which profiled Samueli's philanthropy efforts, Samueli--worth more than $6 billion--is doing that through donations to UCLA, UC Irvine, and many other efforts, including the Samueli Academy, in Santa Ana, a public charter school is for middle school and high school students. Samueli's co-founder, Henry T. Nicholas, III, has taken quite a different turn with his fortune, having narrowly avoided jail in 2019 on drug charges, and infamously faced allegations of building a "secret lair for sex, drugs" under his mansion, according to the LA Times.

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