⬅ # 169 Andrew Beal|# 171 Johann Rupert

# 170 Henry Nicholas III 


Real Time Net Worth
as of 4/12/2024
-$279.6M (-2.35%)

# 170 Henry Nicholas III 


Real Time Net Worth
as of 4/12/2024
-$279.6M (-2.35%)
OccupationCofounder, Broadcom
Source of WealthSemiconductors
ResidenceNewport Coast, California
Marital StatusDivorced
EducationBS, University of California, Los Angeles; Doctorate, University of California, Los Angeles; MS, University of California, Los Angeles
Age-Adjusted Net Worth$9.07B
Henry Nicholas III
Henry Nicholas III
United States
Net worth: $11.9B

Self-Made Score 

Wealth History

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Henry Thompson Nicholas III, born in Cincinnati, Ohio in 1959, co-founded Broadcom Corporation in 1991 with Henry Samueli.
Graduated from UCLA with a Ph.D. in electrical engineering in 1998, contributing to the development of Broadcom's integrated circuit.
Retired as Broadcom CEO in 2003 at 43, following the company's IPO in 1998.
Broadcom was later acquired by Avago in 2016 for $37 billion.
Founded the Henry T. and Stacey Nicholas Foundation in 2003, focusing on education, technology, and victims' rights.
Currently resides in Newport Coast, California.

Personal Life

Married Stacey in 1987, divorced later, and has three children.
Underwent alcohol rehabilitation at the Betty Ford Center in 2008.

Legal Issues

Faced indictments in 2008 for stock fraud, options backdating, and drug charges.
Stock fraud and options backdating charges dismissed in 2009; drug charges dropped in 2010.
Arrested in Las Vegas in 2018 on suspicion of drug trafficking.
Entered an Alford plea in 2019, agreeing to donate $1 million to a drug treatment program and perform community service; case later dismissed.

How long would it take you to become as rich as Henry Nicholas III?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Henry Nicholas III's net worth of $11.9B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

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Henry Nicholas III is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Henry Nicholas III, Semiconductors is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey