Billionaire Broadcom founder Henry Nicholas arrested on drug charges in Las Vegas

Henry Nicholas (Photo: Las Vegas Metropolitan Police Department)

Henry Nicholas III, the billionaire co-founder of Broadcom, was arrested in Las Vegas this week on several drug charges, according to authorities.

Officers responded to a resort on the Las Vegas Strip at about 7:30 p.m. Tuesday, Aug. 7, after hotel security reported finding "contraband" in a room, a Las Vegas Metropolitan Police spokesman said in an email.

"During the course of the investigation, probable cause was found to arrest Henry Nicholas and Ashley Fargo" on suspicion of trafficking heroin, methamphetamine, cocaine and MDMA, police say.

No other details were provided. Nicholas' attorney, David Chesnoff, says his team is doing its own investigation, according to the Associated Press.

Nicholas is the co-founder of Broadcom Corporation, which makes products for wireless and broadband communications. Forbes estimates his net worth at $3.1 billion as of Aug. 10.

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