Amar Bose’s profile picture

Amar Bose

Amar Bose’s profile picture
Net worth 2018: $1 Billion
Industry: Manufacturing
Country: United States
BirthDay: 2 November 1929
Died On: 12/07/2013
Children: 2
Education: Bachelor of Arts / Science, Massachusetts Institute of Technology; Doctorate, Massachusetts Institute of Technology
BIOGRAPHY

Amar Bose was bornon 2 November 1929 in United States. Former violin player Amar Bose started repairing radios in high school, after WWII depressed father's import business. Fulbright scholar earned Ph.D. in electrical engineering from MIT. Began research on hi-fi sound. Started Bose Corp. 1964. First contracts with NASA, U.S. military improving audio communications. Built brand on groundbreaking loudspeaker design. Today Bose iPod docks, surround-sound home entertainment speaker systems and noise-canceling headphones dominate market; its loudspeakers are used in Sistine Chapel, several Olympic stadiums. Launched VideoWave TV last year, incorporating state-of-the-art speaker technology into 46" flat screen LCD. Sales believed to exceed $2 billion, today has 126 stores in North America. National Inventors Hall of Fame inductee enjoys badminton, wears nametag around the office like all other employees.

NET WORTH STATISTIC
2011

$1 Billion

2018

$1 Billion

TIMELINE
2016

The company Bose founded employed 11,700 people worldwide as of 2016 and produces products for home, car, and professional audio, as well as conducting basic research in acoustics and other fields

2013

Bose died on July 12, 2013 at the age of 83 in Wayland, Massachusetts

2011

In 2011, Bose donated a majority of the company's non-voting shares to MIT on the condition that the shares never be sold

2009

In 2009, he was no longer on the billionaire list, but returned to the list in 2011, with a net worth of $1

2007

"In 2007, he was listed in Forbes 400 as the 271st richest man in the world, with a net worth of $1

2004

In a 2004 interview in Popular Science magazine, he said: "I would have been fired a hundred times at a company run by MBAs

2001

In addition to running his company, Bose remained a professor at MIT until 2001

1989

The Bose Award for Excellence in Teaching (1989), and later the Junior Bose Award (1995) were established in his honor, to recognize outstanding teaching in the MIT School of Engineering

1980

"Starting in the 1980s, Bose developed an electromagnetic replacement for automotive shock absorbers, intended to radically improve the performance of automotive suspension systems, absorbing bumps and road shock while controlling car body motions and sway

1964

For initial capital to fund his company in 1964, Bose turned to angel investors, including his MIT thesis advisor and professor, Y

1963

He earned the Baker Teaching Award in 1963–64, and further teaching awards over the years

1956

During his early years as a professor, Bose bought a high-end stereo speaker system in 1956 and he was disappointed to find that speakers with impressive technical specifications failed to reproduce the realism of a live performance

1950

After graduating from Abington Senior High School in Abington, Pennsylvania, Bose enrolled at the Massachusetts Institute of Technology, graduating with a BS (Bachelor of Science) in Electrical Engineering in the early 1950s

1929

Ursula Boltzhauser (widowed)Amar Gopal Bose (November 2, 1929 – July 12, 2013) was an American academic and entrepreneur of Indian descent

1920

His father was an Indian freedom revolutionary who, having been imprisoned for his political activities, fled Bengal in the 1920s in order to avoid further persecution by the British colonial police

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