Ray Dolby Net Worth
Ray Dolby Net Worth: Ray Milton Dolby was an American engineer and inventor who had a net worth of $2.4 billion. Ray Dolby gained his wealth and worldwide recognition as the inventor of Dolby NR noise reduction and the founder and chairman of Dolby Laboratories. He was born on 18 January 1933 in Portland, United States, but grew up in San Francisco. He studied at Stanford University and received a bachelor degree in electrical engineering. Afterwards, he won the Marshall Scholarship for a PhD in 1961. He completed his post-graduation from the University of Cambridge. During his stay at Stanford, Ray Dolby got an opportunity to work on prototypes of video recorder cassettes for Ampex Charlie Ginsburg and Alexander M. Poniatoff. After finishing his studies, he managed to find a job as a technical adviser for the United Nations in India. He continued to work there until 1965 and then moved to England and invented Dolby Laboratories. The same year he succeeded to invent the Dolby sound system. He received the honorary title of an officer from the British Empire in 1986. Ray Dolby also received the US technology award in 1997. In 2004, he got admission into the Hall of Honor of the inventors. He also chaired the Audio Engineering Society. On 12 September 2013, he died at his home, in San Francisco. Dolby noise reduction is a unique technology that is still in use. With the help of this technology, it is possible to compress the dynamic sound range and to extend it in playback.