4 days ago

From Radio Repair Teen to Billionaire Bose Audio Pioneer

From Radio Repair Teen to Billionaire Bose Audio Pioneer
A freedom fighter’s son went from fixing radios at 13 to becoming a billionaire · financialexpress.com

Amar Bose grew up in Philadelphia in a family that faced financial hardship and racism.

When he was 13, he started fixing radios in his parents’ basement to help earn money.

He became very interested in electronics and classical music.

After studying at MIT, he noticed that expensive speakers did not sound as good as he expected.

This made him research how people hear sound.

He started Bose Corporation in 1964 to develop new audio technology.

His company later became famous for speakers and noise-cancelling headphones.

Bose also taught at MIT for about 45 years.

Before he died in 2013, he gave most of his company’s stock to MIT to support education.

Key facts

Birth
November 2, 1929
Early business
Bose began repairing radios in his parents’ Philadelphia basement at age 13.
Education
He earned bachelor’s, master’s, and doctoral degrees in electrical engineering from the Massachusetts Institute of Technology.
Company founded
Bose Corporation was founded in 1964.
MIT teaching career
Bose taught at MIT for about 45 years, continuing until 2001.
Estimated net worth
Forbes estimated his net worth at $1.8 billion in 2007 and $1 billion in 2011.
MIT donation
He gave MIT the majority of Bose Corporation’s stock as non-voting shares.

Quotes

Amar Gopal Bose

Bose Corporation founder and MIT electrical-engineering professor describing his disappointment with a high-fidelity stereo system.

“This proud MIT graduate, professor and innovator was a true giant who over decades enriched the Institute he loved with his energy, dedication, motivation and wisdom. I have never known anyone like him.”
financialexpress.com
“Why did so much of what I had been taught say it should be good, when my ears said it wasn’t?”
financialexpress.com

Sources

Related news