Bose Corporation founder and chairman Amar Bose (Amar Gopal Bose) dies at age 83.
Amar Gopal Bose, the visionary engineer, inventor and billionaire entrepreneur whose namesake company, the Bose Corporation, became synonymous with high-quality audio systems and speakers for home users, auditoriums and automobiles, died on Friday at his home in Wayland, Mass. He was 83.
Bose’s death was announced Friday by the company’s president, Bob Maresca, and the Massachusetts Institute of Technology (MIT), where Bose began his acoustics research and was on the faculty for more than 40 years.
As founder and chairman of the privately held company, Dr. Bose focused relentlessly on acoustic engineering innovation. His speakers, though expensive, earned a reputation for bringing concert-hall-quality audio into the home.
And by refusing to offer stock to the public, Dr. Bose was able to pursue risky long-term research, such as noise-canceling headphones and an innovative suspension system for cars, without the pressures of quarterly earnings announcements.
In the year 2007 he was listed in Forbes 400 as 271st richest man in the world, with a net worth of $1.8 billion. In 2009, he had dropped off the billionaire list, and made it back onto the list in 2011, with a net worth of $1.0 billion.