Joe Kiani
$1.1B
Born
Sep 16, 1964
Age
61
Source of Wealth
Medical devices
Residence
Irvine, California
Citizenship
United States
Marital Status
Married
Children
3
Education
Bachelor of Engineering, San Diego State University; Master of Science in Engineering, San Diego State University
- Joe Kiani founded medical technology firm Masimo Corp., whose devices non-invasively measure oxygen levels in patients' blood in 1989.
- Kiani was ousted from Masimo's board and resigned as CEO in September 2024 after activist shareholders won a proxy fight.
- An immigrant from Iran who studied electrical engineering in the U.S., Kiani came up with a way to vastly improve the performance of pulse oximeters early in his career.
- Following years of struggle to break into the U.S. hospital market, Masimo became the leader in pulse oximetry for hospitals.
- In 2022, Kiani led Masimo to purchase Sound United, owner of speaker and headphone brands Marantz, Denon, Bowers & Wilkins and more, for about $1 billion.
- Kiani now serves as executive chairman of Willow Labs, which is rolling out techn to nudge people to improve their metabolic health, and as chairman of Like Minded Labs, which launched a virtual collaboration platform.
- Kiani's family moved from Iran to Alabama in 1974 for his dad's engineering studies; for a year they lived in a housing project in Huntsville.
- Kiani finished high school near San Diego at age 15 and graduated from San Diego State University with a master's degree in engineering at age 22.
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