Joe Kiani
$1.2B
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 and ran medical technology firm Masimo Corp., whose devices non-invasively measure oxygen levels in patients' blood.
- Kiani was ousted from Masimo's board in September 2024 after activist shareholders won a proxy fight; Kiani also resigned as the company's CEO.
- Kiani, an immigrant from Iran who studied electrical engineering in the U.S., early on came up with a way to vastly improve the performance of pulse oximeters.
- 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 is now CEO of Willow Labs, a group that has created a mobile phone app for healthy living.
- 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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