Ray Milton Dolby, died in the age of 88 in 12th September 2013. He was an American engineer and inventor of the noise reduction system known as Dolby NR. He was also a co-inventor of video tape recording while at Ampex. He was the founder of Dolby Laboratories. He was also a billionaire and a member of the Forbes 400 with an estimated net worth of US$2.9 billion in 2008.
"We lost a friend, mentor and true visionary".Neil Portnow, president of the National Academy of Recording Arts and Sciences, said Dolby had "changed the way we listen to music and movies for nearly 50 years" and that Dolby's "technologies have become an essential part of the creative process for recording artists and filmmakers, ensuring his remarkable legacy for generations to come."
Source: Wikipedia
