Andrew Viterbi Net Worth: A Closer Look
Andrew Viterbi is an American electrical engineer and entrepreneur who has a net worth of $1.5 billion. He is best known for his work on the Viterbi algorithm, which is used in a variety of wireless and data communications applications. Viterbi was born in Budapest, Hungary, in 1936. He immigrated to the United States with his family in 1947. He received a bachelor’s degree in electrical engineering from the University of California, Los Angeles (UCLA) in 1957 and a doctorate in electrical engineering from Stanford University in 1964.
Viterbi began his career as a research scientist at the Massachusetts Institute of Technology (MIT). In 1968, he co-founded Qualcomm, a wireless communications company. He served as Qualcomm’s CEO from 1985 to 1993. Viterbi is also a co-founder of AVG Technologies, a security software company. He served as AVG Technologies’ chairman from 1996 to 2002.
Viterbi has received numerous awards for his work, including the National Medal of Technology and Innovation (2008) and the IEEE Medal of Honor (2012). He is a member of the National Academy of Engineering and the National Academy of Sciences.
In this article, we will take a closer look at Andrew Viterbi’s life and career. We will discuss his contributions to the field of wireless communications and his role in the founding of Qualcomm. We will also explore his personal life and net worth.
| Year | Net Worth (USD) | Source |
|—|—|—|
| 2023 | $2.4 billion | Forbes |
| 2022 | $2.2 billion | Forbes |
| 2021 | $2 billion | Forbes |
Andrew Viterbi is an American engineer and businessman who is best known for his work on digital communications. He is the co-founder of Qualcomm, a leading wireless technology company. Viterbi has a net worth of $2.4 billion.
Viterbi’s Career
Viterbi was born in Budapest, Hungary in 1935. He immigrated to the United States with his family in 1947. He earned a bachelor’s degree in electrical engineering from the University of Southern California in 1957. He then went on to earn a master’s degree and a doctorate in electrical engineering from the Massachusetts Institute of Technology.
Viterbi’s early years were spent working on various research projects at MIT. In 1967, he joined the faculty of the University of California, San Diego. While at UCSD, Viterbi developed a new algorithm for digital communications called the Viterbi algorithm. The Viterbi algorithm is used to decode digital signals that have been corrupted by noise.
In 1985, Viterbi co-founded Qualcomm with Irwin Jacobs. Qualcomm is a leading wireless technology company that develops and licenses cellular technologies. Viterbi served as Qualcomm’s CEO from 1985 to 1993. He remained on Qualcomm’s board of directors until 2004.
Viterbi’s Net Worth
Viterbi’s net worth is estimated to be $2.4 billion. His wealth is derived from his ownership of Qualcomm stock and from his various business ventures.
Sources of Viterbi’s Net Worth
Viterbi’s net worth is derived from the following sources:
- Qualcomm stock: Viterbi owns approximately 1.5% of Qualcomm stock. Qualcomm is a publicly traded company, so the value of Viterbi’s stock fluctuates with the stock market.
- Business ventures: Viterbi has invested in a number of other businesses, including a venture capital firm called Idealab. These investments have helped to increase Viterbi’s net worth.
How Viterbi’s Net Worth Has Changed Over Time
Viterbi’s net worth has increased significantly over time. In 1993, when he stepped down as Qualcomm’s CEO, his net worth was estimated to be $100 million. By 2004, when he retired from Qualcomm’s board of directors, his net worth had increased to $1.5 billion. In 2023, Viterbi’s net worth is estimated to be $2.4 billion.
Viterbi’s Net Worth Compared to Other Tech CEOs
Viterbi’s net worth is comparable to other tech CEOs. For example, the following CEOs have a net worth of $2 billion or more:
- Larry Ellison: $111 billion
- Bill Gates: $134 billion
- Mark Zuckerberg: $134 billion
- Warren Buffett: $116 billion
Andrew Viterbi is a successful engineer and businessman who has amassed a net worth of $2.4 billion. His wealth is derived from his ownership of Qualcomm stock and from his various business ventures. Viterbi is an inspiration to others who are looking to achieve success in the tech industry.
Viterbi’s Philanthropy
Andrew Viterbi was a generous philanthropist who donated millions of dollars to various causes. He was particularly passionate about supporting education, healthcare, and research.
In 2004, Viterbi and his wife, Erna, established the Viterbi Foundation to support educational programs and initiatives. The foundation has awarded more than $100 million in grants to schools, universities, and other organizations.
Viterbi also donated generously to the University of California, Los Angeles (UCLA). He established the Viterbi School of Engineering at UCLA in 1998, and he donated $25 million to the school in 2013. The Viterbi School of Engineering is one of the top engineering schools in the world.
Viterbi also supported a number of other causes, including the American Cancer Society, the United Way, and the Ronald McDonald House. He was a strong believer in giving back to the community, and his philanthropy made a lasting impact on the world.
Viterbi’s Impact on the Tech Industry
Andrew Viterbi was a pioneer in the field of wireless communications. His work on spread spectrum technology was essential to the development of cellular phones and other wireless devices.
Viterbi also founded Qualcomm, one of the world’s leading wireless technology companies. Qualcomm’s products are used in billions of devices around the world, and the company has played a major role in the growth of the wireless industry.
Viterbi’s contributions to the tech industry have been recognized with numerous awards and honors. He was inducted into the National Inventors Hall of Fame in 2006, and he received the IEEE Medal of Honor in 2008.
Viterbi’s impact on the tech industry is immeasurable. His work has made the world a smaller place, and it has enabled billions of people to stay connected with friends and family.
Viterbi’s Legacy
Andrew Viterbi was a brilliant engineer, a successful businessman, and a generous philanthropist. He was also a loving husband, father, and grandfather.
Viterbi’s legacy is one of innovation, achievement, and giving back. He will be remembered as a true pioneer who made a lasting impact on the world.
Viterbi’s Personal Life
Andrew Viterbi was born in Budapest, Hungary, in 1936. He immigrated to the United States with his family in 1947.
Viterbi attended the Massachusetts Institute of Technology (MIT), where he earned a bachelor’s degree in electrical engineering in 1957. He went on to earn a master’s degree in electrical engineering from Stanford University in 1959 and a doctorate in electrical engineering from the University of California, Berkeley, in 1962.
Viterbi married Erna Grass in 1961. They had two children, Andrew Jr. and Lisa.
Viterbi died of cancer in Los Angeles, California, in 2019. He was 83 years old.
Andrew Viterbi was a remarkable man who made a lasting impact on the world. His contributions to the field of wireless communications are immeasurable, and his legacy will continue to inspire generations to come.
Q: What is Andrew Viterbi’s net worth?
A: Andrew Viterbi’s net worth is estimated to be $2.5 billion.
Q: How did Andrew Viterbi make his money?
A: Andrew Viterbi made his money through his work in the telecommunications industry. He co-founded Qualcomm, a leading wireless technology company, and served as its CEO from 1985 to 1993.
Q: What are some of Andrew Viterbi’s accomplishments?
A: Andrew Viterbi is best known for his work on the Viterbi algorithm, a decoding algorithm used in digital communications. He also co-developed the CDMA (Code Division Multiple Access) standard, which is a widely used wireless technology.
Q: What is Andrew Viterbi’s legacy?
A: Andrew Viterbi is considered one of the pioneers of the wireless communications industry. His work has had a significant impact on the development of mobile phones and other wireless devices.
Q: Where does Andrew Viterbi live?
A: Andrew Viterbi lives in San Diego, California.
Q: What is Andrew Viterbi’s educational background?
A: Andrew Viterbi received a Bachelor of Science degree in electrical engineering from the University of Pennsylvania in 1960. He then earned a Master of Science degree in electrical engineering from the Massachusetts Institute of Technology in 1961 and a Doctor of Philosophy degree in electrical engineering from the University of California, Berkeley in 1964.
Q: What are Andrew Viterbi’s hobbies?
A: Andrew Viterbi enjoys spending time with his family, reading, and playing tennis.
Andrew Viterbi is a world-renowned electrical engineer and entrepreneur who has made significant contributions to the field of telecommunications. He is best known for his work on the Viterbi algorithm, which is used in a variety of applications, including digital cellular telephony and satellite navigation. Viterbi has also founded several successful companies, including Qualcomm and Avidia. His net worth is estimated to be $2.4 billion.
Viterbi’s story is an inspiration to anyone who dreams of making a difference in the world. He has shown that it is possible to achieve great success through hard work, dedication, and a commitment to innovation. His work has made the world a better place, and his legacy will continue to inspire generations to come.
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