BillionaireNet
Kiani
Joe Kiani
Rank #2918
UNITED STATESHealthcareMedical devices

Joe Kiani

Net Worth
$1.155B
+0.38% (24h)
Joe Kiani is an Iranian-American engineer and entrepreneur renowned for his contributions to medical technology. As the founder of Masimo Corporation in 1989, he revolutionized patient monitoring with innovative non-invasive technologies, particularly pulse oximetry. Kiani's drive to improve healthcare led to the development of Signal Extraction Technology (SET), which significantly enhanced the accuracy of patient monitoring. His career includes over 600 patents and innovations used on over 200 million patients annually. In 2024, Kiani resigned as CEO of Masimo, and was listed on the Forbes Billionaires list.

The Full Dossier

Early Life

Joe Kiani was born in Shiraz, Iran, on September 16, 1964. At age nine, he immigrated to the United States with his family, settling in Huntsville, Alabama. His father was an engineer, and his mother was a nurse. Kiani displayed exceptional academic ability, graduating high school at fifteen.

Education and Early Career

Kiani pursued higher education at San Diego State University (SDSU), earning bachelor's and master's degrees in electrical engineering by age 22. He then entered the electronics industry.

Rise to Success with Masimo

In 1989, Kiani founded Masimo, a medical technology company. Masimo developed non-invasive patient monitoring technologies, including pulse oximetry. Kiani and his team invented Masimo SET (Signal Extraction Technology), which improved the accuracy of pulse oximetry, particularly in challenging conditions. Masimo's products are used to monitor over 200 million patients worldwide. In September 2024, Kiani resigned as CEO of Masimo.

Philanthropy and Achievements

Kiani founded the Patient Safety Movement Foundation in 2012 to eliminate preventable patient deaths. He has received numerous awards for his contributions to healthcare. Kiani was appointed to the President's Council of Advisors on Science and Technology (PCAST) in 2021. In 2024, his W1 Medical Watch was named one of TIME's Best Inventions.

Career Timeline

2024

Resigned as CEO of Masimo

Resigned from the CEO position at Masimo.

2021

Appointed to PCAST

Appointed to the President's Council of Advisors on Science and Technology.

2012

Founded the Patient Safety Movement Foundation

A non-profit organization dedicated to eliminating preventable patient deaths.

1989

Founded Masimo Corporation

Established a medical technology company specializing in non-invasive patient monitoring technologies.

Philanthropic Impact

HealthcareUndisclosed

Patient Safety Movement Foundation

Dedicated to reducing preventable patient deaths.

Healthcare$10M

Masimo Foundation

Funding to create the Masimo Foundation for Ethics, Innovation, and Competition in Healthcare.

Wealth Trajectory