OC’s Wealthiest 2024: JOE KIANI

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JOE KIANI
FOUNDER, CEO, CHAIRMAN
MASIMO CORP.

THE MONEY: Co-founded medical monitoring device company in 1989. Has a roughly 8.5% stake—currently worth about $485M—in $5.7B billion firm (Nasdaq: MASI). An undisclosed bidder is offering between $850M to $950M for a majority stake in Masimo’s consumer unit that may spin out. Kiani is involved in other privately held medical device companies, such as Irvine’s Cercacor, which he owns, and is believed to have significant holdings and assets outside of Masimo stock. Facing proxy battle where he might lose his company.

AMERICAN SUCCESS STORY: Left native Iran at age 9 when he knew only three words of English. Believed in a new way to improve accuracy of patient monitoring by using what is called adaptive signal processing. Masimo has 500-plus patents, including more than 100 in Kiani’s name. Suing Apple over patent infringements.

PHILANTHROPY: Has passion for children, health and poverty alleviation. Started foundation to help hospitals achieve zero preventable deaths. Close relationship with both Joe Biden and Bill Clinton.

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Sonia Chung joined the Orange County Business Journal in 2021 as their Marketing Creative Director. In her role she creates all visual content as it relates to the marketing needs for the sales and events teams. Her responsibilities include the creation of marketing materials for six annual corporate events, weekly print advertisements, sales flyers in correspondence to the editorial calendar, social media graphics, PowerPoint presentation decks, e-blasts, and maintains the online presence for Orange County Business Journal’s corporate events.