"Ray Milton Dolby", Order of the British Empire/OBE was an Americans/American engineer and inventor of the Noise (electronics)/noise reduction system known as Dolby noise-reduction system/Dolby NR. He helped develop the video tape recorder 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 although as of September 2012 it was estimated to have declined to $2.4 billion.If you enjoy these quotes, be sure to check out other famous inventors! More Ray Dolby on Wikipedia.