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Ray Dolby, who pioneered a sound technology, passed away at the age of 80. He was suffering from Alzheimer's disease and acute leukemia.
The founder of US audio company Dolby Laboratories died Thursday here, reports Forbes.com
His work revolutionised movie theatre experience. He started with Stanley Kubrick's "A Clockwork Orange" in 1971 and matured with "Star Wars" and "Close Encounters of the Third Kind" in 1977.
Dolby reportedly had a fortune of $2.4 billion at the time of death.
With his death, Dagmar, Dolby's wife of 47 years, assumes his fortune. They have two sons Tom and David.
