How rich is Alfred E. Mann?
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In 1956, Mann founded Spectrolab, the very first of his aerospace firms. While at Spectrolab, an electrooptical systems business, he also founded Heliotek, a semiconductor firm, that became an important provider of solar cells for spacecraft. Among other achievements during his tenure, Mann’s businesses supplied the electric power for over 100 spacecraft and built among the lunar experiments. It’s now part of St. Jude Medical. Mann subsequently went to create MiniMed (insulin pumps and continuous glucose apparatus, now possessed by Medtronic) and Advanced Bionics (neuroprosthetics), that has been possessed by Boston Scientific from 2004-2008. Boston Scientific as well as the Advanced Bionics direction had agreed to divide the business. Under this particular schism, Boston Scientific would possess the pain management as well as other nerve stimulus parts and Advanced Bionics would concentrate on developing, manufacturing and spreading cochlear implants for the restoration of hearing to the deaf.