In 1965, he founded Dolby Laboratories in London, England. The company became a leader in audio technology, reducing background hiss in tape recordings and introducing "surround sound".
Forbes magazine estimated Dolby's fortune to be at $2.4 billion.
Created the Dolby NR that pioneered in noise reduction and surround sound which led to the development of many state-of-the-art technologies, for which he held more than 50 U.S. patents.
Attended and graduated from Sequoia High School in Redwood City, California.
Received his B.S. degree in electrical engineering from Stanford University in Stanford, California (1957).