John Abele Net Worth, Achievements & Personal Life

John Abele Net Worth  $3.3 Billion

American entrepreneur John Abele is the co-founder of Boston Scientific and has an estimated net worth of more than 3 billion dollars (according to Forbes magazine).

As one of the richest men in Massachusetts, he has been serving as the director of the medical device company since 1979. However, he had held several other important positions at the renowned company.

Mr. Abele served as the Treasurer from 1979 to 1992 and occupied the co-chairman’s slot from 1979 to 1995. He was the vice-chairman and founder, of the office of the chairman, serving in this position from February 1995 until March 1996.

This seasoned businessman is also the investing genius that owns and manages a 120-room conference center in Ontario known as The Kingbridge Center and Institute.

The center provides special services and research to a variety of sectors, including business, academia, and government.

From 1970 to 1983, he played the role of President at Medi-tech. Earlier on, he worked with Advanced Instruments where he served in the sales, technical, and general management posts.

A graduate of Amherst College with a bachelor’s degree in Physics and Philosophy, Mr. John Abele served as a trustee for his alma mater.

Currently, he leads the Board of F.I.R.S.T. (For Inspiration and Recognition of Science and Technology) as the chairman.

He is also a member of the board of a long list of other non-profit organizations. His contributions to various academic and economic endeavors have also been noticed as he has on many occasions been recognized for his achievements in the medical science field where he invented, developed, and introduced a sparkling new technology to society.

Continue reading this essay to find out many more interesting facts about John Abele who was awarded the ASME Medal in 2010.

Early Life: Childhood, Education

John E. Abele was born in the United States in the year 1937. The youngest of three sons of Lieutenant Commander Mannert Lincoln Abele, USN, and Catherine (née Eaton), he was raised in a “Classic Yankee family”.

At the age of seven, John was afflicted with osteomyelitis, a bacterial infection of the bone that required him to undergo multiple surgeries and make use of crutches for many years.

He attended Amherst College for his tertiary education, graduating with a double major in physics and philosophy, before returning to the institution years later to serve as a trustee.

Professional Life: Business Career

John initially worked at a light-fixture company in the Midwest before moving to New England to spend a short time working for a small medical company near Boston.

With the knowledge he had garnered in the years that followed after his graduation from Amherst College, he branched out on his own and worked with Peter Nicholas to co-found Boston Scientific.

Among other things, John is recognized for the vital role he plays as the chairman of the board of directors of F.I.R.S.T. (For Inspiration and Recognition of Science and Technology) robotics.

He was also the organization’s chairman from 2002 to 2010. In addition, he is recognized for his membership in the United States Science and Engineering Festival’s Advisory Board.

He is, without a doubt, one of the most talented men in his field, and the awards and accolades he garners for doing his job perfectly attest to that.

Achievements: Awards & Honors

Recognized for considerable accomplishments in the field of medical science, Mr. John Abele has received a number of awards in his lifetime, including honors from the American Institute for Medical and Biomedical Engineering and a Fellowship in the Society of Interventional Radiology.

The Northeastern University and Wentworth Institute of Technology have also honored him by presenting him with honorary Doctors of Science.

Some other accolades to his name are the Gold Medal Awards from the Cardiovascular and Interventional Radiological Society of Europe and the Society of Interventional Radiology.

In addition to numerous other honors, he is also a recipient of the Pioneer in Endoscopy Award, presented by the Society of American Gastrointestinal and Endoscopic Surgeons in 2007.

Personal Life: Wife, Children, Private Interests

This entrepreneur has been married to his spouse Mary Abele for many years. The couple has three children: Chris Abele, Alex Abele, and Jennifer Abele. The most notable of his three children is Chris who successfully ran for Milwaukee County executive in 2010.

John Abele Net Worth: Salary, Assets, Income Sources

With his net worth pegged to 3.3 billion dollars, John Abele’s primary source of income as of the current time is his company Boston Scientific Corporation which he currently leads as the chairman.

After serving as the chairman of F.I.R.S.T. (For Inspiration and Recognition of Science and Technology) for a while, he is now the vice-chairman of the organization, as well as the chairman of the Governance Committee.

A resident of Boston, Massachusetts, Mr. John Abele is considered one of the richest people in the state.