John Abele Explained

John Abele
Birth Place:New London, Connecticut, US
Education:Amherst College
Occupation:Businessman and inventor
Known For:Co-founder of Boston Scientific
Boards:Argosy Foundation
Spouse:Mary Abele
Children:3; including Chris

John E. Abele (born 1937) is an American businessman, and the co-founder and a director of Boston Scientific, a medical device company. He was awarded the ASME Medal in 2010. As of November 2024, he is recognized as a billionaire, with a net worth of approximately $1.9 billion.[1] He was first listed on the Forbes 400 in 1996 as a self-made billionaire.[1] [2] Although he has given away a significant portion of his wealth, he remains Vermont's only billionaire, residing in Shelburne. Through his private family foundation, the Argosy Foundation, Abele has donated over $130 million to charitable causes since 2001.[3]

Biography

Early life and education

Abele was raised in a "Classic Yankee family,"[4] the youngest of three sons of Catherine (née Eaton) and Lieutenant Commander Mannert Lincoln Abele, USN. His father was the commanding officer of the submarine USS Grunion when the vessel was lost in the Aleutians on July 31, 1942, presumably to enemy action.

John and his brothers later organized, managed, and funded research to locate and photograph the Grunion – which was found in the Bering Sea – document the cause, and locate relatives of all the crew.[5] [6] [7] At the age of seven, Abele was stricken with osteomyelitis, a bacterial infection of the bone, requiring multiple surgeries and years of using crutches. He is a graduate of Amherst College with a double major in physics and philosophy (he later was a trustee).[8]

Career

His first job was at a light-fixture company in the Midwest; he later moved back to New England to work for a small medical company near Boston. Soon after he branched out on his own and co-founded Boston Scientific with Peter Nicholas.[9]

He was the chairman of FIRST robotics,[10] and was chairman from 2002 to 2010.[11]

Abele is a member of the USA Science and Engineering Festival's advisory board.[12]

Personal life

Abele is married to Mary Abele.[13] They live in Shelburne, Vermont,[1] and have three children, including Chris Abele. Chris Abele successfully ran for Milwaukee County executive in 2010.[14]

External links

Notes and References

  1. Web site: Forbes profile: John Abele . 14 November 2024 . Forbes.
  2. Web site: 2015-05-05 . John Abele: Always an Educator . 2023-08-26 . mddionline.com . en.
  3. Web site: Staff . A. O. L. . 2024-04-16 . Forbes released its billionaire list. Here's the one Vermont billionaire. . 2024-11-14 . www.aol.com . en-US.
  4. https://www.amherst.edu/aboutamherst/magazine/issues/2009spring/grunion Amherst College: "Flowers on the Water" by Rand Richards Cooper
  5. Book: Stevens, Peter. Fatal Dive: Solving the World War II Mystery of the USS Grunion. Regnery History. 2012. 978-1596987678.
  6. Web site: Long-Lost World War II Sub May Be Found. Charles. Homans. National Public Radio. 2006-08-26. 2007-07-05.
  7. http://www.businessinnovationfactory.com/iss/innovators/john-abele Business Innovation Factory; "Serendipity, Social Networking and Finding a Needle in a Haystack"
  8. Web site: John E. Abele Profile - Forbes.com. Forbes.com. 2010-06-09.
  9. News: Boston Scientific Cofounder John Abele Has Big Ambitions In Retirement. Ebeling. Ashlea. Forbes. 2018-04-06. en.
  10. Web site: USFIRST.org . USFIRST.org . 2010-06-09 . dead . https://web.archive.org/web/20100612212824/http://usfirst.org/aboutus/content.aspx?id=52 . 2010-06-12 .
  11. Web site: John E. Abele. FIRST. 17 August 2011. dead. https://web.archive.org/web/20101226164054/http://usfirst.org/aboutus/content.aspx?id=60. 26 December 2010.
  12. http://www.usasciencefestival.org/about/advisors USA Science and Engineering Festival – Advisors
  13. http://www.bizjournals.com/milwaukee/stories/2002/11/18/story2.html?page=all Greater Milwaukee Business Journal: "Foundation moving to Milwaukee – Chris Abele to head family's philanthropy" by Pete Millard
  14. http://www.jsonline.com/news/statepolitics/112081989.html Milwaukee Journal Sentinel: "Sources say Abele planning to run for Milwaukee County executive" By Daniel Bice