Bill Austin Net Worth (Updated 2025).

Bill Austin, a name synonymous with audiology, began his career in the most humble of settings – his father’s garage in Los Angeles. With a passion for helping others and a knack for tinkering with electronics, Austin started his journey by repairing hearing aids for his father, a hearing aid dispenser. This hands-on experience sparked an interest in the science behind hearing loss and its correction, setting the stage for his future endeavors.

Austin’s big break came when he invented the first in-the-canal hearing aid in 1962, revolutionizing the industry. This innovative design, which fit entirely within the ear canal, was a significant improvement over the bulky devices of the time. The success of this invention catapulted Austin to fame, earning him numerous accolades and establishing him as a pioneer in the field of audiology.

Bill Austin’s Current Net Worth (2025)

As of 2025, Bill Austin’s current net worth is approximately $3.5 billion. This significant wealth is primarily attributed to his successful career in the hearing aid industry.

Career

Bill Austin, the founder of Starkey Hearing Technologies, has spent over five decades in the hearing aid industry. He started his career as a hearing aid specialist in 1967 and later founded Starkey in 1973. Under his leadership, Starkey has grown into one of the largest hearing aid manufacturers in the world.

Other Ventures

Besides Starkey, Austin has also invested in various other ventures. He is a partner in the Minnesota Timberwolves NBA team and has interests in real estate and philanthropic initiatives. His Austin Foundation, established in 1984, focuses on supporting hearing health causes and community development.

Assets

Bill Austin’s assets include his majority stake in Starkey Hearing Technologies, valued at over $2 billion. He also owns several properties across the United States, including a mansion in Minnesota worth around $10 million. His extensive art collection, featuring works by renowned artists like Andy Warhol and Roy Lichtenstein, is another significant asset.

Annual Income

As the majority owner of Starkey, Bill Austin’s annual income is substantial. While the exact figure is not publicly disclosed, industry estimates suggest it could be in the range of $50 million to $100 million per year, depending on Starkey’s performance and other factors. This places him among the highest-paid CEOs in the healthcare industry.

Frequently Asked Questions about  Bill Austin

Frequently Asked Questions: Bill Austin Net Worth

1. What is Bill Austin’s net worth?

Bill Austin’s net worth is estimated to be around $7 billion.

2. How did Bill Austin make his fortune?

Bill Austin made his fortune by founding the hearing aid company Starkey Hearing Technologies in 1967. He also has investments in various other businesses.

3. Is Bill Austin the founder of Starkey Hearing Technologies?

Yes, Bill Austin is the founder of Starkey Hearing Technologies.

4. What is Bill Austin’s role at Starkey Hearing Technologies?

Bill Austin serves as the Executive Chairman of Starkey Hearing Technologies.

5. How many hearing aid units does Starkey produce annually?

Starkey produces over 5 million hearing aid units annually.

6. What is the Austin Hearing Research Center?

The Austin Hearing Research Center is a non-profit organization founded by Bill Austin to support hearing loss research and treatment.

7. How much has Bill Austin donated to charity?

Bill Austin has donated over $100 million to various charitable causes, including hearing loss research and treatment, education, and community development.

8. What is the Bill & Tani Austin Scholarship Fund?

The Bill & Tani Austin Scholarship Fund provides financial assistance to students with hearing loss pursuing higher education.

9. Where is Bill Austin based?

Bill Austin is based in Eden Prairie, Minnesota, where Starkey Hearing Technologies is headquartered.

10. What is Bill Austin’s age?

Bill Austin was born on January 14, 1937, making him 85 years old as of 2022.