What is Leonard Bosack's Net Worth?
Leonard Bosack is an American businessman and entrepreneur who has a net worth of $200 million. Leonard Bosack was born in 1952 in Pennsylvania. He is best known as cofounder (along with his wife Sandy Lerner) of Cisco Systems, an American-based multinational corporation that designs and sells consumer electronics, networking and communications technology and services. Bosack was awarded the Computer Entrepreneur Award in 2009 for cofounding Cisco Systems and pioneering and advancing the commercialization of routing technology and the profound changes this technology enabled in the computer industry. In 1990, Cisco's management fired his wife Sandy Lerner, and Bosack resigned. Bosack is currently the CEO of XKL LLC, a privately funded engineering company which explores and develops optical networks for data communications. During his time at Stanford University in his youth, he was credited for becoming a support engineer for a 1981 project to connect all of Stanford's mainframes, minis, LISP machines and Altos.
Bosack is largely responsible for first pioneering the widespread commercialization of local area network (LAN), which was unheard of technology at the time. His contribution was to work on the network router that allowed the computer network to share data from the Computer Science Lab with the Business School's network. He met his wife Sandra Lerner at Stanford, where she was the manager of the Business School lab, and the couple married in 1980. Together, in 1984, they started Cisco in Menlo Park-or so the story goes. There were accusations surrounding Bosack and his wife being solely credited for the invention of the protocol router and starting Cisco basically in their living room with their own money. Reportedly, Stanford University's web site credits only Bosack and Lerner with developing the device that allowed computer networks to communicate intelligently with one another, despite Cisco spokeswoman Jeanette Gibson's claim that it was obviously a group effort.
