Fender is widely regarded as the most popular bass manufacturer in the world. The company was founded in 1946 by Leo Fender, and its Precision Bass, introduced in 1951, is considered to be the first commercially successful solid-body electric bass guitar. Fender basses have been used by some of the most iconic bassists in history, including James Jamerson, Jaco Pastorius, and Flea. The company also produces a wide variety of other bass guitars, including the Jazz Bass, the Mustang Bass, and the Telecaster Bass.