Rank #171
Stephen Ross
Net worth $17.0B
Real estate · United States
- Born
- May 10, 1940
- Age
- 86
- Source
- Real estate
- Residence
- New York, New York
- Citizenship
- United States
- Marital status
- Married
- Children
- 4
- Education
- Master of Laws, New York University; Bachelor of Arts/Science, University of Michigan; Doctor of Jurisprudence, Wayne State University
Net worth over time
Biography
- Real estate and sports magnate Stephen Ross was a tax attorney before founding Related Companies in 1972 as an affordable housing developer.
- In all, Related has developed or acquired more than $60 billion worth of properties of all kinds from California to Abu Dhabi to London.
- After a decade of planning and construction, Related Co.'s Hudson Yards on Manhattan's west side opened to the public in March 2019.
- In July 2024, Ross formed a new real estate firm, Related Ross, in West Palm Beach, Florida.
- Ross also owns a stake in the Miami Dolphins NFL team and the Formula One Miami Grand Prix, plus stakes in Equinox Fitness and SoulCycle.
- In December 2024, he sold a 13% stake in the Dolphins, the Miami Grand Prix and the Miami Open to Ares Management and the owners of the NBA's Brooklyn Nets at an $8.1 billion valuation.
- The single largest donor to alma mater University of Michigan, Ross has given a total of $480 million, including $100 million announced in February 2020.
- Ross' uncle, oil tycoon Max Fisher, was on The Forbes 400 for 23 years until his death in 2005.