Rank #526
Steven Rales
Net worth $7.4B
Manufacturing, investments · United States
- Born
- Mar 31, 1951
- Age
- 75
- Source
- Manufacturing, investments
- Residence
- Santa Barbara, California
- Citizenship
- United States
- Marital status
- Married
- Children
- 3
- Education
- Law Degree, American University; Bachelor of Arts/Science, DePauw University
Net worth over time
Biography
- Steven Rales and his brother Mitchell acquired a REIT in 1983 and merged it into their firm Danaher, named after a Montana creek.
- Focused on tax avoidance and cash flow, they acquired more than three dozen companies and turned Danaher into a diversified firm.
- Rales serves as chairman of the board at Danaher, which had around $24 billion in sales in 2024.
- In 2021, he and his brother each transferred Danaher shares worth more than $1.5 billion to their charitable foundations.
- In 2023, Rales purchased an additional 15% stake in the NBA's Indiana Pacers; he now owns 20% of the franchise.
- His production company Indian Paintbrush funded some of Wes Anderson's movies, such as "Isle of Dogs", "Moonrise Kingdom" and "The Grand Budapest Hotel."
- His brother Mitchell Rales showcases his extensive art collection in a state of the art museum in Maryland.
Financial assets
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