Steven Rales
$8.5B
Born
Mar 31, 1951
Age
74
Source of Wealth
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
- 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.
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