Stephen Ross Net Worth

What is Stephen Ross’s Net Worth?

Stephen Ross, a real estate developer, philanthropist, and sports team owner, has an estimated net worth of $10 billion. He is the chairman and majority owner of the Related Companies, a renowned real estate firm known for its development projects such as the Deutsche Bank Center and Hudson Yards. Ross also owns the NFL’s Miami Dolphins and Hard Rock Stadium and is a significant benefactor to the University of Michigan, his alma mater.

Highlights

• Stephen Ross has a net worth of $10 billion
• Chairman and majority owner of the Related Companies
• Owner of the NFL’s Miami Dolphins and Hard Rock Stadium
• Philanthropist and benefactor of the University of Michigan

Early Life

Stephen Ross was born on May 10, 1940, in Detroit, Michigan. He attended Mumford High School in Detroit before moving to Florida, where he graduated from Miami Beach Senior High School. Ross went on to earn his BBA from the University of Michigan, followed by a JD from Wayne State University and a Master of Laws in taxation from New York University School of Law. His education was financed by a loan from his uncle, Max Fisher.

Career

Ross began his career as a tax attorney in Detroit before moving to New York City in 1968. He worked in various real estate and finance positions before founding the Related Companies in 1972. The firm initially focused on housing and later expanded its projects to include high-profile developments. Today, Related has offices and real estate developments in major US cities and abroad. The company manages a real estate portfolio valued at over $60 billion and is the largest owner of luxury residential rental properties in the country.

Personal Life

Stephen Ross has two children from his first marriage and two stepchildren from his second wife, Kara Gaffney, whom he divorced in 2021 after 18 years of marriage. He resides in the Deutsche Bank Center in Manhattan, a building developed by his company, and also owns an oceanfront mansion in Palm Beach, Florida.

Net Worth Over Time

Stephen Ross’s net worth has grown significantly over the years. Starting in 1972 with a loan of $10,000 from his mother, Ross built a successful real estate advisement business. He later founded the Related Companies, which has become one of the most prominent real estate development firms in the world. Today, Ross is estimated to have a net worth of $10 billion.

Components of Net Worth

Ross’s net worth primarily stems from his ownership and leadership position in the Related Companies. The firm’s extensive real estate portfolio, including luxury rentals, contributes significantly to his overall wealth. Additionally, Ross owns the NFL’s Miami Dolphins and Hard Rock Stadium, adding to his net worth. Through his various ventures, including RSE Ventures, Ross has stakes in numerous brands and companies, further diversifying his net worth.

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