Stephen Ross, the New York City-based real estate developer is founder, chairman and CEO of The Related Companies, L.P. owns this beautiful home in New York. Ross is an American real estate developer, philanthropist, sports team owner, and remains the majority owner of The Related Companies, a global real estate development firm he founded in 1972. Related is best known for developing the Time Warner Center, where Ross lives and works, as well as the Hudson Yards Redevelopment Project. Ross is also the principal owner of the Miami Dolphins and Hard Rock Stadium.
Ross is a dedicated philanthropist, and major benefactor of his alma mater, the University of Michigan. Over his lifetime he has contributed $378 million to the university, making him the largest donor in the university's history. According to the Chronicle of Philanthropy, his higher education gifts rank behind only those of fellow American billionaire New York City mayor Michael Bloomberg. The University of Michigan renamed its business school, the Ross School of Business, in Ross's honor after he made a $100 million gift to fund a new business-school building. In September 2013, Ross donated another $200 million to the University, the largest single gift in the history of the university. As a result the University of Michigan announced plans to rename the university's athletics campus in his honor.
Stephen Ross has a net worth of $7.7 billion. Stephen got his start when he borrowed $10,000 from his mother to quit his job and start a real estate advisement business in the 70’s. He quickly found success helping wealthy investors by developing federally subsidized affordable housing. That same year he launched The Related Companies to invest his own income into real estate. Today the company has offices around the globe and manages more than $15 billion in real estate assets. Stephen through his ventures also owns stakes in the following brands: Soul Cycle, Bluestone Lane coffee, &pizza, Momofuku, Milk Bar, Blink Fitness, Pure Yoga, the Miami Open, feminine product company Lola and more.
By neotrix @ 2008-01-19 05:33:13