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.