Stephen Ross

$16.98 B

Ranked #153 in World

About Stephen Ross

Stephen Michael Ross, acclaimed American real estate magnate and owner of the Miami Dolphins, boasts a formidable net worth of $10.1 billion as per 2020 Forbes rankings. His enterprise, The Related Companies, stands as a testament to high-end property success, owning over 40,000 luxury units. With a heritage rooted in Detroit and an educational canvas spanning from the University of Florida to NYU Law, Ross has been a pivotal figure in development and sports. As a benefactor, he's significantly impacted the University of Michigan, and politically, has supported varied campaigns. His diverse influence spans sectors, as seen in RSE Ventures, and continues to shape industries and communities.

Born

May 10, 1940 in Detroit, Michigan, U.S.

Age

85 years

Source Of Wealth

Real Estate

Industries

Real Estate

Citizenship

United States

Residence

Palm Beach, Florida

Education

Master of Laws, New York University; Bachelor of Arts/Science, University of Michigan; Doctor of Jurisprudence, Wayne State University

Children

Stephen Michael Ross, born on December 10, 1940, in Detroit, Michigan, had a humble upbringing. He attended the University of Florida for two years before transferring to the University of Michigan, where he earned a Bachelor of Business Administration degree in 1962. Ross's pursuit of higher education continued as he obtained a Juris Doctor from Wayne State University in 1965 and a Master of Laws in Taxation from the New York University School of Law in 1966.

Stephen Ross: Family

Ross has been married twice. He has two children from his first marriage. In 2004, he married Kara Ross, a former model and fashion designer. The couple divorced in 2021 after 18 years of marriage.

Stephen Ross: Career Highlights

Ross began his career as a tax attorney at Coopers & Lybrand in Detroit. In 1968, he moved to New York City and worked for Laird Inc. and Bear Stearns. In 1972, Ross founded The Related Companies, initially focused on subsidized low and moderate-income apartments. In the 1980s, he shifted to higher-profile projects, hiring architect Robert A.M. Stern. Ross developed notable projects such as Deutsche Bank Center, CityPlace, The Grand, and Hudson Yards. Related is the largest owner of luxury residential rental properties with over 40,000 units.

Stephen Ross: Companies

Ross is the chairman and founder of The Related Companies, a global real estate development firm. He also co-founded RSE Ventures with Matt Higgins in 2012, which focuses on investments in sports and entertainment, media and marketing, food and lifestyle, and technology. RSE Ventures owns and operates companies like the Drone Racing League, Thuzio, VaynerMedia, and Relevent.

Stephen Ross: Major Achievements

Ross's major achievements include the development of iconic real estate projects such as Deutsche Bank Center, CityPlace, The Grand, and Hudson Yards. He also played a significant role in the revitalization of Times Square and the Hudson Yards neighborhood in New York City.

In the sports world, Ross is the principal owner of the Miami Dolphins and Hard Rock Stadium. He also owns the Miami International Autodrome and hosts the Miami Grand Prix.

Stephen Ross: Awards & Achievements

Ross has been recognized for his business, civic, and philanthropic achievements. He was named the third Most Powerful Person in New York Real Estate by the New York Observer. Ross also received Multi-Family Property Executive of the Year and Housing Person of the Year awards.

Stephen Ross: Personal Life & Legacy

Ross has two children from his first marriage. He owns an oceanfront mansion in Palm Beach named "The Reef." Ross is known for his philanthropic efforts, particularly his support for the University of Michigan. He co-chaired the university's fundraising campaign, completed in 2007, and donated $100 million in 2004, leading to the renaming of the business school as Ross School of Business. Ross committed an additional $200 million gift in 2013, equally distributed to the business school and athletic department.

Stephen Ross: Trivia

Ross is an avid sports fan and holds a minority stake in the Miami Marlins baseball team. He also owns the Drone Racing League and is a co-founder of the Miami Open tennis tournament. Ross is known for his collection of contemporary art and has served on the boards of several cultural institutions.

Wealth History

Timeline

1962

Earned a Bachelor of Business Administration degree from the University of Michigan.

1965

Received a Juris Doctor from Wayne State University.

1966

Obtained a Master of Laws in Taxation from the New York University School of Law.

1972

Founded The Related Companies, initially focused on subsidized low and moderate income apartments.

1980s

Shifted to higher-profile projects, hiring architect Robert A.M. Stern.

2004

Donated $100 million to the University of Michigan, leading to the renaming of the business school as Ross School of Business.

2007

Co-chair of the University of Michigan's fundraising campaign, completed in 2007.

2008

Bought 50% of the Miami Dolphins franchise and Dolphin Stadium.

2009

Acquired an additional 45% in the Miami Dolphins, becoming the 95% owner.

2012

Co-founded RSE Ventures with Matt Higgins.

2013

Committed an additional $200 million gift to the University of Michigan, equally distributed to the business school and athletic department.

2019

Hosted the Miami Open at Hard Rock Stadium.

2019

Faced allegations of offering bonuses for losing games, denied by the NFL.

2020

Net worth of $10.1 billion, ranking him 185 on Forbes Billionaires List.

2021

Divorced his second wife, Kara Ross, after 18 years of marriage.

2022

Fined and suspended by the NFL for violating anti-tampering policy.

Stephen Ross : FAQs

What is Stephen Ross's current net worth?

Stephen Ross's current net worth is $16.98 billion.

What is Stephen Ross's current global rank among billionaires?

Stephen Ross holds the 153rd position globally among billionaires.

What is Stephen Ross's current ranking within the United States?

Stephen Ross holds the 59th position in United States.

What was the change in Stephen Ross's net worth compared to the previous year?

Stephen Ross's net worth decreased by 0 million dollars compared to the previous year 2025, when his net worth was 16.98 billion dollars.

What are Stephen Ross's main sources of wealth?

Stephen Ross's main source of income comes from Real Estate.

In which industry does Stephen Ross primarily operate?

Stephen Ross is primarily involved in the Real Estate industry.

What is Stephen Ross educational background?

Stephen Ross holds a Master of Laws from New York University, a Bachelor of Arts/Science from the University of Michigan and a Doctor of Jurisprudence from Wayne State University.

How old is Stephen Ross?

Stephen Ross is 85 years old.

How many children does Stephen Ross have?

Stephen Ross has 4 children.

Who is Stephen M. Ross and what is he known for?

Stephen M. Ross is an American real estate developer, philanthropist, and sports team owner, recognized as the chairman and founder of The Related Companies, a global real estate firm, and the principal owner of the Miami Dolphins and Hard Rock Stadium.

How did Stephen Ross start his career before founding The Related Companies?

Stephen Ross began his professional journey as a tax attorney at Coopers & Lybrand in Detroit. He then moved to New York City and gained further experience at Laird Inc. and Bear Stearns before founding The Related Companies in 1972.

What are some major contributions Stephen Ross has made to his alma mater, the University of Michigan?

Stephen Ross has made significant philanthropic contributions to the University of Michigan, including a $100 million donation in 2004 that led to the business school's renaming as Ross School of Business, and a further $200 million gift in 2013 to the business school and athletic department.

What actions has Stephen Ross taken in his political engagements, and how does it reflect his bipartisan approach?

Stephen Ross's political activities demonstrate a bipartisan approach, with contributions to both Democratic and Republican candidates. He supported Mitt Romney in 2012, hosted a fundraiser for Donald Trump in 2020, and used his super PAC to oppose progressive Democrats in New York City's 2021 City Council election.

Can you highlight the role Stephen Ross plays in Formula 1 racing and the Miami Grand Prix?

Stephen Ross owns the Miami International Autodrome, the venue for the Miami Grand Prix. He secured the rights to host the F1 race through 2032 and has designed the circuit to be mindful of the local residents' needs and concerns.