Stewart Rahr

$4.27 B

Ranked #984 in World

About Stewart Rahr

Stewart J. Rahr, a self-made billionaire hailing from a Jewish family in Queens, New York, built a pharmaceutical empire, Kinray Inc., which was sold to Cardinal Health for $1.3 billion in 2010. Notable for his philanthropic efforts, Rahr has donated significantly to causes such as cancer research, Hurricane Sandy relief, and the Make-A-Wish Foundation. Despite a high-profile divorce settlement in 2013 and assorted real estate dealings, Rahr’s generosity extends to various charitable organizations and initiatives.

Born

February 18, 1946

Age

80 years

Source Of Wealth

Drug Distribution

Industries

Healthcare

Citizenship

United States

Residence

New York, New York

Education

Bachelor of Arts/Science, New York University

Spouse

Carol K. Rahr (Married: 1969–2012)

Children

Stewart J. Rahr was born and raised in a Jewish family in Far Rockaway, Queens, New York. He worked at his father's retail pharmacy store in Brooklyn and graduated from Poly Prep Country Day School in the same borough. Rahr attended New York University and New York University Law School but dropped out to take over the family pharmacy business.

Stewart Rahr: Family

Stewart J. Rahr married Carol K. Rahr in 1969, and they had two children together, Robert and Felicia. However, they announced their divorce in 2012 and reached a settlement in 2013, with Rahr agreeing to pay Carol $250 million.

Stewart Rahr: Career Highlights

Rahr expanded the family pharmacy business into a large operation named Kinray Inc., which served over 2,000 pharmacies in the Northeastern United States and generated revenues of over $5 billion by 2010. He grew the business through stockpiling pharmaceuticals and relied on drug price inflation to maximize profit margins. In 2010, he sold Kinray to Cardinal Health for $1.3 billion, making him a "self-made billionaire."

Stewart Rahr: Companies

Stewart J. Rahr's notable companies include Kinray Inc., a pharmaceutical distribution company, and Kinray Pharma, a pharmaceutical manufacturing company.

Stewart Rahr: Major Achievements

Rahr's major achievements include building Kinray Inc. into a multi-billion dollar business and becoming a "self-made billionaire" through its sale. He is also recognized for his significant philanthropic contributions.

Stewart Rahr: Awards & Achievements

Rahr was named the largest individual donor to the Metro New York chapter of the Make-A-Wish Foundation in 2013. He also received the Ellis Island Medal of Honor in 2014 for his philanthropic efforts.

Stewart Rahr: Personal Life & Legacy

Rahr is known for his lavish lifestyle and real estate investments. He owns an apartment in the Trump Park Avenue building, purchased a house in The Hamptons for $45 million in 2005, and sold an apartment on 72nd Street in 2013.

He was also identified as the purchaser of a portrait of President Trump in February 2019. In March 2021, he sold his 18,000-square-foot home called Burn Point on Georgica Pond in Wainscott, New York for $49.7 million.

Stewart Rahr: Trivia

Stewart J. Rahr was banned from the restaurant Nobu in New York in November 2012. He is an avid art collector and owns a collection of over 1,000 pieces.

Wealth History

Timeline

Early life and career

Raised in a Jewish family in Far Rockaway, Queens, New York.

Early life and career

Worked at his father's retail pharmacy store in Brooklyn.

Early life and career

Graduated from Poly Prep Country Day School in Brooklyn.

Early life and career

Attended New York University and New York University Law School but dropped out to take over the family pharmacy business.

Early life and career

Expanded the business into a large operation named Kinray Inc.

Early life and career

Kinray served over 2,000 pharmacies in the Northeastern United States with revenues of over $5 billion by 2010.

Early life and career

Grew the business through stockpiling pharmaceuticals and relied on drug price inflation to maximize profit margins.

Early life and career

Sold Kinray to Cardinal Health for $1.3 billion in 2010, making him a "self-made billionaire."

Philanthropy

Donated $640,000 to the Israel Cancer Research Fund in 2012.

Philanthropy

Donated $100,000 to the Salvation Army for Hurricane Sandy relief efforts in 2012.

Philanthropy

Donated $50,000 to help repair the Russian American Jewish Experience (RAJE) in Brighton Beach, damaged by Hurricane Sandy.

Philanthropy

Named the largest individual donor to the Metro New York chapter of the Make-A-Wish Foundation in 2013.

Philanthropy

Donated $10 million to the Make-A-Wish Foundation in 2013, the largest contribution in its history.

Philanthropy

Sponsored the flight of 64 members of the Knesset to the memorial service at Auschwitz for Holocaust Remembrance Day in 2014.

Philanthropy

Donated money to provide new ambulances to United Hatzalah in Israel in 2014.

Philanthropy

Made a $500,000 donation to the North Shore Animal League America in 2014.

Personal life

Married Carol K. Rahr in 1969, had two children, Robert and Felicia.

Personal life

Announced divorce in 2012, agreed to pay Carol $250 million as a settlement in 2013.

Personal life

Banned from the restaurant Nobu in New York in November 2012.

Personal life

Owns an apartment in the Trump Park Avenue building.

Personal life

Purchased a house in The Hamptons for $45 million in 2005.

Personal life

Sold an apartment on 72nd Street in 2013.

Personal life

Identified as the purchaser of a portrait of President Trump in February 2019.

Personal life

Sold his 18,000-square-foot home called Burn Point on Georgica Pond in Wainscott, New York for $49.7 million in March 2021.

Stewart Rahr : FAQs

What is Stewart Rahr's current net worth?

Stewart Rahr's current net worth is $4.27 billion.

What is Stewart Rahr's current global rank among billionaires?

Stewart Rahr holds the 984th position globally among billionaires.

What is Stewart Rahr's current ranking within the United States?

Stewart Rahr holds the 365th position in United States.

What was the change in Stewart Rahr's net worth compared to the previous year?

Stewart Rahr's net worth decreased by 0 million dollars compared to the previous year 2025, when his net worth was 4.27 billion dollars.

What are Stewart Rahr's main sources of wealth?

Stewart Rahr's main source of income comes from Drug Distribution.

In which industry does Stewart Rahr primarily operate?

Stewart Rahr is primarily involved in the Healthcare industry.

What is Stewart Rahr educational background?

Stewart Rahr holds a Bachelor of Arts/Science from New York University.

How old is Stewart Rahr?

Stewart Rahr is 80 years old.

How many children does Stewart Rahr have?

Stewart Rahr has 2 children.

Who is Stewart J. Rahr and what's known about his early life?

Stewart J. Rahr was raised in a Jewish family in Far Rockaway, Queens, New York, and worked at his father's retail pharmacy store in Brooklyn. He graduated from Poly Prep Country Day School in Brooklyn and attended New York University and New York University Law School before taking over the family pharmacy business.

How did Stewart J. Rahr become a self-made billionaire?

Stewart J. Rahr expanded his family pharmacy business into Kinray Inc., a large pharmaceutical operation that served over 2000 pharmacies in the Northeast United States with revenues over $5 billion by 2010. He sold Kinray to Cardinal Health for $1.3 billion in 2010, achieving billionaire status.

What are some of Stewart J. Rahr's major philanthropic contributions?

Stewart J. Rahr has made significant philanthropic contributions including $640,000 to the Israel Cancer Research Fund, $100,000 to the Salvation Army for Hurricane Sandy relief, and $10 million to the Make-A-Wish Foundation, among other generous donations to various causes and organizations.

Can you detail Stewart J. Rahr's influence in philanthropy and charitable giving?

Stewart J. Rahr has a notable influence in philanthropy as seen through his donations, such as sponsoring the Knesset's flight to Auschwitz for Holocaust Remembrance Day and providing ambulances to United Hatzalah in Israel. He was also named the largest individual donor to the Metro New York chapter of the Make-A-Wish Foundation.

What is known about Stewart J. Rahr's personal life and property investments?

Stewart J. Rahr married Carol K. Rahr in 1969 and had two children before their divorce in 2013. His property investments include an apartment in Trump Park Avenue, a $45 million house in The Hamptons, and a recent sale of his Burn Point home in Wainscott, New York for $49.7 million in 2021.