Stephen Ross is the chairman and CEO of Related Companies, one of the largest real estate development firms in the United States. He has an estimated net worth of $7.2 billion as of March 2019. Ross is also the owner of the Miami Dolphins.
Ross was born in Detroit, Michigan, to a Jewish family. His father, Max, was a real estate developer who owned apartment buildings in Detroit. His mother, Jane (née Brickson), was a schoolteacher.
He has two sisters: Lizabeth and Judy. Ross attended Miami Beach High School and then earned his bachelor’s degree in business administration from the University of Michigan in 1962. After graduation, Ross began his career as an intern at Aetna Life Insurance Company where he worked for three years before earning his MBA from Harvard Business School in 1966.
Upon graduating from Harvard, Ross returned to Detroit where he joined William Davidson’s investment firm Guardian Industries as a marketing director. He eventually rose to become vice president before leaving Guardian Industries in 1972 to formRelated Companies with equity partner Joel Roseman. Since its inception, Related Companies has developed numerous large-scale urban regeneration projects both domestically and internationally including New York City’s Time Warner Center (now home to CNN), Hudson Yards (the largest private real estate development in US history), and The Grand at Sky View Parc (the tallest residential building ever constructed on Long Island).
In addition to real estate development, Related Companies also provides property management through its subsidiary Related Management Company which manages over 90 thousand residential units across North America as well as commercial office space totaling over 50 million square feet.. Stephen Ross is married to Kara Blakely Ross and they have four children together: Amanda Blakely Clinefelter (stepdaughter), Marc AnthonyBlakely Clinefelter (stepson), Jesse James Blakely Clinefelter (stepson)and Samantha Blakely Ross .
Stephen Ross Children
Stephen Ross is an American businessman and the chairman of The Related Companies, a real estate development firm. He has a net worth of $12.5 billion as of March 2019. Ross was born in Detroit, Michigan, the son of Jewish immigrants from Poland.
His father was a steelworker and his mother was a homemaker. Ross attended Wayne State University where he earned a bachelor’s degree in business administration in 1962. He then went on to earn an MBA from the University of Michigan in 1966.
After graduation, Ross began his career as an investment banker at Aetna Life & Casualty. In 1972, he joined developer William Zeckendorf Jr.’s company, Webb & Knapp Inc., where he eventually became president and chief operating officer. In 1977, Ross formed The Related Companies with two partners; Jeffrey Blau and Bruce Beal Sr..
The company has since developed numerous high-profile real estate projects including Time Warner Center, Hudson Yards, and One World Trade Center. Ross is also the owner of the Miami Dolphins football team which he purchased for $1 billion in 2009. He has been active in philanthropy and has donated over $200 million to various causes including education reform, health care research, and inner-city youth programs.
Stephen Ross Companies List
In recent years, Stephen Ross has become one of the most prolific real estate developers in the United States. His company, The Related Companies, has developed some of the most iconic buildings in New York City, including Hudson Yards and One World Trade Center. In addition to his work in New York, Ross has also been active in developing property in other major cities across the country, such as Los Angeles and San Francisco.
Ross’s success in real estate development can be attributed to his keen understanding of market trends and his willingness to take on projects that others might deem too risky. For example, when Ross began developing Hudson Yards in 2008, many people doubted that there was a demand for luxury office space and residential units in Manhattan’s West Side. But Ross believed that the area was ripe for redevelopment and he proceeded with the project even though it required a massive investment of time and money.
Today, Hudson Yards is one of the most successful real estate developments in New York City history. The project includes more than 18 million square feet of office space, retail space, and residential units. It has also sparked a wave of redevelopment along Manhattan’s West Side waterfront.
Looking ahead, Ross seems poised to continue his success as a real estate developer. He recently announced plans to develop a new neighborhood called Oceanwide Plaza in downtown Los Angeles. The $1 billion project will include three high-rise towers containing residences, hotel rooms, offices, and retail space.
Given Ross’s track record, it’s safe to say that Oceanwide Plaza will be yet another triumph for him and his company.