Age, Biography and Wiki
Steven Ross was born on 10 May, 1940 in Detroit, Michigan, United States, is an American businessman. Discover Steven Ross's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 84 years old?
Popular As |
Stephen Michael Ross |
Occupation |
Chairman of The Related Companies,95% owner of Miami DolphinsCreator of the Drone Racing League |
Age |
84 years old |
Zodiac Sign |
Taurus |
Born |
10 May, 1940 |
Birthday |
10 May |
Birthplace |
Detroit, Michigan, U.S. |
Nationality |
United States |
We recommend you to check the complete list of Famous People born on 10 May.
He is a member of famous with the age 84 years old group. He one of the Richest who was born in United States.
Steven Ross Height, Weight & Measurements
At 84 years old, Steven Ross height not available right now. We will update Steven Ross's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
Physical Status |
Height |
Not Available |
Weight |
Not Available |
Body Measurements |
Not Available |
Eye Color |
Not Available |
Hair Color |
Not Available |
Who Is Steven Ross's Wife?
His wife is Kara Ross (m. 2003)
Family |
Parents |
Not Available |
Wife |
Kara Ross (m. 2003) |
Sibling |
Not Available |
Children |
Avery Ross, Kimberly Ross, Drew Ross, Jennifer Ross |
Steven Ross Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Steven Ross worth at the age of 84 years old? Steven Ross’s income source is mostly from being a successful . He is from United States. We have estimated
Steven Ross's net worth
, money, salary, income, and assets.
Net Worth in 2023 |
7.6 billion USD (2020) |
Salary in 2023 |
Under Review |
Net Worth in 2022 |
Pending |
Salary in 2022 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
|
Steven Ross Social Network
Timeline
In August 2019, it was reported that Ross would host a major fundraiser for Donald Trump's 2020 presidential campaign at his Hamptons home on August 9. Because of this fundraiser, Ross has been accused to be fueling antigay rhetoric, white-supremacist ideology, domestic terrorism, etc. to which he answered that “I have been, and will continue to be, an outspoken champion of racial equality, inclusion, diversity, public education and environmental sustainability.” In response to calls for boycotts of companies owned by Ross, a spokesperson for Equinox and SoulCycle told CNN, "Neither Equinox nor SoulCycle have anything to do with the event later this week and do not support it. As is consistent with our policies, no company profits are used to fund politicians."
On March 27, 2017, Ross cast the only "no" vote in the NFL owners' 31–1 "yes" decision on the Oakland Raiders request for approval to move to Las Vegas starting in the 2019 season. Ross said he had no personal problems with Raiders owner Mark Davis and wished the franchise well, but did not think the Raiders did everything they could to stay in Oakland, and also that having 3 teams move within only 15 months (the Rams and Chargers both moved to Los Angeles) was not good for players or fans. Ross also stated prior to his Dolphins playing the Chargers in their first home game since the move to Los Angeles that he did not believe that Chargers owner Dean Spanos made his best effort to stay in San Diego, making him a popular figure with the upset San Diego fan base.
Since buying the Dolphins, Ross has brought in Gloria Estefan, Marc Anthony, Venus Williams, and Serena Williams, as minority owners of the team. In 2013, Ross made a push to obtain multimillion-dollar public funding from the state of Florida and Miami-Dade taxpayers to help renovate Hard Rock Stadium, the Dolphins' home field. After this effort failed in the Florida legislature, a team spokesman said that Ross did not intend to move the team but that under an eventual future owner the Dolphins' future in the Miami area is bleak. Although Ross said he intended to keep the Dolphins "in town", there was speculation in 2013 that the team might seek to move out of Miami to a nearby locale such as Palm Beach.
In 2004, Ross made the single largest contribution (at the time) to the University of Michigan by donating $100 million to the school. The University renamed its business school, Ross School of Business in his honor. On September 12, 2013, it was announced Ross had committed an additional $200 million gift to the University, to be distributed equally among the Ross School of Business and the University's athletic department. It replaced Charlie Munger's 2013 contribution of $115 million as the largest single gift in the University's history.. On September 20, 2017, Ross donated an additional $50 million to the University of Michigan, the majority of which would support career development programs for students, innovative action-based learning experiences, and resources for attracting and developing junior faculty.
Ross serves on the Board for the Cornell Tech Campus, a $2B redevelopment of Roosevelt Island including the Joan & Irwin Jacobs Technion-Cornell Institute, a partnership between Cornell University and the Technion – Israel Institute of Technology that when completed Will House several thousand post-graduate students, hundreds of faculty, and a high-tech business incubator.
RSE Ventures is a private investment firm that focuses on sports and entertainment, media and marketing, food and lifestyle, and technology. RSE Ventures was co-founded in 2012 by Ross and Matt Higgins, former Executive Vice President of the New York Jets and current Vice Chairman of the Miami Dolphins. RSE builds, owns and operates a variety of companies, including the Drone Racing League, Thuzio, VaynerMedia, and Relevent.
Ross was on the executive committee of NYC2012, New York's initiative to bring the summer Olympic Games to New York City in 2012, which failed when London won. Ross is chairman of Equinox Holdings, and chairperson emeritus of the Real Estate Board of New York (REBNY), the city's leading real estate trade association. As a member of the board of trustees of the Solomon R. Guggenheim Foundation, Ross was involved in the planning of a major renovation of the Frank Lloyd Wright iconic building and other new museums. He is a trustee of New York Presbyterian Hospital, the Urban Land Institute, the NY Chapter of Juvenile Diabetes Research Foundation International, the Levin Institute and is a director of the Jackie Robinson Foundation and the World Resources Institute. He also serves on the Executive Committee and is a trustee of Lincoln Center.
Ross was a major supporter and contributor to the 2012 presidential campaign of Mitt Romney.
In February 2008, Ross bought 50 percent of the Miami Dolphin franchise, Dolphin Stadium (now known as Hard Rock Stadium), and surrounding land, from then-owner Wayne Huizenga for $550 million, with an agreement to later become the Dolphins' managing general partner. On January 20, 2009, Ross closed on the purchase of an additional 45% of the team from Huizenga. The total value of the deal was $1.1 billion. This means Ross is now the owner of 95% of both the franchise and the stadium. Ross announced his intention to keep Bill Parcells as the director of football operations. Parcells later stepped down from his position shortly before the 2010 NFL season.
Ross was co-chair of the University of Michigan's fundraising campaign, which was completed May 2007.
Ross is a major benefactor of his alma mater, the University of Michigan; with lifetime contributions of $378 million to the university, he is 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 in 2004, after he made a $100 million gift to fund a new business-school building. In September 2013, Ross donated $200 million to the University ($100 million to the Business School and $100 million to Michigan athletics), the largest single gift in the history of the university; the University of Michigan announced plans to rename the university's athletics campus in his honor.
Ross invested in a partnership named RERI that was donated to the University of Michigan in 2003. RERI obtained its own appraisal for the donation in the amount of $32.935 million. The university sold the Ross-donated remainder interest in December, 2005 for $1.94 million, below the $6.5 million appraised value. The IRS denied the entire $33 million tax deduction and imposed a multi-million dollar penalty in July, 2017. Ross's longtime accountant Alan Katz and business associate, Harold Levine were instrumental in the partnership. They are currently under criminal investigation for the tax plan.
In 1972, Ross founded The Related Companies, a real estate development company. Headquartered in New York City, Related has offices and real estate developments in Boston, Chicago, Los Angeles, Las Vegas, San Francisco, South Florida, Abu Dhabi, and Shanghai. The company directly employs approximately 2,000 people. The company's existing portfolio of real estate assets, valued at over $15 billion, is made up of mixed-use, residential, retail, office, trade show and affordable properties in what the company calls "premier high-barrier-to-entry markets."
Ross began his career as a tax attorney at Coopers & Lybrand in Detroit. In 1968, he moved to New York City and accepted a position as an assistant vice president in the real estate subsidiary of Laird Inc., then worked in the corporate finance department of Bear Stearns. In 1972, he was fired from that company after clashing with a superior; living off $10,000 lent to him by his mother, he utilized his federal tax law knowledge to organize deals for wealthy investors, allowing them to shelter income with the generous incentives granted by the federal government to promote the construction of federally subsidized affordable housing.
Ross was raised in a Jewish family in Detroit, where he went to Mumford High School, and later graduated from Miami Beach Senior High School. He attended the University of Florida for two years before transferring to the University of Michigan, where he earned his B.S. degree in accounting in 1962. He later received a Juris Doctor from the Wayne State School of Law in 1965 and an LL.M. degree in Taxation from the New York University School of Law in 1966. These later degrees were financed by a loan from his uncle, the businessman Max Fisher, who Ross has called, "the most important role model and inspiration for me in life".
Stephen M. Ross (born May 10, 1940) is an American real estate developer, philanthropist, and sports team owner. Ross is the chairman and 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. According to Forbes magazine, Ross had a net worth of $4.4 billion in 2013. Ross is also the principal owner of the Miami Dolphins and Hard Rock Stadium. In 2019, his net worth had increased to $7.7 billion, according to Forbes.