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# 733Ā Mitchell RalesĀ 

$4.63B

Real Time Net Worth
as of 11/12/2024
$20.0M (0.43%)

# 733Ā Mitchell RalesĀ 

$4.63B

Real Time Net Worth
as of 11/12/2024
$20.0M (0.43%)
OccupationCofounder, Danaher Corporation
Source of WealthManufacturing, Investments
Age68
ResidencePotomac, Maryland
Marital StatusMarried
Children2
EducationBS, Miami University of Ohio
Age-Adjusted Net Worth$2.70B
Mitchell Rales
Mitchell Rales
United States
Net worth: $4.63B

Self-Made ScoreĀ 

Breitling Superocean Heritage II Automatic Chronometer 44 mm

Wealth History

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Biography

Overview

Mitchell P. Rales was born in August 1956 in Pittsburgh, Pennsylvania, and was raised in Bethesda, Maryland.
He graduated from Walt Whitman High School in 1974, where he was captain of the football and baseball teams.
Rales earned a degree in business administration from Miami University in 1978 and was a member of the Beta Theta Pi fraternity.
He co-founded Danaher Corporation with his brother Steven Rales in 1984.
Rales is married to Emily Wei Rales, and they established the art museum Glenstone in Potomac, Maryland, in 2006.

Career

In 1979, Rales and his brother founded Equity Group Holdings, later renamed Danaher Corporation.
They acquired more than three dozen companies, turning Danaher into an industrial firm with $31.5 billion in revenues.
Rales made a takeover bid for Interco in 1988, ending it after five months with a profit of $60 million.
He co-founded Colfax Corporation in 1995 and served on the board of Fortive Corporation until 2021.
Rales paid fines for violations of the Hartā€“Scottā€“Rodino Antitrust Improvements Act in 1991 and 2017.
He is a limited partner of the Washington Commanders and was involved in the purchase of the team in 2023.

Art and Philanthropy

In 2006, Mitchell and Emily Wei Rales founded the art museum Glenstone in Potomac, Maryland.
Glenstone displays their post-World War II art collection and serves as their personal residence.
Rales donated $1.9 billion to the Glenstone Foundation in 2021, increasing its asset value to $4.6 billion.
He signed The Giving Pledge in 2019.
Rales is the president of the National Gallery of Art and serves as chairman of the board of ESAB.
He has been involved in various philanthropic endeavors through the Norman and Ruth Rales Foundation.

Corporate Involvement

Rales served on the board of Fortive Corporation until 2021.
He is chairman of Danaher's executive committee.
Rales was a board member of the Hirshhorn Museum and Sculpture Garden and retired as chair of Enovis in 2023.
He was elected as a member of the American Academy of Arts and Sciences in 2023.
Rales is a former board member of the Hirshhorn Museum and Sculpture Garden.
He has been involved in various acquisitions and spin-offs throughout Danaher's history.

Mitchell Rales's Wealth is Equivalent to:

3,566,590 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

876,632 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

47,350 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Mitchell Rales?

If you started with $10,000 and invested an additional $500 each month at a 43.66% CAGR, it would take you 5 years to reach Mitchell Rales's net worth of $4.63B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 61.59% compared to 26.50% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Mitchell Rales is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bullsā€™ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Mitchell Rales, Manufacturing and Investments are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology:Ā Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Affiliate Disclosure: Some of the links on this page are affiliate links. This means that, at no additional cost to you, we may earn a commission if you click through and make a purchase. We only recommend products or services we believe will add value to our readers.

Edited by: Lee Bailey