⬅ # 107 Renata Kellnerova|# 109 George Roberts ➡

# 108 Stephen Ross 

$17.7B

Real Time Net Worth
as of 11/18/2024
$203 (0.00%)

# 108 Stephen Ross 

$17.7B

Real Time Net Worth
as of 11/18/2024
$203 (0.00%)
OccupationFounder and Chair, The Related Companies; Owner, Miami Dolphins
Source of WealthReal Estate
Age84
ResidenceNew York, New York
Marital StatusMarried
Children4
EducationMaster of Laws, New York University; BS, University of Michigan; JD, Wayne State University
Age-Adjusted Net Worth$3.50B
Stephen Ross
Stephen Ross
United States
Net worth: $17.7B

Self-Made Score 

Omega Men's Seamaster150 Analog Display Swiss Automatic Blue Watch

Wealth History

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Biography

Early Life and Education

Stephen Michael Ross was born on May 10, 1940 in Detroit, Michigan to a Jewish family
High School: Mumford High School (Detroit), Miami Beach Senior High School
College: University of Florida (two years), University of Michigan (Bachelor of Business Administration, 1962)
Postgraduate: Wayne State University (Juris Doctor, 1965), New York University School of Law (Master of Laws in Taxation, 1966)

Early Career

Started as a tax attorney at Coopers & Lybrand in Detroit
Moved to New York City in 1968, worked for Laird Inc. and Bear Stearns
Founded The Related Companies in 1972 as an affordable housing developer

Related Companies

Developed or acquired over $60 billion worth of properties globally
Notable projects: Deutsche Bank Center, Hudson Yards Redevelopment Project
Headquartered in NYC, offices and developments in various cities worldwide
Employs approximately 4,000 people
Major investor in Equinox Fitness, SoulCycle, and fast-casual restaurant chains

Miami Dolphins Ownership

Bought 50% of Miami Dolphins franchise, Dolphin Stadium (Hard Rock Stadium), and surrounding land in 2008
Increased ownership to 95% in 2009 with a total deal value of $1.1 billion
Notable minority owners brought in: Gloria Estefan, Marc Anthony, Venus Williams, Tony Chesta, and Serena Williams
Faced challenges in obtaining public funding for stadium renovations
Suspended and fined $1.5 million by the NFL in 2022 for violating the anti-tampering policy

RSE Ventures

Co-founded RSE Ventures in 2012 with Matt Higgins
Private investment firm focusing on sports, entertainment, media, marketing, food, lifestyle, and technology
Owns and operates various companies, including the Drone Racing League, Thuzio, VaynerMedia, and Relevent

Stephen Ross's Wealth is Equivalent to:

13,648,961 Herman Miller Aeron Chairs

Herman Miller Aeron Chair

3,354,778 Gold Bars (50 gram)

24K Solid 50g Gold Ingot

181,205 Tiny Homes

Tiny House, Two Bedroom Solar Prefab Home

How long would it take you to become as rich as Stephen Ross?

If you started with $10,000 and invested an additional $500 each month at a 43.43% CAGR, it would take you 5 years to reach Stephen Ross's net worth of $17.7B.

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 58.67% compared to 23.91% for the S&P 500 benchmark.

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

Stephen Ross 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 Bulls’ 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 Stephen Ross, Real Estate is the primary source. 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: 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