Welcome to our deep dive into the incredible wealth of Stephen Ross, the real estate mogul and owner of the Miami Dolphins. Ross is the chairman and majority owner of The Related Companies.
With a fortune built on successful business endeavors, Ross has amassed an impressive net worth that stands as a testament to his entrepreneurial prowess.
This article delves into Stephen Ross net worth, career and the journey that led him to such stunning financial heights. Let’s start with Byboe!
Table of Contents
- 1 Quick Facts
- 2 What is Stephen Ross Net Worth and Salary in 2023?
- 3 Why is Stephen Ross Famous?
- 4 Stephen Ross Biography Overview
- 5 FAQs about Stephen Ross
- 6 In Conclusion
|Full Name||Stephen Michael Ross|
|Popular Name||Stephen Ross|
|Birth Date||May 10, 1940|
|Birth Place||Detroit, Michigan, USA|
|Education||University of Michigan|
|Net Worth||$9.1 Billion (as of 8/21/23)|
|Monthly Income and Salary||Not Available|
|Yearly Income and Salary||Not Available|
|Source of Wealth||Real Estate, Sports Franchise Ownership|
What is Stephen Ross Net Worth and Salary in 2023?
According to reports, Stephen Ross’s net worth is estimated to be $9.1 billion as of 2023. He amassed this wealth primarily through his real estate ventures and ownership of the Miami Dolphins NFL franchise. As a private company, The Related Companies does not disclose its earnings, therefore Stephen Ross’s annual salary is unknown.
Stephen Ross Net Worth Growth
|Net Worth in 2023||$9.1 Billion|
|Net Worth in 2022||$8.3 Billion|
|Net Worth in 2021||$7.6 Billion|
|Net Worth in 2020||$7.0 Billion|
|Net Worth in 2019||$6.5 Billion|
|Net Worth in 2018||$6.0 Billion|
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Why is Stephen Ross Famous?
Stephen Ross is primarily known for his role as the head of The Related Companies, a renowned global real estate firm. However, Ross is also recognized for owning the Miami Dolphins NFL team and for his philanthropic contributions. Most notably to his alma mater, the University of Michigan, which is the recipient of his largest donation.
Stephen Ross Biography Overview
Stephen M. Ross was born on May 10, 1940 in Detroit, Michigan. His parents were Irwin Ross and Tamar Kiss. Ross’s father was a successful inventor who made his fortune by developing a taxidermy product, which he sold and then invested in real estate.
Ross completed his high school education in Detroit before moving on to the University of Michigan, where he completed his Bachelor’s degree.
After graduation, Ross pursued a law degree at Wayne State University and later went on to receive a Master’s degree in Tax Law from New York University.
Career and Awards
He began his professional journey as a tax lawyer at Coopers & Lybrand in Detroit. In 1968, he moved to New York City and took up various roles, including a position in the corporate finance department of Bear Stearns.
However, his most significant career move was in 1972 when he founded the Related Companies with a $10,000 loan from his mother. Today, the Related Companies is an industry-leading, international real estate development company, best known for developing the Time Warner Center in New York City and the 28-acre Hudson Yards development on Manhattan’s west side.
Ross’s career also extends to the sports industry. He owns 95% of the Miami Dolphins professional football team, a franchise valued based on an August 2022 report by valuation consultants Sportico. His ownership of the team has not been without controversy.
In 2023, the Miami Dolphins were stripped of their top selection for violations of league policies relating to the integrity of the game. Ross himself was suspended through Oct. 17 and fined $1.5 million due to these violations.
In terms of awards and recognition, Stephen Ross has received numerous honors for his business, civic, and philanthropic activities. Some of his notable accolades include the Helmsley Distinguished New Yorker Award, the Jack D. Weiler Award from UJA, and the Leadership in Tourism Award from NYC & Company.
Crain’s New York also named him one of the 100 Most Influential Leaders in Business.
Ross is married to Kara Gaffney Ross, a certified gemologist. The couple has two children. Ross is known for his philanthropic efforts, having made several significant contributions to various organizations and institutions.
Ross has faced some legal challenges. In 2022, he was cited in a federal class-action lawsuit brought forth by his former head coach Brian Flores, alleging that Ross offered Flores a $100,000 bonus for every game he lost in the Dolphins’ 2019 campaign.
The suit also alleges that Ross set up Flores to meet (against league rules) with a prominent quarterback on another team, who was not named in the suit. As of February 2, 2022, The NFL publicly denied all allegations against Ross and all others listed in the lawsuit, releasing in an official statement “We will defend against these claims, which are without merit.”
Social Media Accounts
Stephen Ross keeps a low profile on social media with no official accounts on Instagram, Twitter, YouTube, LinkedIn or Pinterest.
FAQs about Stephen Ross
Who is Stephen Ross?
Stephen Ross is an American real estate developer, philanthropist, and sports team owner.
How did Ross become so wealthy?
His wealth is attributed mainly to his real estate ventures and ownership of the Miami Dolphins.
Where did he study?
He studied at the University of Florida, Wayne State University, and University of Michigan Law School.
Is he married?
Yes, he is married to Kara Ross.
In conclusion, Stephen Ross is not only a successful businessman, but also a devoted philanthropist. His vast net worth clearly demonstrates his incredible business acumen and relentless drive for success.
The journey of his wealth accumulation serves as an inspiration for many aspiring entrepreneurs. Stay tuned for more in-depth profiles of successful business figures.
If you want to know about other celebrities’ net worth, check out our website Byboe.com for more information. Thanks for reading!