10 Things You Didn’t Know About Stephen Ross

Stephen Ross is a prominent figure in the business world, known for his extensive real estate empire and ownership of the Miami Dolphins. While his achievements are well-known, there are many interesting facts about him that remain unknown to the general public. In this article, we uncover 10 surprising things you may not have known about Stephen Ross.

1. Early Life and Education

Stephen Ross was born on May 10, 1940, in Detroit, Michigan. He grew up in a middle-class Jewish family and attended the University of Michigan, where he earned his Bachelor of Business Administration degree. Ross went on to earn his Juris Doctor degree from Wayne State University Law School. His educational background in both business and law laid the foundation for his successful career in real estate.

Ross’s passion for real estate began at a young age when he worked for his family’s construction company during summers.

Wayne State University Law School

2. Founder and Chairman of Related Companies

Stephen Ross is the founder and chairman of Related Companies, one of the most prominent real estate development firms in the United States. Founded in 1972, Related Companies has been involved in numerous groundbreaking projects, including the Hudson Yards development in New York City. Under Ross’s leadership, the company has transformed skylines across the country, revitalizing neighborhoods and shaping cities.

Thanks to his bold vision and innovative approach, Stephen Ross has established himself as a pioneer in the real estate industry. With a portfolio that includes commercial, residential, and mixed-use properties, Related Companies has become a driving force in urban development.

Related Companies

3. Philanthropic Endeavors

Beyond his success in the business world, Stephen Ross is also dedicated to making a positive impact through philanthropy. He is a signatory of The Giving Pledge, committing to donate the majority of his wealth to charitable causes during his lifetime. Ross has supported various initiatives, including education, healthcare, and the arts. In 2013, he donated $200 million to the University of Michigan, his alma mater, to establish the Stephen M. Ross School of Business.

Additionally, Ross is actively involved in various nonprofit organizations, such as the Jackie Robinson Foundation and Robin Hood Foundation, which aim to create equal opportunities for underprivileged individuals. His philanthropic efforts reflect his commitment to improving society and providing opportunities for those in need.

The Giving Pledge
Jackie Robinson Foundation
Robin Hood Foundation

4. Sports Franchise Ownership

In addition to his real estate endeavors, Stephen Ross is also a notable figure in the world of sports franchise ownership. He purchased a majority stake in the Miami Dolphins in 2008 and currently serves as the team’s owner. Ross’s passion for sports extends beyond football, as he also owns the International Champions Cup, a prestigious soccer tournament featuring top European clubs.

Through his ownership of the Miami Dolphins, Ross has made significant investments in the team’s facilities and fan experience. He has been actively involved in charitable initiatives tied to the team, supporting causes such as youth education and health initiatives.

Miami Dolphins
International Champions Cup

5. Influential Role in Urban Development

Stephen Ross’s impact on urban development extends far beyond his real estate empire. He has played a crucial role in shaping public policy and city planning, advocating for initiatives that foster economic growth and community revitalization. Ross has served on various boards and committees dedicated to urban development, including the New York City Economic Development Corporation and the World Resources Institute.

His involvement in these organizations allows him to leverage his expertise to create sustainable and inclusive communities. Ross is a firm believer in the power of urban development to drive economic prosperity and improve the quality of life for residents.

New York City Economic Development Corporation
World Resources Institute

6. High-Profile Art Collection

Stephen Ross has a deep appreciation for the arts and is an avid art collector. His private collection boasts an impressive array of works, with pieces from renowned artists such as Andy Warhol, Willem de Kooning, and Yayoi Kusama. Ross’s love for art is also evident in his contributions to cultural institutions, where he has made substantial donations to support exhibitions and educational programs.

In recent years, Ross has collaborated with institutions like the Shed in New York City and the Detroit Institute of Arts to showcase his collection to the public. Through his commitment to the arts, he aims to foster creativity and cultural exchange in the communities where his projects are located.

The Shed
Detroit Institute of Arts

7. Motivational Speaker

Aside from his business ventures, Stephen Ross is eager to share his knowledge and insights with aspiring entrepreneurs and business leaders. He frequently participates in speaking engagements, where he discusses topics such as leadership, urban development, and philanthropy. Through his speeches, Ross encourages others to challenge traditional norms and think outside the box.

His motivational talks inspire individuals to pursue their passions and make a positive impact in their communities. Ross’s unwavering determination and drive serve as a testament to the possibilities that can be achieved with hard work and determination.

8. Focus on Sustainability

Stephen Ross recognizes the importance of environmental sustainability and incorporates eco-friendly practices into his developments. He is committed to reducing carbon footprints and employing sustainable technologies that prioritize energy efficiency. Projects such as the Hudson Yards development exemplify Ross’s dedication to creating environmentally responsible communities.

Ross believes that sustainable development is essential for ensuring a better future for generations to come. By incorporating sustainable practices into his projects, he sets an example for the real estate industry and demonstrates the positive impact that can be achieved by prioritizing environmental stewardship.

Hudson Yards

9. Philanthropic Power of Sports

Stephen Ross recognizes the unifying power of sports and the potential impact it can have on communities. He has championed philanthropic initiatives tied to sports, understanding the positive influence they can have on individuals’ lives. Ross has supported organizations such as the Ross Initiative in Sports for Equality (RISE), which aims to promote tolerance, respect, and equality through the unifying platform of sports.

Through his philanthropic efforts in the world of sports, Ross demonstrates his commitment to using athletics as a means to tackle social issues and create positive change in society.

Ross Initiative in Sports for Equality (RISE)

10. Visionary Developer

One of Stephen Ross’s greatest attributes is his visionary mindset. He consistently pushes the boundaries of what is possible in urban development and real estate. Ross has a knack for identifying untapped potential in communities and transforming them into thriving destinations.

By thinking outside the box and focusing on innovation, Stephen Ross has left an indelible mark on the world of real estate. His ability to bring together a diverse range of stakeholders, including architects, designers, and civic leaders, allows him to create cohesive and sustainable developments that have a lasting impact.

In conclusion, Stephen Ross is a multifaceted individual whose contributions span across real estate, sports franchise ownership, philanthropy, and the arts. His vision, dedication, and entrepreneurial spirit have established him as one of the most influential figures in the business world today. As he continues to make a positive impact in various sectors, Stephen Ross serves as an inspiration to aspiring entrepreneurs and changemakers.

Miami City Ballet
Michigan Economic Development Corporation