Stephen Ross Net Worth and Business Profile
Stephen Ross is an American billionaire businessman and the founder, chairman, and CEO of Related Companies, a real estate development and investment firm headquartered in New York City. His net worth is estimated at approximately 10.7 billion USD according to the latest Forbes real-time billionaires list, making him one of the wealthiest individuals in the United States. He built his fortune primarily through large-scale mixed-use real estate developments in major urban centers, including Hudson Yards in Manhattan.
Ross is also the executive chairman and majority owner of the Miami Dolphins of the National Football League and co-owner of the Formula One team McLaren Racing. His sports investments are managed through his holding company, which is a major institutional player in alternative investments and sports assets. Forbes lists him among the top 100 richest people globally, highlighting his diversified portfolio spanning real estate, sports, and private equity.
Related Companies and Major Developments
Related Companies, founded by Stephen Ross, is one of the largest privately held real estate firms in the United States, with a portfolio exceeding 30 million square feet of developed space. The firm is known for high-profile projects such as the Time Warner Center, the Hudson Yards development, and the Deutsche Bank Center at Columbus Circle. Ross has led the company through cycles of urban development, focusing on luxury residential, office, and retail properties in key global cities.
The firm's flagship Hudson Yards project in Manhattan is one of the largest private real estate developments in U.S. history, featuring office towers, residential buildings, retail space, and public amenities. Related Companies has also been involved in major mixed-use developments in cities such as Chicago, Los Angeles, and London, often partnering with institutional capital partners and sovereign wealth funds. The company's scale and capital deployment reflect Ross's strategy of acquiring and developing irreplaceable urban land assets.
Stephen Ross Sports Ownership and Investments
Stephen Ross acquired a controlling interest in the Miami Dolphins in 2009, purchasing the team for approximately 1.1 billion USD at the time, a record price for an NFL franchise. He later led the effort to build the team's new stadium, Hard Rock Stadium, in Miami Gardens, Florida, which opened in 2027 and hosts major events including the Super Bowl and the Miami Open tennis tournament. His sports portfolio also includes a significant stake in McLaren Racing, competing in Formula One.
Ross's approach to sports ownership focuses on long-term asset value, venue development, and hosting major global events. His holding companies have also invested in other sports-related ventures, including equity stakes in professional sports teams and facilities management. The business model ties sports assets directly to real estate and hospitality development, leveraging stadium and event-driven economic impact to enhance surrounding property values and generate diversified revenue streams.