Steven Rales
Overview
- Source of Wealth
- Manufacturing, investments
- Industry
- Manufacturing
- Residence
- Santa Barbara, California
- Organization
- Chairman at Danaher
- Education
- American University (Law Degree)DePauw University (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 3
Assets
- Danaher20,311,000 shares @ --DHR-US
- Enovis Corporation1,962,000 shares @ --ENOV-US
- esab1,962,000 shares @ --ESAB-US
- Fortive2,683,000 shares @ --FTV-US
- Veralto Corp6,765,000 shares @ --VLTO-US
- Vontier Corp1,606,000 shares @ --VNT-US
Biography
Steven Rales and his brother Mitchell acquired a REIT in 1983 and merged it into their firm Danaher, named after a Montana creek.
Focused on tax avoidance and cash flow, they acquired more than three dozen companies and turned Danaher into a diversified firm.
Rales serves as chairman of the board at Danaher, which had around $24 billion in sales in 2024.
In 2021, he and his brother each transferred Danaher shares worth more than $1.5 billion to their charitable foundations.
In 2023, Rales purchased an additional 15% stake in the NBA's Indiana Pacers; he now owns 20% of the franchise.
About
His production company Indian Paintbrush funded some of Wes Anderson's movies, such as "Isle of Dogs", "Moonrise Kingdom" and "The Grand Budapest Hotel."
His brother Mitchell Rales showcases his extensive art collection in a state of the art museum in Maryland.