The Richest People In America: Stephen Ross

REUTERS/Brendan McDermid

#83 Stephen Ross

$4.5 billion
Source: real estate

Nephew of late Forbes 400 member Max Fisher (d. 2005) founded real estate developer Related Cos. 1972. Initially focused on building, financing low-income housing; branched into riskier luxury buildings in New York. "Encountered bad times" early 1990s, recovered. Firm has developed more than $16 billion of property across the U.S., including Time Warner (nyse: TWX - news - people ) Center in Manhattan. In May nabbed billion-dollar deal to develop Manhattan's West Side rail yards after Tishman Speyer abandoned the project; Related will develop 12 million square feet of office, residential and retail space. Met Jorge Perez, cofounded Related Group of Florida 1979. Partnership continues today with condo and hotel projects in Latin America. Owns stake in Equinox Fitness Clubs; integrating workout centers into new developments. Recently bought 50% stake in Miami Dolphins from Wayne Huizenga .

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