Age, Biography and Wiki

Mitchell Rales was born on 1956 in United States, is an American billionaire businessman. Discover Mitchell Rales's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 67 years old?

Popular As N/A
Occupation Businessman
Age 67 years old
Zodiac Sign N/A
Born , 1956
Birthday
Birthplace Pittsburgh, Pennsylvania, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on . He is a member of famous Businessman with the age 67 years old group. He one of the Richest Businessman who was born in United States.

Mitchell Rales Height, Weight & Measurements

At 67 years old, Mitchell Rales height not available right now. We will update Mitchell Rales's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Mitchell Rales's Wife?

His wife is Lyn Goldthorp (div. 1999) Emily Wei (m. 2008)

Family
Parents Not Available
Wife Lyn Goldthorp (div. 1999) Emily Wei (m. 2008)
Sibling Not Available
Children 2 (with Lyn Rales)

Mitchell Rales Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Mitchell Rales worth at the age of 67 years old? Mitchell Rales’s income source is mostly from being a successful Businessman. He is from United States. We have estimated Mitchell Rales's net worth , money, salary, income, and assets.

Net Worth in 2023 4.5 billion USD (2020)
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income Businessman

Mitchell Rales Social Network

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Timeline

2018

Rales has expressed a strong desire to spend his money philanthropically, saying to the Washington Post in 2018, "When we go, there's not going to be money bestowed on children and grandchildren in any meaningful way. This is about reallocating the money we had the good fortune of making to other causes." Rales is the president of the National Gallery of Art and is a former board member of the Hirshhorn Museum.

2006

Rales and his wife, Emily Wei Rales, developed and financed Glenstone, a contemporary art museum in Potomac, Maryland. The museum first opened in 2006 and displays the Rales's collection of post-World War II art, including paintings, sculptures, and both indoor and outdoor installations. A major $219 million expansion to Glenstone was opened in 2018 that increased both the gallery space and the wooded land surrounding the galleries. The museum is free and open to the public via online booking.

1995

In 1995, Rales and his brother founded Colfax, a Richmond, Virginia industrial pumps manufacturer, which had an initial public offering in May 2008.

1980

In the 1980s, the AM side of radio station WGMS was sold off to Washington, D.C., venture capitalists Steven and Mitchell Rales, who converted the music station into the first frequency for WTEM, a sports-talk station, in 1992. In 1988, he made a hostile takeover bid for Interco, Inc, which was, at the time, the nation's largest manufacturer of furniture and men's shoes (owning both Converse shoes and the Ethan Allen furniture). He later ended the bid after five months with a profit of $60 million.

1979

In 1979, Rales left his father's real estate firm to found Equity Group Holdings, with his brother, Steven M. Rales. Using junk bonds, they bought a diversified line of businesses. In 1978, they changed the name to Diversified Mortgage Investors, and then to Danaher, in 1984.

1974

Rales grew up in Bethesda, Maryland and graduated from Walt Whitman High School in 1974. As captain of both the high school football and baseball teams, Rales was an outstanding high school athlete. He earned a degree in business administration at Miami University in Oxford, Ohio in 1978 and was a member of Beta Theta Pi fraternity.

1956

Mitchell Rales (born 1956) is an American billionaire businessman, and a collector of modern and contemporary art. He co-founded Danaher Corporation in 1983 and is the chairman of its executive committee. Rales is one of the Washington, D.C. region's eleven billionaires. In collaboration with his wife Emily Wei Rales, an art historian and curator, he has established Glenstone, a private museum in Potomac, Maryland, which presents exhibitions of their collection of art.

Rales was born in 1956 in Pittsburgh, Pennsylvania. Raised in a Jewish family, Rales is one of four sons of Ruth (née Abramson) and Norman Rales. Norman Rales was raised in an orphanage, the Hebrew Orphan Asylum in New York City, and later became a successful businessman, who sold his building supply company in Washington, D.C. to his employees in what was the first employee stock ownership plan (ESOP) transaction in the U.S. Norman Rales was also a philanthropist, having founded the Norman and Ruth Rales Foundation and the Ruth Rales Jewish Family Service. Rales has three brothers: Joshua, Steven, and Stewart.