What is Stephen Ross' net worth? Inside Miami Dolphins owner's fortune amid $8 billion divorce from wife Kara
He has reportedly contributed around $378 million to his alma mater Univerity of Michigan as a major benefactor
Miami Dolphins owner and American real estate developer Stephen Ross is getting a divorce from his jewelry designer wife of 18 years, Kara Ross. The billionaire is reportedly embroiled in an $8 billion divorce. Page Six reported The Related Companies founder and wife are “negotiating the divorce”.
Meanwhile, sources close to Ross have reportedly cited that the split was “amicable”. It also is being said that the couple that married in 2003 has a pre-nuptial agreement. They confirmed thor spoilt in a statement to the outlet. It read, “We have deep love and respect for each other. We will continue to be a part of each other’s lives and support what is best for the health and happiness of our family.”
Reportedly, a legal source who isn’t involved in Ross’s divorce speculated Kara would win. “Could likely start at $100 million and go north to $200 or $300 million — making this one of the most expensive divorces in New York,” the source reportedly said.
Meanwhile, another insider reportedly revealed, “His business holdings will not be affected by the divorce.” Therefore, Ross’ Miami Dolphins and Related Companies would not be split.
What is Stephen Ross’s net worth?
According to Forbes, Ross is allegedly worth $7 billion. Before he founded Relates Companies in 1972, he worked as a tax attorney. The company’s Hudson Yards on Manhattan’s west side opened to the public in March. Related & Co. reportedly has developed or acquired properties worth $60 billion across the world, from California to Shanghai. He ranks 185 on Forbes Billionaires List in 2020.
He has reportedly contributed around $378 million to his alma mater Univerity of Michigan as a major benefactor. The business school at the University of Michigan was named after him in 2004 to Ross School of Business after he made a $100 million gift t the educational institution.
He has also made another $100 million in donations to Michigan Athletics. the University of Michigan reportedly announced plans to rename the university's athletics campus in his honor.
He owns 95% of the Miami Dolphins franchise and stadium
Ross first bought 50 percent of the Miami Dolphin franchise, Dolphin Stadium (now known as Hard Rock Stadium), and surrounding land, from then-owner Wayne Huizenga for $550 million in 2008. In January 2009, he further purchased an additional 45% of the team. He currently owns 95% of both franchise and stadium.
He has co-founded RSE Ventures with Matt Higgins, former executive vice president of the New York Jets and current vice-chairman of the Miami Dolphins. Ross also co-owns Kangaroo Media with Carl Peterson.
In 2019, Ross was accused of throwing a fundraiser for Trump’s 2020 presidential campaign at his home in Hamptons. He was a major supporter of Mitt Romney’s 2012 presidential campaign.