Mitchell Rales Net Worth is$3.7 Billion
VN:F [1.9.22_1171]
deserves the money?
Rating: 5.0/5 (4 votes cast)
VN:F [1.9.22_1171]
Would you date ?
Rating: 3.5/5 (2 votes cast)
Profession: Businessperson
Date of Birth: 1956
Country: United States of America
Net Worth: View Mitchell Rales Net Worth
Mitchell Rales is an American businessman born around 1956 and with a current net worth of $3.7 billion. Mitchell Rales is the richest person in Maryland. His net worth is testament to his success in the field of business, and he currently serves as a director of the Danaher Corporation, where he has had a place on the board since 1983. His career in finance began in earnest in the year 1979, when he left his father’s real estate firm to start a financial firm called Equity Group Holdings with his brother and fellow businessman Steven M. Rales. The firm made a fortune in junk bonds and quickly had a diverse line of companies to its name. Five years later, in 1984, the firm changed its name to Danaher Corporation, which it holds to this day. Rales is also known for his philanthropic work, as he serves on the boards for organizations such as the Hirshhorn Museum and the National Gallery of Art. He is also the proprietor of the Glenstone Museum, which is the home to Rales’ collection of artistic masterpieces in a variety of media. As museums go, the Glenstone Museum is a highly exclusive venue, and visitors can only find their way into the museum by appointment.
Mitchell Rales (born c. 1956) is an American businessman. He has been a director of Danaher Corporation since 1983.
Mitchell Rales grew up in Bethesda, Maryland and graduated from Walt Whitman High School in 1974. He earned a degree in business administration at Miami University in Oxford, Ohio in 1978 and was a member of Beta Theta Pi fraternity.
.
In 1979, he 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. They changed the name to Diversified Mortgage Investors, in 1978, and then Danaher, in 1984.
In the 1980s, the AM side of 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, (including Converse (shoe company), and Ethan Allen (furniture company)). He later ended the bid after five months with a profit of $60 million.
In May 2008, they engineered the initial public offering of Colfax, a Richmond, Virginia industrial pumps manufacturer.
He is on the boards of both the Hirshhorn Museum and the National Gallery of Art.
The museum houses his collection of modern and contemporary masterworks. Located on 125 acres (0.51 km2) of landscaped lawns, meadows and woods in Potomac, Maryland, this private art museum was designed by Gwathmey Siegel & Associates Architects. The structure, which is part of an assemblage of buildings and outdoor sculpture, stands across a 3-acre (12,000 m2) pond from the client’s home, guesthouse and pool house. The 22,000-square-foot (2,000 m2) museum is a multiple volume, single-level structure clad in zinc panels and French limestone. A large, naturally lit sculpture gallery is the organizing element for a sequence of 18-feet-high gallery spaces with state-of-the-art museum environmental controls, and an admini

Mitchell Rales Net Worth, 5.0 out of 5 based on 4 ratings

Mitchell Rales Latest News

Two Billionaire Brothers, Mitchell and Michael Rales, on Mount Desert Island in Maine

Oh brother! Well, actually it should be brother, brother. If you want to live among billionaire brothers, buy property in Mountain Desert Island and hang with the Rales brothers, Michael P. and Mitchell P. Michael P. Rales is the second member of the ...
Posted: October 22, 2013, 8:03 am

Billionaire Brothers Seek to Copy Danaher M&A-Fueled Ascent

Steven and Mitchell Rales boosted Danaher Corp.’s market value sevenfold since 2003 in part through savvy acquisitions. Investors will be watching to see if the billionaire brothers’ latest offering provides similar returns. The school, work and life ...
Posted: July 4, 2016, 10:00 pm

Colfax and the Rales brothers

At first the Rales brothers, who were early converts to the junk bond ... the companies they buy and the products they make are rarely household names. Steven and Mitchell grew up tight-knit business-minded family in Bethesda, Maryland.
Posted: September 5, 2011, 5:46 am
Related Topics:
How Much Is Mitchell Rales Income, How Much Is Mitchell Rales Net Worth, How Much Is Mitchell Rales Salary, How Much Is Richest 30 Income, How Much Is Richest 30 Net Worth, How Much Is Richest 30 Salary, How Much Is Richest 47 Income, How Much Is Richest 47 Net Worth, How Much Is Richest 47 Salary, How Much Mitchell Rales Worth, How Much Richest 30 Worth, How Much Richest 47 Worth, Mitchell Rales, Mitchell Rales Age, Mitchell Rales Art, Mitchell Rales Art Collection, Mitchell Rales Art Museum, Mitchell Rales Background, Mitchell Rales Bio, Mitchell Rales Biography, Mitchell Rales Children, Mitchell Rales Colfax, Mitchell Rales Contact Information, Mitchell Rales Country, Mitchell Rales Danaher, Mitchell Rales Danaher Corporation, Mitchell Rales Date Of Birth, Mitchell Rales Divorce, Mitchell Rales Email, Mitchell Rales Emily Wei, Mitchell Rales Emily Wei Wedding, Mitchell Rales Ethnicity, Mitchell Rales Family, Mitchell Rales Forbes, Mitchell Rales Foundation, Mitchell Rales Glenstone, Mitchell Rales Glenstone Museum, Mitchell Rales Height, Mitchell Rales History, Mitchell Rales Home, Mitchell Rales Home Town, Mitchell Rales House, Mitchell Rales House In Maine, Mitchell Rales House Potomac, Mitchell Rales Images, Mitchell Rales Income, Mitchell Rales Jewish, Mitchell Rales Josh Rales, Mitchell Rales Joshua Rales, Mitchell Rales Maine, Mitchell Rales Maine House, Mitchell Rales Marital Status, Mitchell Rales Museum, Mitchell Rales Net Worth, Mitchell Rales News, Mitchell Rales Northeast Harbor, Mitchell Rales Ny Times, Mitchell Rales Partner, Mitchell Rales Philanthropy, Mitchell Rales Place Of Birth, Mitchell Rales Potomac, Mitchell Rales Profession, Mitchell Rales Salary, Mitchell Rales Stewart Rales, Mitchell Rales Story, Mitchell Rales Talent, Mitchell Rales Videos, Mitchell Rales Washington Post, Mitchell Rales Wedding, Mitchell Rales Weight, Mitchell Rales Wife, Mitchell Rales Wiki, Mitchell Rales Worth, Richest 30, Richest 30 Age, Richest 30 Background, Richest 30 Bio, Richest 30 Country, Richest 30 Date Of Birth, Richest 30 Ethnicity, Richest 30 Height, Richest 30 History, Richest 30 Home Town, Richest 30 Images, Richest 30 Income, Richest 30 Net Worth, Richest 30 News, Richest 30 Partner, Richest 30 Place Of Birth, Richest 30 Profession, Richest 30 Salary, Richest 30 Story, Richest 30 Talent, Richest 30 Videos, Richest 30 Weight, Richest 47, Richest 47 Age, Richest 47 Background, Richest 47 Bio, Richest 47 Country, Richest 47 Date Of Birth, Richest 47 Ethnicity, Richest 47 Height, Richest 47 History, Richest 47 Home Town, Richest 47 Images, Richest 47 Income, Richest 47 Net Worth, Richest 47 News, Richest 47 Partner, Richest 47 Place Of Birth, Richest 47 Profession, Richest 47 Salary, Richest 47 Story, Richest 47 Talent, Richest 47 Videos, Richest 47 Weight, Who Is Mitchell Rales, Who Is Richest 30, Who Is Richest 47,