Mitchell Rales’s profile picture

Mitchell Rales

Mitchell Rales’s profile picture
Net worth 2018: $3.58 Billion
Industry: Manufacturing
Residence: Potomac, Maryland
Country: United States
BirthDay: 1956
Children: 2
Education: Bachelor of Arts / Science, Miami University of Ohio
BIOGRAPHY

Mitchell Rales was bornon 1956 in Potomac, Maryland, United States. Mitchell Rales is #644 in List Billionaires People In The World. Mitchell Rales and his brother Steven acquired a real estate investment trust in 1983 and merged it into the firm Danaher. Over the years they acquired more than three dozen companies and turned Danaher into an industrial firm with $20 billion in revenues. In July 2016, Danaher spun off its industrial technologies, measurement and petroleum businesses into Fortive Corporation. Mitchell Rales is a board member of Fortive Corp. and chairman of Danaher's executive committee.

NET WORTH STATISTIC
2009

$2.5 Billion

2010

$2.6 Billion

2011

$3 Billion

2012

$3.4 Billion

2013

$3.5 Billion

2014

$3.8 Billion

2015

$3.5 Billion

2016

$4.1 Billion

2017

$4.5 Billion

2018

$3.58 Billion

TIMELINE
2015

In November 2015, the New York Times reported the museum claimed an annual attendance of 25,000 visitors, about 125 per day based on the facility being open four days a week

2013

A second museum building, designed by Thomas Phifer and Partners, began construction in 2013

2012

On July 30, 2012, the Glenstone grounds were featured on the PBS program Growing A Greener World

2008

In May 2008, they engineered the initial public offering of Colfax, a Richmond, Virginia industrial pumps manufacturer

2006

The first museum building, designed by Gwathmey Siegel & Associates Architects, opened to the public in 2006

1992

, venture capitalists Steven and Mitchell Rales, who converted the music station into the first frequency for WTEM, a sports-talk station, in 1992

1988

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)

1983

He has been a director of Danaher Corporation since 1983

1980

In the 1980s, the AM side of WGMS was sold off to Washington, D

1979

In 1979, he left his father's real estate firm to found Equity Group Holdings, with his brother Steven M

1978

They changed the name to Diversified Mortgage Investors, in 1978, and then Danaher, in 1984

1974

Mitchell grew up in Bethesda, Maryland and graduated from Walt Whitman High School in 1974

1956

Mitchell Rales (born 1956 (age 61–62)) is an American businessman and a collector of modern and contemporary art

(4.4/122 votes)
Related Person
Peter Spuhler’s profile picture
Peter Spuhler
Net Worth is $2.35 Billion
Li Hongxin’s profile picture
Li Hongxin
Net Worth is $2.33 Billion
Wang Liping’s profile picture
Wang Liping
Net Worth is $2.31 Billion
Kuok Khoon Hong’s profile picture
Kuok Khoon Hong
Net Worth is $2.25 Billion
William Young’s profile picture
William Young
Net Worth is $2.2 Billion
Joao Alves de Queiroz Filho’s profile picture
Joao Alves de Queiroz Filho
Net Worth is $2.14 Billion