Stephen M. Ross

Sports Executive

Stephen M. Ross was born in Detroit, Michigan, United States on May 10th, 1940 and is the Sports Executive. At the age of 83, Stephen M. Ross biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.

  Report
Date of Birth
May 10, 1940
Nationality
United States
Place of Birth
Detroit, Michigan, United States
Age
83 years old
Zodiac Sign
Taurus
Networth
$7.7 Billion
Profession
Lawyer
Stephen M. Ross Height, Weight, Eye Color and Hair Color

At 83 years old, Stephen M. Ross physical status not available right now. We will update Stephen M. Ross's height, weight, eye color, hair color, build, and measurements.

Height
Not Available
Weight
Not Available
Hair Color
Not Available
Eye Color
Not Available
Build
Not Available
Measurements
Not Available
Stephen M. Ross Religion, Education, and Hobbies
Religion
Not Available
Hobbies
Not Available
Education
University of Florida, University of Michigan (BBA), Wayne State University (JD), New York University (LLM)
Stephen M. Ross Spouse(s), Children, Affair, Parents, and Family
Spouse(s)
Kara Ross (separated)
Children
2
Dating / Affair
Not Available
Parents
Not Available
Siblings
Max Fisher (uncle)
Stephen M. Ross Career

Ross began his career as a tax attorney at Coopers & Lybrand in Detroit. In 1968, he moved to New York City and accepted a position as an assistant vice president in the real estate subsidiary of Laird Inc., then worked in the corporate finance department of Bear Stearns. In 1972, he was fired from that company after clashing with a superior; living off $10,000 ($67,000 in 2021 dollars) lent to him by his mother, he utilized his federal tax law knowledge to organize deals for wealthy investors, allowing them to shelter income with the generous incentives granted by the federal government to promote the construction of federally subsidized affordable housing.

Ross was very successful, earning $150,000 in his first year, and he was soon arranging more complicated transactions.

In 1972, Ross founded The Related Companies, a real estate development company. Headquartered in New York City, Related has offices and real estate developments in Boston, Chicago, Los Angeles, Las Vegas, San Francisco, South Florida, Abu Dhabi, and Shanghai. The company directly employs approximately 2,000 people. The company's existing portfolio of real estate assets, valued at over $15 billion, is made up of mixed-use, residential, retail, office, trade show and affordable properties in what the company calls "premier high-barrier-to-entry markets."

Related is the largest owner of luxury residential rental properties in New York with over 5,000 units in its portfolio and has developed mixed-use projects such as Deutsche Bank Center in New York and CityPlace in West Palm Beach and is currently developing the 26-acre Hudson Yards project on Manhattan's west side. Related also manages approximately $1.5 billion of equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, Taft-Hartley plans and family offices.

Related also owns Equinox Fitness Clubs, SoulCycle and fast casual restaurant chains.

In February 2008, Ross bought 50 percent of the Miami Dolphins franchise, Dolphin Stadium (now known as Hard Rock Stadium), and surrounding land, from then-owner Wayne Huizenga for $550 million, with an agreement to later become the Dolphins' managing general partner. On January 20, 2009, Ross closed on the purchase of an additional 45% of the team from Huizenga. The total value of the deal was $1.1 billion. This means Ross is now the owner of 95% of both the franchise and the stadium. Ross announced his intention to keep Bill Parcells as the director of football operations.

Since buying the Dolphins, Ross has brought in Gloria Estefan, Marc Anthony, Venus Williams, Tony Chesta and Serena Williams, as minority owners of the team. In 2013, Ross made a push to obtain multimillion-dollar public funding from the state of Florida and Miami-Dade taxpayers to help renovate Hard Rock Stadium, the Dolphins' home field. After this effort failed in the Florida legislature, a team spokesman said that Ross did not intend to move the team but that under an eventual future owner the Dolphins' future in the Miami area is bleak. Although Ross said he intended to keep the Dolphins "in town", there was speculation in 2013 that the team might seek to move out of Miami to a nearby locale such as Palm Beach.

On March 27, 2017, Ross cast the only "no" vote in the NFL owners' 31–1 "yes" decision on the Oakland Raiders request for approval to move to Las Vegas starting in the 2020 season. Ross said he had no personal problems with Raiders owner Mark Davis and wished the franchise well, but did not think the Raiders did everything they could to stay in Oakland, and also that having 3 teams move within only 15 months (the Rams and Chargers both moved to Los Angeles) was not good for players or fans. Ross also stated prior to his Dolphins playing the Chargers in their first home game since the move to Los Angeles that he did not believe that Chargers owner Dean Spanos made his best effort to stay in San Diego, making him a popular figure with the upset San Diego fan base.

On February 1, 2022, Ross and the Dolphins, among other teams, were cited in a federal class-action lawsuit brought forth by his former head coach Brian Flores, alleging that Ross offered Flores a $100,000 bonus for every game he lost in the Dolphins’ 2019 campaign. The suit also alleges that Ross set up Flores to meet (against league rules) with a “prominent quarterback” on another team, who was not named in the suit. As of February 2, 2022, The NFL publicly denied all allegations against Ross and all others listed in the lawsuit, releasing in an official statement "We will defend against these claims, which are without merit."

On August 2, 2022, it was announced that following a six-month independent investigation by Mary Jo White and a team of lawyers, the NFL would strip the Dolphins of their 2023 first-round draft pick and a 2024 third-round draft pick for violating the league's anti-tampering policy on three occasions from 2019 to 2022 by engaging in impermissible conversations with quarterback Tom Brady and then-New Orleans Saints coach Sean Payton, both of whom were under contract with other teams. Ross, the team owner, was also fined $1.5 million and suspended through October 17, and was prohibited from being at the Dolphins' facility or representing the team at any event until then. He was also prohibited from attending any league meeting before the annual meeting in 2023, and was removed from all league committees indefinitely. Vice chairman/limited partner Bruce Beal was fined $500,000 and will not be permitted to attend any league meetings for the rest of the 2022 season. The investigation did not find that the Dolphins intentionally lost games during the 2019 season, however.

RSE Ventures is a private investment firm that focuses on sports and entertainment, media and marketing, food and lifestyle, and technology. RSE Ventures was co-founded in 2012 by Ross and Matt Higgins, former executive vice president of the New York Jets and current vice chairman of the Miami Dolphins. RSE builds, owns and operates a variety of companies, including the Drone Racing League, Thuzio, VaynerMedia, and Relevent.

Ross and Carl Peterson own Kangaroo Media, producer of FanVision.

Source