Steven Rales
Manufacturing, investments · Santa Barbara, California
Net worth
$9.5B
Today
−$25M−0.26%Past month
+$493M+5.47%As of Nov 11, 2026, 1:50 PM EST
Steven Rales and his brother Mitchell acquired a REIT in 1983 and merged it into their firm Danaher, named after a Montana creek. Focused on tax avoidance and cash flow, they acquired more than three dozen companies and turned Danaher into a diversified firm. Rales serves as chairman of the board at Danaher, which had around $25 billion in sales in 2025. In 2021, he and his brother each transferred Danaher shares worth more than $1.5 billion to their charitable foundations. In 2023, Rales purchased an additional 15% stake in the NBA's Indiana Pacers; he now owns 20% of the franchise.
Net worth over time
Principal holdings
7 positions| Company | Industry | Share | Value |
|---|---|---|---|
Danaher NYSE: DHR | Manufacturing | 50.5% | $4.8B |
Private and other holdings | Manufacturing | 37.5% | $3.6B |
Veralto Corp NYSE: VLTO | Manufacturing | 7.5% | $711M |
Fortive NYSE: FTV | Manufacturing | 1.9% | $182M |
esab NYSE: ESAB | Manufacturing | 1.5% | $147M |
Vontier Corp NYSE: VNT | Manufacturing | 0.6% | $55M |
Enovis Corporation NYSE: ENOV | Manufacturing | 0.5% | $47M |
Also known for
- His production company Indian Paintbrush funded some of Wes Anderson's movies, such as "Isle of Dogs", "Moonrise Kingdom" and "The Grand Budapest Hotel."
- His brother Mitchell Rales showcases his extensive art collection in a state of the art museum in Maryland.