Steven Rales | |
---|---|
Born | Bethesda, Maryland, U.S. | March 31, 1951
Education |
|
Occupations | |
Title | Founder, Danaher and Indian Paintbrush |
Spouses |
|
Children | 3 |
Relatives | Amaryllis Fox Kennedy (stepdaughter) |
Family | Mitchell Rales (brother) |
Steven M. Rales (born March 31, 1951) is an American businessman and film producer. He founded Danaher Corporation with his brother Mitchell Rales in 1984 and is its chairman. Rales also founded the film production company Indian Paintbrush in 2006, which works closely with filmmaker Wes Anderson. His work with Anderson has earned him three Academy Award nominations, winning Best Live Action Short Film for The Wonderful Story of Henry Sugar (2023). Rales also owns the media distribution companies Janus Films and The Criterion Collection and holds a 20% stake in the Indiana Pacers of the National Basketball Association (NBA). His net worth was estimated by Forbes in 2024 to be $8.9 billion.
Raised in a Jewish family, [1] Rales is one of four sons of Ruth (née Abramson) and Norman Rales. [2] His father was raised in the Hebrew Orphan Asylum of New York and later became a businessman in Washington, D.C. credited for enacting the first employee stock ownership plan transaction in U.S. history. [3] His father was also a philanthropist, founding the Norman and Ruth Rales Foundation and the Ruth Rales Jewish Family Service. [4] [5] In 1969, Rales graduated from Walt Whitman High School in Bethesda, Maryland. [6] In 1973, he graduated from DePauw University, where he was in the Beta Theta Pi fraternity. In 1978, he earned a juris doctor (JD) degree from American University.
In 1979, he left his father's real estate firm to found Equity Group Holdings with his brother Mitchell Rales. Using junk bonds, they bought a diversified line of businesses. They changed the name to Diversified Mortgage Investors in 1978 and to Danaher in 1984, with him serving as its chairman since then. [7] [8] In 1985, they bought Easco Corporation, the then-largest independent aluminum extrusion manufacturer and hand tool manufacturer which produced the Craftsman brand of sockets and wrenches for Sears.[ citation needed ]
In 1988, they made a hostile takeover bid for Interco, a conglomerate comprising manufacturers as diverse as Converse shoes and Ethan Allen furniture. [9] [10] When the company responded with a poison pill, they sued, and prevailed in court. [11] They later ended the bid after five months with a profit of $60 million. [12]
In 1992, the AM side of WGMS was sold off to the Rales brothers who converted the music station into the first frequency for WTEM, the first full-time sports talk radio station in the Washington metropolitan area. He and his brother founded Colfax Corporation in 1995, an industrial pumps manufacturer based in Richmond, Virginia. In 2008, Rales engineered the initial public offering of the company. [13] Rales also owns a 20% stake in the Indiana Pacers, a National Basketball Association (NBA) team. [14]
Rales founded the film production company Indian Paintbrush in 2006. The company works frequently with filmmaker Wes Anderson, producing films such as Moonrise Kingdom , The Grand Budapest Hotel , and Isle of Dogs . [15] [16] Rales has earned three Academy Award nominations for his work with Anderson, winning Best Live Action Short Film for The Wonderful Story of Henry Sugar (2023) at the 96th Academy Awards. [17] In May 2024, he acquired media distribution companies Janus Films and The Criterion Collection. [18]
Year | Title | Directed by |
---|---|---|
2012 | Moonrise Kingdom | Wes Anderson |
2014 | The Grand Budapest Hotel | Wes Anderson |
2015 | Me and Earl and the Dying Girl | Alfonso Gomez-Rejon |
2018 | Isle of Dogs | Wes Anderson |
2021 | The French Dispatch | Wes Anderson |
2023 | Asteroid City | Wes Anderson |
The Wonderful Story of Henry Sugar | Wes Anderson | |
North Star | Kristin Scott Thomas | |
2024 | My Old Ass | Megan Park |
The Wonderful Story of Henry Sugar and Three More | Wes Anderson | |
TBA | The Phoenician Scheme | Wes Anderson |
Rales was married to Christine Plank from 1983 to 2003. [19] [20] They have three children: Alexander, Gregory, and Stephanie. [21] [22] [23] He married Lalage Damerell in 2012, the mother of writer and former CIA officer Amaryllis Fox Kennedy.
Rales was a major donor in the 2002 dedication of the Peeler Art Center at DePauw. [24] As of November 2024 [update] , he held a net worth of $8.9 billion according to Forbes . [25]
The Quiet Man is a 1952 American romantic comedy drama film directed and produced by John Ford, and starring John Wayne, Maureen O'Hara, Victor McLaglen, Barry Fitzgerald, and Ward Bond. The screenplay by Frank S. Nugent was based on a 1933 Saturday Evening Post short story of the same name by Irish author Maurice Walsh, later published as part of a collection titled The Green Rushes. The film features Winton Hoch's lush photography of the Irish countryside and a long, climactic, semi-comic fist fight.
Sim Daniel Abraham is an American businessman, investor, and philanthropist. He is the founder of Thompson Medical, whose main product is SlimFast, a diet program. He has endowed the S. Daniel Abraham Center for Middle East Peace and he supports Jewish causes in Florida and Israel.
The Criterion Collection, Inc. is an American home-video distribution company that focuses on licensing, restoring and distributing "important classic and contemporary films". A de facto subsidiary of arthouse film distributor Janus Films, Criterion serves film and media scholars, cinephiles and public and academic libraries. Criterion has helped to standardize certain aspects of home-video releases such as film restoration, the letterboxing format for widescreen films and the inclusion of bonus features such as scholarly essays and documentary content about the films and filmmakers. Criterion most notably pioneered the use of commentary tracks. Criterion has produced and distributed more than one thousand special editions of its films in VHS, Betamax, LaserDisc, DVD, Blu-ray and Ultra HD Blu-ray formats and box sets. These films and their special features are also available via The Criterion Channel, an online streaming service that the company operates.
Janus Films is an American film distribution company. The distributor is credited with introducing numerous films, now considered masterpieces of world cinema, to American audiences, including the films of Michelangelo Antonioni, Sergei Eisenstein, Ingmar Bergman, Federico Fellini, Akira Kurosawa, Satyajit Ray, François Truffaut, Yasujirō Ozu and many other well-regarded directors. Ingmar Bergman's The Seventh Seal (1957) was the film responsible for the company's initial growth.
Danaher Corporation is an American global conglomerate founded in 1984 by brothers Steven and Mitchell Rales. Headquartered in Washington, D.C., the company designs, manufactures, and markets medical, industrial, and commercial products and services. Danaher was among the first companies in North America to adopt Kaizen principles, a Japanese lean manufacturing philosophy of continuous improvement and efficiency. The company held $78.5 billion in assets as of 2024.
Jesse Itzler is an American entrepreneur, author, and rapper. He is the co-founder of Marquis Jet, one of the largest private jet card companies in the world, a partner in Zico Coconut Water, the founder of The 100 Mile Group and one of the owners of the NBA's Atlanta Hawks.
Mitchell P. Rales is an American businessman and art collector. He co-founded Danaher Corporation with his brother Steven Rales in 1984 and the art museum Glenstone with his wife Emily Wei in 2006. Rales is also the chairman of ESAB, and the top limited partner of the Washington Commanders of the National Football League (NFL). His net worth was estimated by Forbes in mid-2024 to be $4.8 billion.
Cinecom Pictures was an independent film company founded in 1982 by Ira Deutchman, Amir Malin and John Ives. Its first release was Robert Altman's Come Back to the Five and Dime, Jimmy Dean, Jimmy Dean.
Marc Lasry is a Moroccan American billionaire businessman and private equity manager. He is the co-founder and chief executive officer (CEO) of Avenue Capital Group. He was a co-owner of the NBA's Milwaukee Bucks basketball team from 2014 to 2023.
Furniture Brands International, Inc. was a home furnishings company, headquartered in Clayton, Missouri. The company began in 1911 as International Shoe Company with the merger of Roberts, Johnson & Rand Shoe Company and Peters Shoe Company. In 1966, the company changed its name to Interco as the result of diversification, and once the company exited the shoe business, adopted the name Furniture Brands International. Some of the brands it owned in the furniture industry included Broyhill, Thomasville, Drexel Heritage, Henredon, Hickory Chair, Pearson, Laneventure, and Maitland-Smith. In 2013, Furniture Brands filed for Chapter 11 bankruptcy and announced plans to sell most of its divisions. New owner KPS Capital Partners announced the formation of Heritage Home Group on November 25 of that year.
Miriam Adelson is an Israeli-American physician, businesswoman, and political donor.
Indian Paintbrush Productions LLC is an American film production company founded by businessman Steven Rales in 2006. It is based in Santa Monica, California, and specializes in the production and distribution of comedy-drama and romantic films. Rales and Indian Paintbrush have financed and produced several releases by filmmaker Wes Anderson, such as The Grand Budapest Hotel (2014), Isle of Dogs (2018), and The Wonderful Story of Henry Sugar (2023). Other notable productions include Like Crazy (2011) and Me and Earl and the Dying Girl (2015).
Joshua Jordan Harris is an American investor, sports team owner, and philanthropist. He is a co-founder of the private equity firm Apollo Global Management and managing partner of the NBA's Philadelphia 76ers, the NHL's New Jersey Devils, and the NFL's Washington Commanders. Harris is also a general partner of the English football club Crystal Palace and holds a minority stake in Joe Gibbs Racing. He has an estimated net worth of around US$9 billion.
Enovis is a medical technology company with a focus in orthopedics. The company was founded by brothers Mitchell and Steven Rales as the Colfax Corporation in 1995. Enovis is headquartered in Wilmington, Delaware and is listed on the NYSE as ENOV. The company has over 5,000 employees operating at 12 sites around the world.
Antony P. Ressler is an American billionaire businessman. He co-founded the private equity firms Apollo Global Management in 1990, and Ares Management in 1997. As of May 2024, his net worth was estimated by Forbes at $11.3 billion.
International Hat Company, formerly named the International Harvest Hat Company, was a St. Louis, Missouri, manufacturer of commercial hats and military helmets. The company was one of the largest hat manufacturers in the United States and, at one time, the largest manufacturer of harvest hats in the world. It is best remembered for its design and mass production of tropical shaped, pressed fiber military sun helmets for service members of the United States Army, Marines, and Navy during and after World War II. Additionally, the American owned company was a major producer of harvest hats, straw hats, fiber sun hats, enameled dress hats, baseball caps, and earmuffs throughout most of the 20th century. However, it is the International Hat military sun helmets that have become the most notable collector's items.
Wes Anderson is an American filmmaker known for feature films, commercials, and short films.
The Phoenician Scheme is an upcoming espionage comedy-drama thriller film directed by Wes Anderson from a script he wrote with Roman Coppola. The film will feature an ensemble cast including Benicio del Toro, Michael Cera, Bill Murray, Riz Ahmed, Tom Hanks, Benedict Cumberbatch, Scarlett Johansson, Charlotte Gainsbourg, Rupert Friend, Willem Dafoe, Bryan Cranston, Mia Threapleton, Mohamed Chahrour, Imad Mardnli and Tonio Arango. An international co-production between United States and Germany, it will be produced under Studio Babelsberg as well as Anderson through his company American Empirical Pictures and Steven Rales through his company Indian Paintbrush.
{{cite news}}
: CS1 maint: multiple names: authors list (link)Rales, whose brother Mitchell is an investor in the Washington Commanders, now owns 20% of the NBA team, according to the people, who were granted anonymity because the details are private.
{{cite web}}
: External link in |title=
(help)