Mitchell Rales was born in the year 1956 in United States of America. Mitchell is an American businessman.
He has an avid in interest in collecting modern and contemporary art. He has remained the director of Danaher Corporation since the year 1983.
Early Life of Mitchell Rales:
Mitchell was born in a Jewish family. Mitchell grew up in Bethesda, Maryland. In 1974, he graduated from Walt Whitman High School. In 1978, Mitchell went on to pursue higher education where he studied business administration from Miami University in Oxford, Ohio. He was also a member of Beta, Theta and Pi fraternity.
Family of Mitchell Rales:
Father of Mitchell Rales:
Norman Rales was the father of Mitchell. Norman was raised in an orphanage known as Hebrew Orphan Asylum in New York City. With humble beginnings, Norman turned out to be a great businessman. Norman sold his business supply company in Washington DC to his employees; this was the first Employee Exchange Ownership Plan.
He was also a philanthropist who founded the Ruth Rales Jewish Family Service and the Norman and Ruth Rales Foundation.
Mother of Mitchell Rales:
Her mother, Ruth Rales is the mother of four kids including Mitchell. She runs a charity foundation known as Norman and Ruth Rales Foundation which has equal partnership of his husband Norman.
Siblings of Mitchell Rales:
Apart from Mitchell, Norman and Ruth have three more sons; Joshua, Stevens and Stewart.
Steven M. Rales:
Steven, as mentioned above is the son of Ruth and Norman Rales and brother of Mitchell. He was born in 1951 in United States. He is elder to Mitchell. He is a very successful businessman and film producer, also the chairman of Danaher Corporation where his brother Mitchell is director.
Stevens was listed as the 118th richest person of United States according to Forbes with a property of USD 3.2 billion. In 1969, he graduated from Walt Whitman High School which is situated in Bethesda, Maryland. In 1973, he completed his education from DePauw University and later in 1978; he was awarded JD from American University.
He married Christine Plank in 1983. Christine is an Alumna from DePauw University from where Steven studied in 1974. The couple has three children, Alexander, Stephanie and Gregory. The couple divorced in the year 2003. Later, Steven married to Lalage Damerell. Steven is a major supporter of Washington Ballet. He also donated his money to GolfRocks.
Steven has founded and co-founded many business institutions but he is mostly known for Danaher Corporation where he was the co-founder and chairman since 1984. He is a successful film producer and businessman.
Wife of Mitchell Rales:
Mitchell married Lyn Goldthorp Rales from whom he has two children. Due to personal reasons, they divorced in the year 1999. Their son name is Matthew Rales, who is the founder of Grassential LLC, which is grass-based livestock firm.
Mitchell married again to Emily Wei. She is her present wife who was born in the year 1976. Emily Wei Rales is an art historian and curator. Along with her, Mitchell created Glenstone museum.
She is the director in Glenstone.
Net Worth of Mitchell Rales:
Mitchell has a net worth of USD 4.5 billion as of 2017, according to the Forbes. He was ranked at 367th spot in 2017 in Forbes group of billionaires. He ranked at 134th spot in the Forbes 400 list in 2016.
His major source of wealth comes from investment, manufacturing and self made. He is an onboard director of National Gallery of Art and is the former board member of Hirshhorn Museum.
Mitchell currently lives in Potomac, MD.