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Top 200 Collectors

Steven Rales

Steven Rales

Washington, D.C.

Tool industry

Contemporary art; Impressionism; Modern art

Overview

The billionaire Steven Rales built his fortune mostly through running the Danaher Corporation, an industrial design and manufacturing conglomerate, alongside his brother, Mitchell, a fellow Top 200 collector. Both Raleses have been known to be shy of the press. Danaher is named after a river in Montana where the two have had good luck fishing, according to the Washington Post.

Steven Rales boasts a net worth of $6.7 billion, according to Forbes, and also owns a film production company, Indian Paintbrush, that has helped support numerous movies by Wes Anderson, among them The Darjeeling Limited (2007), Moonrise Kingdom (2012), The Grand Budapest Hotel (2014), and Isle of Dogs (2018). Together, the brothers have acquired more than three dozen companies through Danaher, whose revenues were projected at $20 billion and sales estimated at $19.9 billion in 2018. In July 2016 they launched a new venture: Fortive Corporation. According to Forbes, Rales will acquire GE’s biopharma business for $21.4 billion. His interests in collecting include Impressionism and 20th-century art, and he was one of the major donors to the Peeler Art Center at DePauw University, of which he is an alumnus.

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