Mitchell Rales
Potomac, Maryland
Bachelor of Arts/Science, Miami University of Ohio
United States
7
manufacturing, investments, Self Made
$4,300,000,000
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5
#597 Billionaires 2019
#207 Forbes 400 2018
Mitchell Rales and his brother Steven acquired a real estate investment trust in 1983 and merged it into the firm Danaher.Over the years they acquired more than three dozen companies and turned Danaher into an industrial firm with $20 billion in revenues.In July 2016, Danaher spun off its industrial technologies, measurement and petroleum businesses into Fortive Corporation.Mitchell Rales is a board member of Fortive Corp. and chairman of Danaher's executive committee.In February 2019 Danaher announced that it will acquire GE's biopharma business for $21.4 billion in cash.
Mitchell donated more than $1 billion in art to his Glenstone Museum in Potomac, Maryland. In October, the museum opened Pavilions, a 204,000 square feet extension.His brother Steven founded the film production company Indian Paintbrush, which backed the movies 'Moonrise Kingdom' and 'The Grand Budapest Hotel.'
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