Early Career:
Ross started off as a tax attorney at the Detroit branch of Coopers & Lybrand. In the late 1960s he relocated to New York, where he took up the position of Assistant Vice President at Laird Incorporated’s real estate division, and later went on to work in corporate finance at the Bear Stearns. Stephen Ross then decided to venture off into new territory by using a $10,000 loan from his mother, and begin arranging deals for high profile investors in tax havens, with an incentivized program by the US Government. The area of investment was real estate, more specifically subsidized housing for low income earners. During the early 1970s he earned $150,000 in his first year in business, and went on to use his extensive Federal tax knowledge to broker high-powered transactions. His focus shifted to high end architecture and engineering.
Business:
Stephen Ross has multiple business interests, including real estate and ownership of the Miami Dolphins football team, where he serves as Chairman of the Board. He also owns South Florida Stadium. His most notable business venture was The Related Companies, formerly known as TRCLP, where he served as CEO until September 2012. His real estate tenure has spanned over three decades, and he is still engaged in The Related Companies.
Special Projects:
Ross is responsible for developing the biggest real estate project in America – the Hudson Yards development, worth an estimated $15 billion. It spans 28 acres on the West Side of Manhattan, NYC. In 2012 Ross’s company – The Related Companies – completed the development of Hunter’s Point South in the borough of Queens. This special project is one of a kind since it is the largest affordable housing development in the whole of NYC since the early 1970s.
