Stewart Rahr
Health care

Stewart Rahr Net Worth

Stewart Rahr was born in 1946 in New York, New York, United States. He is best known for his success in expanding Kinray, a pharmaceutical distributor his father founded in 1944, which he sold to Cardinal Health in 2010 for $1.3 billion in cash. He is also known for his extravagant lifestyle, which he funds through conservative investments in private equity, hedge funds and natural resources.
Stewart Rahr is a member of Health care

Age, Biography and Wiki

Birth Year 1946
Birth Place New York, New York, United States
Age 77 YEARS OLD
Residence Manhattan, New York
Alma mater New York University
Occupation Former pharmaceutical distributor
Spouse(s) Carol K. Rahr (m. 1969–2012)
Children Robert Rahr Felicia Rahr
Website The Stewart J. Rahr Foundation

💰 Net worth: $2.8 Billion (2024)

Stewart Rahr, a prominent figure in the healthcare industry in the United States, is expected to have a staggering net worth of $2.8 billion by 2024. Rahr has made a name for himself as a successful entrepreneur and philanthropist, with significant contributions to the healthcare sector. From building a multi-billion dollar pharmaceutical distribution company to funding medical research and charities, Rahr's commitment to improving healthcare has earned him both recognition and wealth. With his remarkable net worth, he continues to play a vital role in shaping the future of healthcare in the United States.

2009 $1.95 Billion
2010 $2.1 Billion
2011 $1.3 Billion
2012 $1.6 Billion
2013 $1.7 Billion
2014 $1.9 Billion
2015 $2.2 Billion
2016 $2.2 Billion
2017 $2.2 Billion
2018 $2.2 Billion

Famous Quotes:

"Happiness just doesn't happen. You have to force yourself."

Biography/Timeline

1963

Stewart Rahr was raised in a Jewish family in Far Rockaway section of Queens, New York. He has an older brother, Elliot. As a youth, he worked at his father's Retail pharmacy store in Brooklyn and in 1963, he graduated from Poly Prep Country Day School also in Brooklyn. He graduated with a B.A. from New York University and attended New York University Law School before dropping out to take over his family's pharmacy Business which then had $50,000 in sales.

1969

In 1969, he married Carol K. Rahr. They had two children, Robert and Felicia. In 2012, they announced that they were divorcing. In 2013, Rahr agreed to pay Carol $250 million as a settlement.

2010

As the family Business also served as a wholesaler for several other pharmacies, Rahr focused on the wholesaling side of the Business. He expanded it into a large operation named Kinray Inc that served over 4,000 pharmacies in the Northeastern United States with revenues of over $5 billion. Rahr was able to grow the Business rapidly through the stockpiling of pharmaceuticals, relying on drug price inflation to maximize his profit margin when he sold the extra inventory to Retail pharmacies at a later date. This practice later became controversial due to consumer ethics issues, and pharmaceutical manufacturers now monitor their distributors to ensure that they do not hold more than one month's supply of any given drug. In 2010, Rahr sold Kinray to Cardinal Health for $1.3 billion. He became a "self-made billionaire" in this way.

2012

In November 2012, Rahr was banned from the restaurant Nobu in New York. Rahr has an apartment in the Trump Park Avenue building. In 2005, Rahr purchased a house in The Hamptons for $45 million, reportedly the highest price ever paid in the state of New York for a single-family home. He sold a 32nd-floor apartment at 422 East 72nd Street in 2013.

2013

In November 2013, Rahr donated $15 million to the Prostate Cancer Foundation bringing his total contributions to PCF to over $25 million to help find a cure for the disease.

2014

Rahr made a $500,000 donation to the North Shore Animal League America in 2014.

Some Stewart Rahr images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.