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Mitchell P. Rales (born August 1956) is an American businessman and art curator. He co-founded Danaher Corporation with his brother Steven Rales in 1984 and the art museum Glenstone with his wife Emily Wei in 2006. Rales is also the chairman of ESAB and the leading limited partner of the National Football League (NFL) team Washington Commanders, as well as the former president of the National Gallery of Art. Rales has an estimated net worth of $4 billion as of 2025.

Key Information

Early life

[edit]

Rales was born in August 1956 in Pittsburgh, Pennsylvania, and grew up in Bethesda, Maryland. He graduated from Walt Whitman High School in 1974, where he was captain of their football and baseball teams.[1][2][3][4] Rales earned a degree in business administration at Miami University in 1978 and was a member of Beta Theta Pi fraternity.[5]

Career

[edit]

Business

[edit]
Rales (center) with Maryland governors Aruna Miller and Wes Moore and Washington Commanders executives Doug Williams and Jason Wright, 2023

In 1979, Rales left his father's real estate firm to found Equity Group Holdings with his brother, Steven Rales. Using junk bonds, they bought a diversified line of businesses. In 1978, they changed the name to Diversified Mortgage Investors and then to Danaher in 1984.[6] In the 1980s, the AM side of radio station WGMS was sold off to Rales, who converted it WTEM, a sports-talk station, in 1992. In 1988, he made a takeover bid of Interco, which was the largest manufacturer of furniture and men's shoes in the U.S. at the time.[7][8] He later ended the bid after five months with a profit of $60 million.[9]

In 1995, Rales and his brother founded Colfax Corporation, an industrial pumps manufacturer later rebranded as Enovis in 2022.[10] He is a majority shareholder of Fortive, which split off from Danaher in 2016, and served on their board of directors until June 2021.[6][11] In 2017, Rales paid a fine of $720,000 to the Federal Trade Commission after erroneously reporting purchases of shares in Colfax and Danaher were not above the filing threshold, which violated the Hart–Scott–Rodino Antitrust Improvements Act.[12] He had previously been fined $850,000 by the U.S. Department of Justice in 1991 for violating the same act after buying Interco.[13]

In July 2023, Rales became the top limited partner in a group headed by Josh Harris that acquired the National Football League (NFL) team Washington Commanders for $6.05 billion.[14][15] He considered the opportunity to be "humbling", as he grew up a fan of the team and frequently attended home games at RFK Stadium.[16]

Art

[edit]
Glenstone, an art museum founded with his wife in 2006

In 2006, Rales and his wife Emily Wei Rales established the art museum Glenstone in Potomac, Maryland.[17][18] Rales had owned the land since 1986 and had previously made it his residence.[19] Glenstone displays the Rales's collection of post-World War II art, including paintings, sculptures, and both indoor and outdoor installations, and also functions as his personal residence.[20][21] In 2018, Glenstone finished a $219 million expansion which increased both the gallery space and the wooded land surrounding the galleries.[22] Rales donated $1.9 billion to the Glenstone Foundation in 2021, increasing the museum's asset value to $4.6 billion, nearly the same as the Metropolitan Museum of Art in New York.[21] The museum is free to visit via online booking.[23][24] Rales was president of the National Gallery of Art from 2019 to 2024, succeeded by Darren Walker.[25][26]

Personal life

[edit]

Rales is Jewish and is one of four sons (Joshua, Steven, and Stewart) of Norman and Ruth Rales (née Abramson).[27][28] Norman was raised in the Hebrew Orphan Asylum of New York and later became a businessman, who sold his building supply company in Washington, D.C. to his employees in what was the first employee stock ownership plan (ESOP) transaction in the US. Norman was also a philanthropist, having founded the Norman and Ruth Rales Foundation and the Ruth Rales Jewish Family Service.[27] In 1988, he took a fishing trip in Russia and nearly died after a plane exploded near the helicopter he was traveling on.[19]

Rales has been married twice. He and his first wife, Lyn Goldthorp Rales, had two children before a divorce in 1999.[29] He married his second wife, Emily Wei, in 2008.[22][30][3] He lives in Potomac, Maryland.[31] Rales was the president of the National Gallery of Art from 2019 to 2024, and is chairman of the board of ESAB.[25][26][32] He is a former board member of the Hirshhorn Museum and Sculpture Garden and retired as chair of Enovis in 2023.[32][33] The same year, he was elected as a member of the Business, Corporate, and Philanthropic Leadership class of the American Academy of Arts and Sciences.[34] Rales signed The Giving Pledge in 2019, with his net worth being estimated by Forbes in June 2025 to be $4 billion.[31][35]

References

[edit]
[edit]
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Mitchell Rales

View on Grokipedia
from Grokipedia
Mitchell P. Rales (born August 1956) is an American businessman, philanthropist, and collector best known as the co-founder and chairman of the executive committee of , a global science and technology conglomerate, and as the co-founder of the Glenstone Museum, a prominent institution in . Born in , Rales grew up in , as one of four sons of Norman Rales, a real estate developer, and Ruth Rales; his brothers include Steven M. Rales, with whom he later co-founded Danaher. He graduated from Walt Whitman High School in 1974 and earned a in from in in 1978. In 1984, alongside his brother Steven, Rales co-founded Danaher by acquiring a faltering manufacturing firm and a , transforming it into a company with approximately $24 billion in annual revenue by 2024 through the implementation of the Danaher Business System, a management framework emphasizing continuous improvement and operational efficiency. He served as Danaher's president from 1984 to 1990 and has remained chairman of its executive committee since its inception. Additionally, Rales holds a minority ownership stake in the NFL's . Rales's philanthropy focuses heavily on the arts, highlighted by his co-founding of the Glenstone Museum in 2006 with his wife, Emily Wei Rales, which integrates contemporary art, architecture, and landscape across a 300-acre site and offers free admission to visitors. In 2023, he donated $1.9 billion in Danaher shares to the Glenstone Foundation, one of the largest single gifts to an art museum in U.S. history, building on a prior $1.5 billion transfer to his charitable foundation in 2021. From 2019 to 2024, Rales served as president of the National Gallery of Art in Washington, D.C., where he was an active trustee for 18 years, supporting acquisitions and public access initiatives before transitioning to emeritus status. Married with two children, Rales resides in Potomac, Maryland, and his net worth is estimated at $4.2 billion as of November 2025, primarily derived from his Danaher holdings.

Early life and education

Family background

Mitchell P. Rales was born in August 1956 in , Pennsylvania, to Norman Rales (1923–2012) and Ruth Rales (1922–2004, née Abramson). Norman Rales, who had been raised in the Hebrew Orphan Asylum in , built a successful career as a developer, establishing firms focused on property and construction-supply businesses that provided a foundation for his family's entrepreneurial environment. Ruth Rales was a dedicated and philanthropist, actively involved in Jewish communal organizations and later honored through the naming of the Ruth & Norman Rales Jewish Family Services. Rales grew up as one of four brothers—Joshua, Steven, Mitchell, and Stewart—in an entrepreneurial household in , where family discussions often revolved around business opportunities and real estate ventures. His older brother Steven would later become a key in major ventures. The family's dynamics emphasized hard work and innovation, shaped by their father's experiences. From an early age, Rales was exposed to the intricacies of business through his father's real estate activities during the 1960s and 1970s, including operations under firms like Mid-South Building Supply, which involved property development and sales in the Washington, D.C., area. This immersion in a practical, family-run enterprise fostered Rales' initial interest in commerce and investment strategies.

Education

Rales was born in , , in August 1956, but grew up in , where he attended local schools during his childhood. He graduated from High School in Bethesda in 1974, serving as captain of both the football and teams during his time there. Rales then pursued undergraduate studies at in , where he was a member of the fraternity and earned a in in 1978. Following his graduation, Rales transitioned into the workforce by joining his father's firm in the late , drawing on his business education and the family's background in property development as an initial stepping stone.

Business career

Founding and leadership of Danaher Corporation

Mitchell Rales co-founded in 1984 alongside his brother , initially establishing the company as a before shifting its focus to manufacturing and industrial operations. This pivot laid the groundwork for Danaher's transformation into a diversified conglomerate through strategic acquisitions and operational efficiencies. In the mid-1980s, the brothers began building the company's portfolio by targeting undervalued industrial firms, including the 1986 acquisition of Jacobs Vehicle Systems, a manufacturer of technologies, and Tool Company, which specialized in pneumatic tools and equipment. These early moves exemplified Danaher's acquisition-driven growth strategy, emphasizing bolt-on purchases of complementary businesses in sectors like precision components and environmental solutions. A pivotal element in Danaher's success was the development and implementation of the Danaher Business System (DBS), a proprietary framework for continuous improvement and that originated in the late 1980s at the Jacobs Vehicle Systems division. Inspired by the , DBS emphasized waste reduction, employee empowerment, and events to drive across acquired entities. Under Rales' , DBS became the cornerstone of Danaher's culture, enabling rapid integration of acquisitions and fostering a disciplined approach to scaling operations. As co-founder and Chairman of the Executive Committee since , Mitchell Rales served as a key decision-maker, guiding the company's evolution from a modest holding entity to a global science and technology leader with annual revenues exceeding $23 billion by 2023. Key milestones under Rales' stewardship included strategic expansions into high-growth areas such as diagnostics, life sciences, and environmental technologies, often through targeted acquisitions like Pall Corporation in 2015 for filtration solutions. In 2016, Danaher executed a major spin-off of its industrial and test & measurement businesses into Fortive Corporation, allowing the parent company to concentrate on life sciences and diagnostics while unlocking shareholder value. This restructuring, combined with DBS-driven efficiencies, propelled Danaher's market capitalization and positioned it as a benchmark for conglomerate management in the 2020s.

Other business ventures and investments

In addition to his foundational role at , Mitchell Rales co-founded Colfax Corporation in 1995 alongside his brother , establishing it as an industrial manufacturing conglomerate focused on fluid handling and fabrication technology sectors. The company was launched to acquire and optimize fragmented industrial assets, employing a disciplined acquisition strategy that mirrored operational improvements seen in other holdings, with Rales serving as a director from inception and later as chairman. Over the subsequent decades, Colfax executed numerous acquisitions, including the acquisition of Imo Industries in 1997 to bolster pump and fluid power capabilities, and the approximately $2.6 billion acquisition of Charter International in 2012, which expanded its and fabrication portfolio. By the 2010s, Colfax had grown into a diversified entity with annual revenues exceeding $3.5 billion, but strategic restructuring ensued to enhance focus and value. In , the company announced plans to separate into two independent public entities: Corporation for medical technologies and Corporation for fabrication and equipment, a process completed in 2022 through a tax-free spin-off. Rales continued as chairman of ESAB's board post-spin-off, overseeing its operations as a standalone leader in solutions with global in key segments. He retired from the board in 2023 after nearly three decades of service. Beyond Colfax and its spin-offs, Rales has pursued private equity-style investments through personal and family holdings, targeting opportunities in , , and healthcare to diversify beyond core industrial operations. Notable examples include strategic stakes in industrial firms during the and , such as contributions to Colfax's portfolio expansions, and more recent entries into healthcare , exemplified by his in Plenful, an AI-driven workflow automation platform, as part of its Series B funding round in April 2025. These , including his approximately 6% ownership in as of 2023, have significantly bolstered his wealth accumulation.

Art collecting and philanthropy

Personal art collection

Mitchell Rales initiated his art collecting in the 1980s, initially focusing on and contemporary American art to adorn his personal residences. His early acquisitions emphasized high-quality works that reflected a personal affinity for innovative expressions in and , beginning with pieces acquired during a period when the market was relatively accessible for discerning buyers. By the , Rales had expanded his holdings to include significant examples from artists like , amassing eight paintings by the artist that highlighted his interest in abstract and symbolic forms. Rales' collection grew into one of the largest private assemblages in the United States, valued collectively in the billions of dollars, with many housed in his private homes to create intimate viewing experiences. Notable pre-2010 acquisitions included Mark Rothko's "No. 9 (White and Black on Wine)" purchased for $16.3 million in 2003, underscoring his preference for Abstract Expressionist masterpieces, and several works by acquired during the downturn, such as balloon dog sculptures that exemplified his appreciation for pop-inflected installations. These purchases were strategically made to build depth in and , often at advantageous prices amid market fluctuations. Guided by a curatorial philosophy centered on personal intuition rather than trends, Rales prioritized post-World War II artworks that offered profound aesthetic and conceptual impact, favoring large-scale installations, bold paintings, and sculptural forms that could transform domestic spaces. He collaborated closely with prominent art dealers and advisors, including figures like , to identify and secure pieces that aligned with his vision of quality and originality, ensuring the collection's coherence while avoiding over-commercialized trends. This approach allowed Rales to cultivate a deeply personal repository, distinct in its emphasis on American artists who pushed boundaries in medium and meaning.

Glenstone Museum

Glenstone Museum, co-founded by Mitchell Rales and his wife , opened in 2006 as a private institution dedicated to exhibiting modern and on a nearly 300-acre estate in . The museum was established by the nonprofit Glenstone Foundation to provide a contemplative setting that integrates with and the surrounding , drawing from the couple's personal collection to create immersive experiences for visitors. serves as director and chief curator, overseeing acquisitions and exhibitions that emphasize postwar . A major expansion completed in 2018 significantly enlarged the museum's facilities, adding the Pavilions—a 204,000-square-foot structure designed by architect Thomas Phifer that includes 50,000 square feet of gallery space. This $200 million project, embedded into the hillside to blend with the natural terrain, increased annual visitor capacity from 25,000 to 100,000 while maintaining an intimate atmosphere. The design prioritizes sustainability, achieving Gold certification through features like natural daylighting, geothermal heating and cooling, , and low-VOC materials. Landscape architect Peter Walker of PWP Landscape Architecture enhanced the grounds with restored meadows, forests, and streams to support and organic maintenance practices. The museum's collection, comprising over 1,300 works, focuses on post-World War II modern and , seamlessly incorporating pieces from the Rales' private holdings into public displays. Highlights include paintings by , sculptures by , and large-scale installations such as Jeff Koons' Split-Rocker and Janet Cardiff and George Bures Miller's immersive sound work FOREST (for a thousand years...), which encourage direct engagement with the artworks amid the natural environment. These selections underscore themes of , , and site-specific intervention, with the collection evolving through strategic acquisitions to reflect innovative artistic practices. In 2021, Mitchell Rales transferred $1.9 billion to the Glenstone Foundation—reported via the organization's 2021 IRS filing and made public in 2023—establishing one of the largest endowments for an in the United States, comparable to that of the . This gift, one of the most substantial single donations to the arts, ensures long-term financial stability for operations, acquisitions, and programming. Glenstone operates with visitor policies designed to preserve its serene, uncrowded experience: admission is free but requires advance reservations via the website, with visits limited to three hours and available Thursday through Sunday; children under 12 are not permitted, and those under 17 must be accompanied by an adult. Shuttles transport visitors from remote parking to the galleries, and strict conduct rules prohibit photography in indoor spaces, food consumption, and touching artworks to protect the collection and environment. Sustainability extends to operations, including waste reduction, recycling programs, control, and charging stations. By 2025, has solidified its status as a premier destination museum, attracting global audiences with its holistic approach to viewing. The spring 2025 season features major exhibitions in the fully reopened Pavilions, including installations by and , alongside a revamped website offering interactive maps and educational resources to enhance accessibility. This evolution positions the museum as a leader in contemplative experiences, fostering deeper connections between visitors, artworks, and the . In 2019, Mitchell P. Rales was elected president of the 's Board of Trustees, succeeding Sharon Rockefeller in that role while she continued as chairman; he had joined the board in 2006 and served as vice president from 2016 to 2019. Rales, a longtime supporter of the institution since the late 1990s through membership in the Collectors Committee and Trustee's Council, led the board until October 2024, when succeeded him, with Rales remaining an active trustee. During his tenure, Rales oversaw the completion of a major campaign that enhanced resources for acquisitions, conservation, and , building on prior efforts to strengthen the gallery's collections. Under Rales' presidency, the advanced key initiatives, including significant acquisitions that diversified its holdings, such as the purchase of Jaune Quick-to-See Smith's "I See Red: Target" (1992), the institution's first painting by a Native American artist, addressing themes of race and identity. Other notable additions included Jonas Wood's ", Drain, Pipe" (2018) in 2021, expanding contemporary representations, and a group of 40 works from the Souls Grown Deep Foundation by African American artists from the , acquired that same year to bolster the modern collection. Exhibitions supported during this period, such as the 2022 "Afro-Atlantic Histories," highlighted transatlantic experiences and drew on enhanced funding to integrate new acquisitions into programming. Rales and his wife, , facilitated donations and loans from their personal and Museum collections to the , including the 2021 gift of Katharina Fritsch's "" (2013), a vibrant ceramic sculpture that enriched the contemporary holdings. Their contributions, recognized through benefactor status for cumulative gifts exceeding $5 million in funds and art, directly supported these efforts. Rales' leadership emphasized advocacy for the preservation and expansion of American art within the National Gallery's scope, prioritizing diverse voices and modern works to reflect broader cultural narratives, as evidenced by targeted acquisitions like WalkingStick's piece amid ongoing discussions of Indigenous representation. This approach complemented the gallery's role as a public steward of national heritage, fostering growth in its postwar and contemporary American collections during a period of institutional transition.

Sports investments

Washington Commanders ownership

In 2023, Mitchell Rales joined a consortium led by Josh Harris to acquire the Washington Commanders from longtime owner Dan Snyder for a record $6.05 billion, marking Rales' entry into professional sports ownership. As a limited partner and one of the primary investors, Rales holds a significant minority stake in the franchise, contributing his substantial wealth from industrial ventures to the deal. This investment aligned with Rales' longstanding ties to the Washington, D.C., area, where he relocated as a child in the 1960s and developed a passion for the team during its Redskins era. As part of the ownership group, Rales has participated in key decisions aimed at revitalizing the franchise, including affirming the post-acquisition commitment to the Commanders name—a from the prior iteration that occurred under Snyder in 2022—stating that revisiting it was not a priority as "that ship has sailed." His involvement extends to strategic planning for the team's future, particularly in pursuing a new to replace the aging FedExField. By September 2025, the D.C. City Council approved construction of a $3.7 billion complex on the RFK Memorial Stadium site, with groundbreaking slated for fall 2027 and an anticipated opening in 2030, reflecting the group's push for a modern venue to enhance fan experience and economic impact. Under the new ownership, the Commanders experienced a resurgence by 2025, building on a successful 2024 season that culminated in playoffs and a loss to the , with Rales personally greeting players and staff afterward to commend their efforts. Early in the 2025 season, the team focused on sustaining momentum amid challenges, including a Week 8 loss to the , while Rales emphasized community engagement to "ignite and inspire" the local fan base through initiatives tied to the franchise's regional roots.

Personal life

Marriage and family

Mitchell Rales was first married to Lyn Goldthorp Rales, with whom he had two children before their divorce in 1999. In 2008, Rales married , an art historian and former who had previously worked on exhibitions at contemporary galleries. Rales and his second wife have two young children, born after their marriage, and the family maintains a high degree of regarding personal details. has played a central role in the couple's shared interest in art collecting, co-founding the Glenstone Museum with her husband in 2006 and serving as its director, where they collaborate on integrating with and .

Residence and net worth

Mitchell Rales is a United States citizen, born in Pittsburgh, Pennsylvania, and maintains strong ties to the Washington, D.C. metropolitan area through his long-term residence and business activities. His primary residence is an expansive estate in Potomac, Maryland, which integrates seamlessly with the 300-acre Glenstone property that he and his wife developed as a private art museum and sculpture park. The estate, located on Glen Road, reflects his commitment to blending personal living spaces with cultural and natural environments, including custom homes and expansive grounds designed for privacy. As of November 16, 2025, estimates Rales's at $4.3 billion, derived primarily from his significant holdings in stock and diversified investments in manufacturing and other sectors. also assigns him a philanthropy score of 4, recognizing his substantial contributions to and cultural institutions. Rales embodies a low-profile lifestyle, prioritizing privacy and immersion in cultural pursuits over public visibility, as evidenced by his reclusive approach to wealth and focus on art collecting and in the D.C. area.

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  73. https://www.washingtonpost.com/archive/business/1988/06/20/dcs-rich-unassuming-rales-brothers/ee9a3792-10a7-45bd-bfc6-7eb5395524c8/
  74. https://www.ndtv.com/world-news/meet-the-very-wealthy-very-private-couple-behind-washingtons-most-original-museum-glenstone-1921695
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