<Tr> <Th> Children </Th> <Td> </Td> </Tr> <Tr> <Th> Relatives </Th> <Td> Max Fisher (uncle) </Td> </Tr> <P> Stephen M. Ross (born May 10, 1940) is an American real estate developer, philanthropist and sports team owner . Ross is the chairman and majority owner of The Related Companies, a global real estate development firm he founded in 1972 . Related is best known for developing the Time Warner Center, where Ross lives and works, as well as the Hudson Yards Redevelopment Project . According to Forbes magazine, Ross had a net worth of $4.4 billion . Ross is also the principal owner of the Miami Dolphins and Hard Rock Stadium . </P> <P> Ross is a major benefactor of his alma mater, the University of Michigan; with lifetime contributions of $378 million to the university, he is the largest donor in university history . According to the Chronicle of Philanthropy, His higher education gifts rank behind only those of fellow American billionaire New York City mayor Michael Bloomberg, whose recent $350 million contribution to Johns Hopkins University increased his lifetime total to $1.1 billion . The University of Michigan renamed its business school, the Ross School of Business, in Ross's honor in 2004, after he made a $100 million gift to fund a new business - school building . In September 2013, Ross donated $200 million to the University ($100 million to the Business School and $100 million to Michigan athletics), the largest single gift in the history of the university; the University of Michigan announced plans to rename the university's athletics campus in his honor . He also gave $5 million to the athletic department's academic center and $1 million to endow a professorship in real estate at the Ross School of Business . </P>

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