Stewart J Rahr is an American entrepreneur, investor and philanthropist.
21 Facts About Stewart Rahr
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Stewart Rahr was raised in a Jewish family in Far Rockaway section of Queens, New York.
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The business served as a wholesaler for other pharmacies and Stewart Rahr focused on the wholesale side of the business.
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Stewart Rahr expanded the business into a large operation named Kinray Inc By 2010, Kinray served over 2,000 pharmacies in the Northeastern United States with revenues of over $5 billion.
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Stewart Rahr was able to grow the business through the stockpiling of pharmaceuticals and relied on drug price inflation to maximize his profit margin when he sold the extra inventory to retail pharmacies at a later date.
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In 2010, Stewart Rahr sold Kinray to Cardinal Health for $1.3 billion.
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In 2020, Stewart Rahr ranked No 359 on the Forbes 400 list of the richest people in America.
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In 2012, Stewart Rahr donated $640,000 to the Israel Cancer Research Fund, a source of private funds for cancer research in Israel.
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In late 2012, Stewart Rahr donated $100,000 to the Salvation Army for Hurricane Sandy relief efforts.
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Stewart Rahr donated $50,000 to help repair the Russian American Jewish Experience in Brighton Beach, which was severely damaged by Hurricane Sandy.
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In 2013, Stewart Rahr was named the largest individual donor to the Metro New York chapter of the Make-A-Wish Foundation.
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In 2013, Stewart Rahr donated $10 million to the Make-A-Wish Foundation, the largest contribution in its history.
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In January 2014, Stewart Rahr sponsored the flight of 64 members of the Knesset to the memorial service at Auschwitz for Holocaust Remembrance Day.
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In February 2014, on a visit to Israel, Stewart Rahr donated money to provide new ambulances to United Hatzalah, an organization dedicated to improving response time to those in medical need throughout Israel.
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Also in 2014, Stewart Rahr made a $500,000 donation to the North Shore Animal League America.
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In 2013, Stewart Rahr agreed to pay Carol $250 million as a settlement.
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In November 2012, Stewart Rahr was banned from the restaurant Nobu in New York.
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Stewart Rahr has an apartment in the Trump Park Avenue building.
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In 2005, Stewart Rahr purchased a house in The Hamptons for $45 million.
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Stewart Rahr sold an apartment at on 72nd Street in 2013.
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In February 2019, Stewart Rahr was identified as the purchaser of a portrait of President Trump.