Stewart Rahr

Stewart Rahr was the owner of pharmaceutical and generics wholesaler Kinray, which was the largest [1] privately owned pharmaceutical distributor in the world. Kinray was bought out by Cardinal Health in 2010.[2]

Starting from his family-owned pharmacy business in Brooklyn, New York, Rahr expanded his business to a wholesale operation that served 4000 pharmacies in the Northeast, with revenues of over $5 billion.[3]

He is the largest individual Make-A-Wish donor in the world.[4] He is also noted for the house[5] he purchased in the Hamptons for $45 million,[6] reportedly the highest price ever paid in the state for a single-family home.[7]

According to Forbes, he is the 330th richest American, and 879th richest person in the world with an estimated worth of $1.4 billion in 2011. [8]

References

  1. ^ "#183 Stewart Rahr - The Forbes 400 Richest Americans 2009". Forbes. 2009-09-30. http://www.forbes.com/lists/2009/54/rich-list-09_Stewart-Rahr_3NXG.html. Retrieved 2009-09-30. 
  2. ^ Dinah Wisenberg Brin, "Cardinal Health to Purchase Kinray", Wall Street Journal, November 19, 2010
  3. ^ Banjo, Shelly (2010-05-29). "Rahr's Wishful Thinking". The Wall Street Journal. http://online.wsj.com/article/NA_WSJ_PUB:SB10001424052748703957604575272833736032858.html. Retrieved 2010-05-29. 
  4. ^ "Unveiling Stewart Rahr's Wall of Wishes". The Make-A-Wish Foundation. http://metrony.wish.org/2010/04/07/24475/. Retrieved 2010-03-31. 
  5. ^ "$45 Million Record". Forbes. http://www.forbes.com/2005/01/07/cx_sc_0107movers.html. 
  6. ^ Saul, Stephanie (2005-01-26). "Making a Fortune by Wagering That Drug Prices Tend to Rise". The New York Times. http://www.nytimes.com/2005/01/26/business/26rahr.html. 
  7. ^ Newsday, December 31, 2004
  8. ^ "Stewart Rahr - Forbes". Forbes. March 9, 2011. http://www.forbes.com/profile/stewart-rahr. Retrieved May 16, 2011.