Forbes published its annual list of the richest people on the planet with its billionaire’s list. These billionaires are worth $4.5 trillion, and the cutoff to make the list stands at a record-tying $2.9 billion.
Today, I will uncover the richest person in Potomac, Maryland.
According to Forbes Magazine, seven billionaires on the Forbes 400 consider Maryland home, but only two people are wealthier than Mitchell Rales, who lives in Potomac, Maryland, with a net worth of 4.7 billion, making him the second richest man in Maryland.
Who is Mitchell Rales?
Mitchell Rales is an American billionaire business executive and collector of modern art. He co-founded Danaher Corporation in 1984 and is the chairman of its executive committee. He was also President of the Company from 1984 to 1990.
Mitchell Rales was born in 1956 in Pittsburgh, Pennsylvania. Mitchell is one of four sons of Ruth and Norman Rales.
Norman Rales grew up in the Hebrew Orphan Asylum in New York City during the Great Depression. He overcame many obstacles and became a successful entrepreneur selling building supplies. Norman had four sons: Mitchell, Joshua, Steven, and Stewart.