I posted a story about Danaher a few days ago. Now this:
Steven and Mitchell Rales, the billionaire brothers behind industrial conglomerate Danaher Corp., shifted $3.3 billion in shares to their charitable foundations in one of the largest ever transfers of its kind.
The move earlier this month allocates billions for future donations from two of the world’s wealthiest people, who’ve eschewed the limelight while building a high-tech manufacturing empire. In addition to life sciences-focused Danaher, they own stakes in machinery company Colfax Corp. and advanced instrumentation-maker Fortive Corp.
“We’re not leaving the Earth with any money,” Mitchell told the Washington Post in 2018. “When we go, there’s not going to be money bestowed on children and grandchildren in any meaningful way.”
Steven, 70, and Mitchell, 64, are worth $10 billion and $7.9 billion, respectively, according to the Bloomberg Billionaires Index, making them the 250th and 358th richest people in the world.
Their fortunes have been propelled by shares of Washington, D.C.-based Danaher, the firm they founded almost four decades ago. Its stock is up 22% this year to a record high, boosted by hunger for lab products and this month’s $9.6 billion cash purchase of Aldevron, a maker of the building blocks of mRNA vaccines.
Much more at the link.
There are probably some interesting dots to connect. Note: "Wei" and "kaizan."
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