Billionaire Stephen Ross, the chairman and owner of the parent company that owns SoulCycle, Equinox Fitness, and many other companies, is hosting a multi-million dollar Hamptons fundraiser for President Donald Trump this weekend, and many across the country are furious. The backlash includes calls for members to cancel their memberships and boycott.
Ross, like many billionaires (except the beneficiary of the upcoming fundraiser) is not in the public eye much. His businesses, while for many are household names (or even, the owner of their households) are not frequently tied to his name, unlike other billionaire families: The Trump Organization, Walmart’s Walton family, the Koch Brothers’ Koch Industries.
As NCRM reported Wednesday, Ross owns The Related Companies, a multi-billion dollar real estate development and management firm.
After massive backlash, including from numerous celebrities furious that Ross is effectively helping to fund the anti-immigrant and white supremacist hate Trump and his campaign are spewing, The Related Companies pulled the plug on the page that lists its holdings – the companies it owns.
New York Magazine writer Matthew Schneier noticed the block:
Hope you weren’t curious what other brands Related owns, because as of today, your access to that part of its website has been denied https://t.co/zW0PSWVjKo
— Matthew Schneier (@MatthewSchneier) August 8, 2019
Of course, the page has been archived by the famous Wayback Machine, one of the internet’s best resources, so you can see all the companies Ross owns here. (Appears to not work with Safari.)
Among the companies Ross owns, in addition to The Related Companies, are the Miami Dolphins, Hard Rock Stadium, and RSE Ventures, a sports, entertainment, media, and marketing firm.
The Related Companies owns Equinox Fitness health clubs, along with SoulCycle, PURE Yoga, Blink Fitness, and The Yorkville Club. The Related Companies is one of two developers in charge of the redevelopment of 28 acres in and around Manhattan’s Chelsea neighborhood, known as the Hudson Yards project.
There’s more at the archived page.
Lastly, on Wednesday SoulCycle and Equinox both issued similar statements claiming Ross is merely a “passive investor.” He is the chairman and majority owner of their parent company, The Related Companies.
“Stephen M. Ross is the Chairman and Founder of Related Companies,” the company’s website proudly states. “Mr. Ross formed Related in 1972 and today the company includes over 3,500 professionals. Related is one of the largest owners of affordable housing, and has over $50 billion in real estate assets owned or under development, including mixed-use, residential, retail and office properties in premier high-barrier-to-entry markets. Mr. Ross is also the owner of the Miami Dolphins.”
Trump defiantly refuses to condemn extremists groups at debate: ‘Proud Boys, stand back and stand by’
President Donald Trump on Tuesday refused an opportunity to disavow right-wing extremists and white supremacist groups.
At his first 2020 presidential debate, Trump was asked if he would speak out against the extremist groups.
"Are you willing, tonight, to condemn white supremacist and militia groups and to say that they need to stand down?" moderator Chris Wallace asked the president.
"I would say almost everything I see is from the left wing," Trump complained. "I'm willing to do anything. I want to see peace."
"Do it, sir," Wallace said.
"Say it," Democratic candidate Joe Biden chimed in.
‘He’s Putin’s puppy’: Biden rips Trump — and the president freaks out and breaks the debate rules
Former Vice President Joe Biden invoked President Donald Trump's subservience to Russian President Vladimir Putin during the first 2020 general election presidential debate.
"With regard to being weaker, the fact is I have gone head to head with Putin and made it clear to him we're not going to take any of his stuff," Biden said.
"He's Putin's puppy! He refuses to say anything to Putin about the bounty on the heads of American soldiers," Biden charged.
At that point, Trump interrupted to distract by talking about Hunter Biden.
"Mr. President, your campaign agreed to both sides would get two-minute answers, uninterrupted," moderator Chris Wallace noted. "Your side agreed to it and why don't you observe what your campaign agreed to as a ground rule, okay, sir?"
Chris Wallace yells at Trump after debate goes off the rails: ‘Frankly, you’ve been doing more interrupting’
Fox News moderator Chris Wallace admonished President Donald Trump for repeatedly refusing to let Democratic nominee Joe Biden have the floor at Tuesday night's debate.
Nearly an hour into the debate, Wallace seemed to realize that he had lost control of the president.
"No!" Wallace exclaimed as Trump tried to talk over him. "The answer to the question is no!"
But the president refused to be silent.
"Stop!" Wallace yelled. "Gentleman! I hate to raise my voice by why should I be different than the two of you?"
"We have ended that segment, we're going to go to the next segment," the moderator explained, turning to Trump. "I think that the country would be better served if we allowed both people to speak with fewer interruptions. I'm appealing to you, sir, to do that."