Stewart Rahr, the flamboyant philanthropist billionaire donated $100,000 this week to The Salvation Army to directly benefit Hurricane Sandy victims. Rahr made the donations live on the air during a ABC/NY radio show program with the famed Geraldo Rivera.
The gregarious Stewart Rahr is listed as #298 on the Forbes 400 according to Forbes Magazine. Rahr sold Kinray, his pharmaceutical distribution company for $1.3 billion. When he sold, he set aside $100 million to establish the Rahr Foundation, where he donates considerable funds to charities. Stewart Rahr was born in Brooklyn, and raised in Queens.
A law school dropout, Rahr built his pharmaceutical business in Queens and raised in Queens. “The devastation in the Tri-State area is awful and it is my obligation to help people in need,” said Stewart Rahr.
“Too often, successful people forget the struggles of others, but not Stewart Rahr the philanthropist. Stewart is someone I am happy to call a friend – he isthoughtful, enormously generous, and deeply compassionate. Everyone involved in raising money for victims of Hurricane Sandy deeply appreciates the one and only Stewart Rahr,” said Geraldo Rivera.
Other recent donations by Rahr include funds the Melanoma Research Alliance, The American Fallen Soldiers Project, Harboring Hearts Foundation,the Susan B. Komen Foundation, Amfar, Play For Pink, Joe Torre Safe at Home Foundation, and other causes.