STEPHEN ROSS

• Hochul donations :

• Ross gave $69,700 to Hochul (the maximum amount in a cycle) since 8/13/21.

• Ross’s daughter Jennifer Ross also gave Hochul $69,700.

• Net worth: $11.6 billion56

• CEO & Chairman of Related Companies, a NYC real estate developer

• The real estate mogul also owns the Miami Dolphins, Equinox, and SoulCycle. 57

• Ross has reportedly spent over half a billion dollars on his personal real-estate portfolio, with properties in Hudson Yards, Tribeca, Palm Beach, and elsewhere. 58

• Ross’ company got billions in subsidies for “the largest private real estate development in the history of the United States”59

• The Hudson Yards project in New York City—termed a “playground for billionaires”—diverted important resources away from community investment. In total, an estimated $6 billion in tax breaks and government assistance went to the project. 60

• Ross received widespread public criticism after hosting one of two Hamptons fundraisers that raised $12 million for Trump in 2019. 61

• Ross is the chair emeritus of the Real Estate Board of NY, one of the largest and most powerful landlord lobbying groups. 62

• Since becoming governor, Hochul has received at least $9.1 million in combined donations from New York landlords and real estate developers, including Ross.

• These powerful interests stand to gain or lose a lot, based on lucrative government subsidies and debates in the New York legislature on tax breaks and renter protections. 63