Early Life
Stewart J. Rahr was born in Queens, New York, in 1946, into a Jewish family. He began his career working in his father's pharmacy in Brooklyn. He graduated from New York University with a B.A. degree and attended New York University Law School before dropping out to take over the family's pharmacy business.
Rise to Success
Rahr focused on the wholesale side of the pharmacy business, expanding it into Kinray Inc.. By 2010, Kinray served over 2,000 pharmacies in the Northeastern United States and generated revenues of over $5 billion. Rahr sold Kinray to Cardinal Health in 2010 for $1.3 billion, making him a billionaire.
Key Business Strategies
Rahr's success was significantly due to expanding the family business into a large pharmaceutical distribution company, Kinray Inc. He focused on serving independent pharmacies, which allowed him to build a substantial business and create significant profits.
Philanthropy
Stewart Rahr is known for his extensive philanthropy. He has donated millions to cancer research, organizations like the Make-A-Wish Foundation, Hurricane Sandy relief, and the Buoniconti Fund to Cure Paralysis.