Meet the billionaire who masterminded Miami's introduction onto the Formula One calendar

dailystar.co.uk:

Formula One heads to a new venue that has aspirations of rivalling Monte Carlo as the crown jewel in the annual calendar.The road to Miami was not a smooth one, however, with plans for a downtown street race scrapped, while even using roads around the Hard Rock Stadium was problematic as fans expressed their concerns - eventually resulting in a semi-permanent, custom built circuit around the stadium itself.Landing a 10-year contract with F1, Miami is here to stay and is the first of two United States races on the calendar this year, with Austin once again hosting in a few months time, while Las Vegas will take the US tally of Grand Prix races to three when it makes it's own debut next year.Stephen M Ross is the man responsible for bringing Formula One to Miami, trying for years to get the race on the calendar and the using his ownership of the Hard Rock Stadium to play host to the event, finally bring the plans out of limbo and moving forward to put the city on the calendar.Born in Detroit in May 1940, Ross has a net worth of $7.7bn (£6.2bn) and founded The Related Companies, a global real estate company, in 1972.

The company is well known for developing the Time Warner Centre in New York, as well as the Hudson Yards Redevelopment Project.While that put him on the map, the turning point came in 2008 as he has doubled his net worth in the years since, and he purchased NFL franchise the Miami Dolphins in 2008 with a 50% stake.The following year, Ross finalised the purchase of another 45% to give him 95% ownership of the team and the Hard Rock Stadium, while in the following years he brought in singer Gloria Estefan and tennis duo Venus Williams and Serena Williams as minority shareholders.In 2012, further attentions were.