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Billionaires Bid Against One Another at NBA All Star Game

Written by:
Alejandro Botticelli
Published on:
Feb/14/2010

NY pharma Billionaire Stewart Rahr & Florida tourism billionaire Micky Arison bid against one another @ Saturday's 2010 NBA ALL-STAR Wade's World foundation event, with Rahr coming up on top with a 100K winning bid for a "Miami Heat" experience, allowing lunch with Dwayne Wade, and a pair of court side Miami Heat tickets.

Cheering on the billionaire bids were Alicia Keys, Spike Lee, Magic Johnson, real estate magnate Edward Mermelstein, and others.

Stewart Rahr is the owner of the drug wholesaler Kinray, one of the largest private pharmaceutical companies in the world.

An NYU Law School dropout, Rahr started wholesaling products to other drugstores out of his father's Brooklyn pharmacy in the late 1960s. He ultimately built the business into the privately-held behemoth Kinray, which now pulls in a whopping $4 billion a year in sales.

Rahr is a high profile philanthropist, and is known for the $45 million house he purchased in the Hamptons and his regular appearances in gossip columns.

Arison owns the Miami Heat and is Chief Operating Officer of Carnival Cruise Lines. 

Forbes magazine places Arison's wealth at $6.1 billion, making him the 94th wealthiest person in the world as of 2006. He is the son of the late Ted Arison, Carnival Corporation's founder.

Alejandro Botticelli, Gambling911.com 

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