Stewart Rahr was raised in a Jewish family[1][2] in Far Rockaway section of Queens, New York.
[6][7] Rahr was able to grow the business through the stockpiling of pharmaceuticals and relied on drug price inflation to maximize his profit margin when he sold the extra inventory to retail pharmacies at a later date.
[11] In late 2012, Rahr donated $100,000 to the Salvation Army for Hurricane Sandy relief efforts.
[12] He also donated $50,000 to help repair the Russian American Jewish Experience (RAJE) in Brighton Beach, which was also severely damaged by Hurricane Sandy.
[13][better source needed] In 2013, Rahr was named the largest individual donor to the Metro New York chapter of the Make-A-Wish Foundation.
[3][15][16] In January 2014, Rahr sponsored the flight of 64 members of the Knesset to the memorial service at Auschwitz for Holocaust Remembrance Day.
According to testimony from Michael Cohen, Rahr bought a nine-foot-tall portrait of Trump from artist William Quigley for $67,000.
[33] In March 2021, he sold his 18,000-square-foot home called Burn Point on Georgica Pond in Wainscott, New York for $49.7 million.