Law Schools, Money, New York Observer

From Law School Dropout to Billionaire: Meet Stewart Rahr

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Should you drop out of law school? In last week’s debate, I argued against the proposition, and in favor of staying in school.

But the decision to drop out of law school works out well for some people. Take Stewart Rahr, the subject of a recent, interesting profile in the New York Observer.

Back in 1969, Rahr dropped out of NYU Law School, to work for his father’s pharmacy in Brooklyn. Where is Stewie Rahr today?

Rolling around in great big piles of cash, that’s where. Today Rahr, who made his fortune as a pharmaceutical wholesale distributor, is a billionaire. Reports Thomas Golianopoulos, in the Observer:

Stewart Rahr is the richest, most well-connected New Yorker you have never heard of. According to the 2009 Forbes 400, he is worth $1.9 billion and is the 183rd richest American.

From law school dropout to billionaire. That’s an even bigger jump in status than the one from fourth-tier law school graduate to multimillionaire. [FN1]

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In the end, success isn’t based on where you got — or didn’t get — your education. It’s what you do with your education that counts.

[FN1] For the record, Glenn Reynolds of Instapundit isn’t shocked by the move from fourth-tier law grad to super-rich lawyer.

Stewie Rah Rah, Pharma’s King of Fun [New York Observer]

Earlier: Cut Your Losses, or Finish Law School? An ATL Debate
Lawyer of the Day: David J. Stern, Fourth-Tier Law Grad Turned Multimillionaire

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