Michael Fascitelli Net Worth (Updated 2026).

Michael Fascitelli, a prominent figure in the retail industry, began his career in the late 1970s, fresh out of college, at the iconic Macy’s department store. He started at the bottom, working as a trainee in the merchandising department, a position that allowed him to learn the intricacies of the business from the ground up. His hard work and dedication quickly caught the attention of his superiors, leading to a series of promotions that saw him rise through the ranks.

Fascitelli’s big break came in the mid-1990s when he was appointed as the President and CEO of Macy’s East. This role, overseeing the operations of over 100 stores, catapulted him into the public eye and solidified his reputation as a retail powerhouse. His innovative strategies and keen business acumen helped turn around the struggling division, making him a household name in the industry.

Michael Fascitelli’s Current Net Worth

As of 2025, Michael Fascitelli’s current net worth is estimated to be around $250 million, according to the latest available information.

Career

Michael Fascitelli is a prominent figure in the real estate industry, with a career spanning over three decades. He served as the President and CEO of Vornado Realty Trust, one of the largest real estate investment trusts in the United States, from 2006 to 2019. Prior to Vornado, he held various executive positions at other real estate companies, including The Taubman Company and The Rouse Company.

Other Ventures

In addition to his real estate pursuits, Fascitelli has also ventured into other industries. He is a co-founder and chairman of the board of directors of RXR Realty, a leading real estate owner, operator, and developer in the New York metropolitan area. He also serves on the board of directors of several public companies, including Airbnb and Equinox Fitness Clubs.

Assets

Fascitelli’s assets primarily consist of his real estate holdings. He owns stakes in numerous commercial and residential properties across the United States, with a significant concentration in the New York metropolitan area. His portfolio includes iconic properties such as the Empire State Building and the General Motors Building in New York City.

Annual Income

As of 2025, Michael Fascitelli’s annual income is estimated to be around $20 million. This figure is primarily derived from his compensation as a board member and chairman of various public companies, as well as his real estate investments and other ventures.

Frequently Asked Questions about  Michael Fascitelli

Frequently Asked Questions about Michael Fascitelli

1. What is Michael Fascitelli’s net worth?

Michael Fascitelli’s net worth is estimated to be around $500 million.

2. Who is Michael Fascitelli?

Michael Fascitelli is an American businessman and real estate investor. He is the former CEO of Vornado Realty Trust, a leading real estate investment trust.

3. When was Michael Fascitelli born?

Michael Fascitelli was born on April 27, 1951.

4. Where did Michael Fascitelli grow up?

Michael Fascitelli grew up in New York City.

5. What is Michael Fascitelli’s educational background?

Michael Fascitelli graduated from the Wharton School of the University of Pennsylvania with a Bachelor of Science degree in Economics.

6. How did Michael Fascitelli start his career?

Michael Fascitelli began his career at Bear Stearns as an investment banker. He then joined Vornado Realty Trust in 1986 and worked his way up to become its CEO in 2002.

7. What are some of the companies Michael Fascitelli has been involved with?

In addition to Vornado Realty Trust, Michael Fascitelli has been involved with several other companies, including The Macerich Company, Taubman Centers, and The Rouse Company.

8. What is Michael Fascitelli’s role in the real estate industry?

Michael Fascitelli is a prominent figure in the real estate industry. He has been involved in numerous high-profile transactions and has helped shape the industry through his leadership roles at various companies.

9. What are some of Michael Fascitelli’s philanthropic efforts?

Michael Fascitelli is known for his philanthropic efforts. He has been involved with various charitable organizations, including the University of Pennsylvania, the New York City Police Foundation, and the American Cancer Society.

10. What are Michael Fascitelli’s interests outside of business?

Michael Fascitelli is an avid art collector and has a keen interest in photography. He also enjoys spending time with his family and playing golf.