Schottenstein Net Worth (Updated 2025).
Schottenstein, born in Columbus, Ohio, began his career in the retail industry at a young age. He started by working at his family’s department store, Lazarus, after graduating from Ohio State University. This hands-on experience laid the foundation for his future entrepreneurial pursuits.
In the early 1980s, Schottenstein saw an opportunity in the growing demand for discount retail. He founded DSW Inc., an acronym for Designer Shoe Warehouse, in 1989. With a focus on offering a wide variety of shoes at discounted prices, DSW quickly gained popularity among consumers. This success catapulted Schottenstein into the spotlight, making him a prominent figure in the retail industry.
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Schottenstein’s Current Net Worth (2025)
As of 2025, Schottenstein’s current net worth is estimated to be around $2.5 billion, according to Forbes. This figure is subject to change based on market fluctuations and business performance.
Career
Schottenstein is the CEO of American Electric Power (AEP), a position he’s held since 2011. Prior to this, he served in various roles at AEP, including President and Chief Operating Officer. He joined AEP in 1984 and has since played a pivotal role in the company’s growth and success.
Other Ventures
In addition to his role at AEP, Schottenstein serves on the boards of several other companies and organizations. He’s a director at the Federal Reserve Bank of Cleveland and a trustee at Ohio State University. He’s also involved in various philanthropic efforts, primarily focused on education and community development.
Assets
Schottenstein’s assets include a significant stake in AEP, valued at over $150 million. He also owns several properties, including a residence in Columbus, Ohio, valued at around $2 million. His art collection, which includes works by renowned artists like Andy Warhol and Roy Lichtenstein, is estimated to be worth tens of millions of dollars.
Annual Income
As of 2021, Schottenstein’s annual salary at AEP was $1.5 million. He also receives other forms of compensation, such as stock awards and non-equity incentive plan compensation, which totaled over $7 million in 2021. His total compensation for 2021 was approximately $11 million.
Frequently Asked Questions about Schottenstein
**Frequently Asked Questions about Schottenstein Net Worth**
1. What is Schottenstein’s net worth?
Schottenstein’s net worth is estimated to be around $1.5 billion.
2. How did Schottenstein build his wealth?
Schottenstein built his wealth through his retail business, DSW Inc., which he co-founded in 1991. The company specializes in footwear and operates under the brands DSW Designer Shoe Warehouse and Shoe Palace.
3. Is Schottenstein a billionaire?
Yes, Schottenstein is a billionaire. His net worth places him among the wealthiest individuals in the world.
4. What is Schottenstein’s annual income?
Schottenstein’s annual income is not publicly disclosed. However, as the majority shareholder and former CEO of DSW Inc., his income would primarily come from the company’s profits and his personal investments.
5. What is Schottenstein’s company DSW Inc. worth?
As of 2021, DSW Inc. has a market capitalization of over $2 billion.
6. How much of DSW Inc. does Schottenstein own?
Schottenstein owns approximately 15% of DSW Inc.’s outstanding shares.
7. What is Schottenstein’s role in DSW Inc.?
Schottenstein served as the CEO of DSW Inc. from 1991 until 2015. He then served as the Executive Chairman until 2019. Currently, he is the Chairman of the Board of Directors.
8. What other businesses is Schottenstein involved in?
In addition to DSW Inc., Schottenstein has investments in various other businesses, including real estate and private equity. He also serves on the board of several other companies.
9. How does Schottenstein give back to the community?
Schottenstein and his family are known for their philanthropic efforts. They have made significant donations to various charitable causes, including healthcare, education, and Jewish communal services.
10. What is Schottenstein’s education background?
Schottenstein graduated from Ohio State University with a Bachelor of Science degree in Business Administration. He also has an MBA from the University of Michigan’s Ross School of Business.
