Steve Roth, a name now synonymous with real estate, began his career in the late 1960s, a time when the industry was vastly different from what it is today. Roth’s journey started in the humble setting of his father’s real estate business in New York City. He spent his early years learning the ropes, understanding the intricacies of the market, and honing his skills in property management and sales.

Roth’s big break came in the 1980s when he founded Vornado Realty Trust. This company, which he still chairs today, became a game-changer in the real estate landscape. Under his leadership, Vornado grew from a small regional player to a national powerhouse, known for its strategic acquisitions and innovative approaches to real estate development. It was during this period that Roth’s fame began to grow, as he became recognized as a visionary in the industry.

Steve Roth’s Current Net Worth (2025)

As of 2025, Steve Roth’s current net worth is estimated to be around $5 billion, according to Forbes. This significant wealth is primarily attributed to his successful career in the real estate industry.

Career

Steve Roth is the founder and chairman of Vornado Realty Trust, a prominent real estate investment trust (REIT). He co-founded the company in 1980 and has since grown it into one of the largest REITs in the United States. Roth is known for his strategic acquisitions and developments, focusing on high-quality office and retail properties in major urban markets.

Other Ventures

In addition to Vornado, Roth has invested in various other ventures. He is a significant shareholder in several public companies, including Bed Bath & Beyond and Signet Jewelers. Roth also serves on the boards of these companies, providing strategic guidance and oversight.

Assets

Roth’s assets include a diverse portfolio of real estate holdings, primarily through Vornado. He also has significant equity stakes in public companies and personal investments in various industries. Roth’s primary residence is a luxurious apartment in New York City, valued at over $40 million.

Annual Income

Roth’s annual income is primarily derived from his role at Vornado. In 2021, his total compensation was approximately $25 million, including salary, bonuses, and other forms of compensation. This figure can vary from year to year, depending on the company’s performance and Roth’s role in its strategic decisions.

Frequently Asked Questions about  Steve Roth

Frequently Asked Questions: Steve Roth Net Worth

1. What is Steve Roth’s net worth?

Steve Roth’s net worth is estimated to be around $6.2 billion.

2. How did Steve Roth make his fortune?

Steve Roth made his fortune through his real estate development and investment company, Vornado Realty Trust, which he co-founded in 1982.

3. What is Vornado Realty Trust?

Vornado Realty Trust is a real estate investment trust (REIT) that invests in and develops commercial properties, including office buildings, retail spaces, and logistics facilities.

4. How much of Vornado Realty Trust does Steve Roth own?

As of 2021, Steve Roth owns approximately 29% of Vornado Realty Trust’s outstanding shares.

5. What is Steve Roth’s role at Vornado Realty Trust?

Steve Roth serves as the Chairman and CEO of Vornado Realty Trust.

6. Where is Steve Roth based?

Steve Roth is based in New York City, where Vornado Realty Trust’s headquarters are located.

7. What is Steve Roth’s educational background?

Steve Roth graduated from the University of Michigan with a Bachelor of Business Administration degree in 1968.

8. Has Steve Roth written any books?

Yes, Steve Roth has written a book titled “The Reckoning: The Final Years of the Iraq War” which was published in 2014.

9. What is Steve Roth’s political affiliation?

Steve Roth is a registered Democrat and has made political donations to Democratic candidates and causes.

10. What is Steve Roth’s philanthropic work like?

Steve Roth and his wife, Susan, have been involved in various philanthropic efforts, including supporting education, healthcare, and cultural institutions. They established the Roth Family Foundation in 1998 to manage their charitable giving.