Steven Roth, a name that has become synonymous with real estate success, began his career in the late 1960s, a time when the industry was vastly different from what it is today. Born and raised in New York City, Roth’s journey started at the age of 21 when he purchased his first apartment building, a small, rundown property in the Bronx. With a keen eye for potential and a strong work ethic, he transformed the building into a thriving residence, marking the beginning of his impressive career.

Steven Roth’s Net Worth in 2025

As of 2025, Steven Roth’s net worth is estimated to be around $7 billion. This significant figure reflects his successful career and strategic investments in the real estate industry.

Career

Steven Roth is the founder and chairman of Vornado Realty Trust, one of the largest real estate investment trusts in the U.S. He co-founded the company in 1982 and has since grown it into a multi-billion dollar enterprise, with a portfolio consisting of high-quality office, retail, and residential properties.

Other Ventures

In addition to Vornado, Roth has invested in various other businesses. He is a significant shareholder in companies like Anheuser-Busch InBev and has also invested in technology startups like Airbnb and Uber.

Assets

Roth’s assets include a substantial real estate portfolio, both personally and through Vornado. He also has significant equity holdings in public companies and investments in private equity and venture capital funds. His primary residence is a luxurious apartment in New York City.

Annual Income

As of 2021, Steven Roth’s annual salary from Vornado Realty Trust was $2 million. However, his total annual income is likely much higher, considering his investments and other business ventures.

Frequently Asked Questions about  Steven Roth

What is Steven Roth’s net worth?

Steven Roth’s net worth is estimated to be around $5.5 billion.

How did Steven Roth make his fortune?

Steven Roth made his fortune as the CEO and Chairman of Vornado Realty Trust, a real estate investment trust (REIT) that he co-founded in 1982.

What is Vornado Realty Trust?

Vornado Realty Trust is a real estate investment trust (REIT) that owns, manages, acquires, and develops real estate, primarily in the United States. It focuses on office, retail, and residential properties.

How long has Steven Roth been with Vornado Realty Trust?

Steven Roth has been with Vornado Realty Trust since its inception in 1982. He served as its CEO from 1982 to 2020 and continues to serve as its Chairman.

Who is the current CEO of Vornado Realty Trust?

Michael J. Franco is the current CEO of Vornado Realty Trust. He succeeded Steven Roth in 2020.

What other businesses is Steven Roth involved in?

In addition to Vornado Realty Trust, Steven Roth is also involved in various other businesses and investments. He is a co-owner of the NBA’s New York Knicks and the WNBA’s New York Liberty, and he has investments in several other companies.

Where does Steven Roth live?

Steven Roth resides in New York City, New York.

What is Steven Roth’s educational background?

Steven Roth graduated from the University of Pennsylvania with a Bachelor of Science degree in Economics. He also has a Master of Business Administration degree from the Wharton School of the University of Pennsylvania.

What is Steven Roth’s political affiliation?

Steven Roth is a registered Democrat.

What are some of Steven Roth’s philanthropic endeavors?

Steven Roth and his wife, Susan, have been involved in various philanthropic endeavors. They have made significant donations to educational institutions, medical research, and cultural organizations. They also established the Roth Family Foundation to support these causes.