Steven Roth

$1.10 B

Ranked #1941 in World

About Steven Roth

Steven Roth, an influential American real estate investor and the driving force behind Vornado Realty Trust—New York City's largest commercial landlord—has left an indelible mark on the urban landscape. Born in 1941 to a Jewish family, Roth's journey from a Bronx high school to the halls of Dartmouth College laid the foundation for a storied career. With the establishment of Interstate Properties in 1964 and subsequent ventures such as the acquisition of Alexander's, Roth has shaped Manhattan's skyline. Beyond his business acumen, Roth's political involvement and philanthropy, including significant contributions to Dartmouth and the arts, underscore his multifaceted impact. Married to Daryl Roth, with whom he shares two children, Roth's personal life has also been marked by resilience, notably overcoming heart surgery in 2017.

Born

November 12, 1941

Age

84 years

Source Of Wealth

Real Estate

Industries

Real Estate

Citizenship

United States

Residence

New York, New York

Education

Bachelor of Arts/Science, Dartmouth College; Master of Business Administration, Tuck School of Business

Spouse

Daryl Roth

Children

2, including Jordan Roth

Steven Roth, born in 1941, hails from a Jewish family. He grew up in the Bronx, New York, and attended DeWitt Clinton High School. Roth went on to pursue higher education, earning an A.B. from Dartmouth College in 1962 and an M.B.A. from the Tuck School of Business at Dartmouth in 1963.

Steven Roth: Family

Steven Roth is married to Broadway producer Daryl Roth. Together, they have two children: Jordan Roth and Amanda Roth Salzhauer.

Steven Roth: Career Highlights

Roth's career in real estate began in 1964 when he co-founded Interstate Properties with seed money from David Mandelbaum. He later purchased an interest in the New Jersey discount appliance chain, Two Guys, and eventually gained control of its parent company, Vornado. In 1980, Roth founded Vornado Realty Trust and took it public in 1993. Throughout the years, he made significant acquisitions, including a controlling interest in Alexander's in 1995, seven Midtown office buildings from Bernard H. Mendik in 1997, and 20 more office buildings in Manhattan in 1998, including One Penn Plaza.

Steven Roth: Companies

Steven Roth is the founder and chairman of Vornado Realty Trust, the largest commercial landlord in New York City. He also co-founded Interstate Properties and served as its managing general partner. Additionally, Roth was the chairman and chief executive officer of Alexander's.

Steven Roth: Major Achievements

Roth's major achievements include building Vornado Realty Trust into the largest commercial landlord in New York City. He was instrumental in acquiring several iconic properties, including 1290 Sixth Avenue, which he co-owns with Donald Trump. Roth has also been involved in notable real estate deals, such as the Alexander's deal with Trump and Jared Kushner's family real estate business.

Steven Roth: Awards & Achievements

Roth has received numerous awards and accolades for his contributions to the real estate industry. He was inducted into Crain's Hall of Fame in 2015 and received an honorary Doctor of Humane Letters degree from Dartmouth in 2012.

Roth has also served as a trustee of various institutions, including the Intrepid Museum Foundation and the Whitney Museum of American Art.

Steven Roth: Personal Life & Legacy

Steven Roth underwent heart bypass surgery in August 2017. Despite this health challenge, he continues to be an influential figure in the real estate industry. Roth's legacy is marked by his successful career, philanthropic endeavors, and contributions to the community.

Steven Roth: Trivia

Steven Roth is known for his close ties to the political arena. He was a major donor to Eliot Spitzer's 2006 New York gubernatorial campaign and served as one of the top economic advisers to Donald Trump's 2016 presidential campaign. Roth was also included in a March 2017 White House meeting on the Trump Administration infrastructure plan and advised U.S. Transportation Secretary Elaine Chao not to cancel construction of the Gateway Project.

Wealth History

Timeline

1941

Steven Roth is born to a Jewish family.

1962

Roth graduates from Dartmouth College with an A.B.

1963

Roth earns an M.B.A. from the Tuck School of Business at Dartmouth.

1964

Roth forms Interstate Properties with seed money from David Mandelbaum.

1980

Roth founds Vornado Realty Trust.

1993

Vornado Realty Trust goes public.

1995

Roth purchases a controlling interest in Alexander's.

1997

Roth acquires seven Midtown office buildings from Bernard H. Mendik.

1998

Roth purchases 20 more office buildings in Manhattan, including One Penn Plaza.

2006

Roth is a major donor to Eliot Spitzer's New York gubernatorial campaign.

2012

Roth receives an honorary Doctor of Humane Letters degree from Dartmouth.

2015

Roth is inducted into Crain's Hall of Fame.

2016

Roth serves as one of the top economic advisers to Donald Trump's presidential campaign.

2017

Roth is included in a March 2017 White House meeting on the Trump Administration infrastructure plan.

August 2017

Roth undergoes heart bypass surgery.

Steven Roth : FAQs

What is Steven Roth's net worth?

As of 2019, Steven Roth's net worth was $1.10 billion.

What are Steven Roth's main sources of wealth?

Steven Roth's main source of income comes from Real Estate.

In which industry does Steven Roth primarily operate?

Steven Roth is primarily involved in the Real Estate industry.

What is Steven Roth educational background?

Steven Roth holds a Bachelor of Arts/Science from Dartmouth College and a Master of Business Administration from Tuck School of Business.

How old is Steven Roth?

Steven Roth is 84 years old.

How many children does Steven Roth have?

Steven Roth has 2 children.

Who is Steven Roth and why is he significant in New York real estate?

Steven Roth is an American real estate investor, founder, and chairman of Vornado Realty Trust, the largest commercial landlord in New York City. He is also the chairman and CEO of Alexander's, making him a pivotal figure in the real estate industry.

What are Steven Roth's educational achievements?

Steven Roth graduated from DeWitt Clinton High School, earned an A.B. from Dartmouth College in 1962, and an M.B.A. from the Tuck School of Business at Dartmouth in 1963, laying the groundwork for his successful career in real estate.

Can you outline the career milestones that led to Steven Roth's success in the real estate sector?

Steven Roth's career took off when he formed Interstate Properties in 1964, later took control of Vornado after purchasing an interest in Two Guys, founded Vornado Realty Trust in 1980, and significantly expanded his portfolio in New York by acquiring numerous office buildings, including the strategic acquisitions of Alexander's and properties like One Penn Plaza.

How has Steven Roth contributed to political and social causes?

Steven Roth has made significant contributions to political campaigns, including being a major donor to Eliot Spitzer's gubernatorial campaign and serving as an economic adviser to Donald Trump's presidential campaign. He also advised on national infrastructure plans and has supported various cultural institutions through philanthropy.

What personal details are known about Steven Roth's life beyond his professional achievements?

Beyond his professional sphere, Steven Roth is married to Broadway producer Daryl Roth, has two children, Jordan Roth and Amanda Roth Salzhauer, and has been recognized for his philanthropic efforts, including funding the Roth Center for Jewish Life at Dartmouth. He also underwent heart bypass surgery in August 2017.