Steven Roth Biography-Wiki
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 co-founder and managing general partner of Interstate Properties and chairman and chief executive officer of Alexander’s.
How Old is Steven Roth? Age
Steve is 79 years old as of 2020, he was born in 1941, Dartmouth, United States of America.
Steven Roth Education
He graduated from DeWitt Clinton High School in the Bronx. In 1962, Roth graduated with a B.A. from Dartmouth College, and in 1963, he graduated with an M.B.A. from the Tuck School of Business at Dartmouth.
Steven Roth Wife| Married
Steven is married to Daryl Roth who is of Jewish ancestry. Daryl Roth is an American ten-time Tony Award-winning producer who has produced over 90 productions on and off-Broadway. They have two children, Jordan Roth (born 1975), who is the president and majority owner of Jujamcyn Theaters, and Amanda Roth Salzhauer.
Steven Roth Measurements and Facts
Here are some interesting facts you don’t want to miss about Steven Roth
- Full Name: Steven Roth
- Age/ How Old?: 79 years (2020)
- Date of Birth: 1941
- Place of Birth: Dartmouth, United States of America
- Education: DeWitt Clinton High School, a B.A. from Dartmouth College, M.B.A. from the Tuck School of Business at Dartmouth
- Nationality: Jewish-American
- Father’s Name: Fred Roth
- Mother’s Name: Virginia Roth
- Siblings: Not available
- Married?: Married to Daryl Roth
- Children/ Kids: 2-Jordan Roth (born 1975) and Amanda Roth Salzhauer
- Height/ How tall?: Not available
- Weight: Not available
- Profession: Real estate investor
- Known For: Vornado Real Estate
- Net worth: $1.1 billion
Steven Roth Politics
Roth was a major donor to Eliot Spitzer’s 2006 New York gubernatorial campaign. He served as one of the top economic advisers to Donald Trump’s 2016 presidential campaign in 2016 and was included in a March 2017 White House meeting on the Trump Administration infrastructure plan.
Roth was present at Trump headquarters on April 20, 2016, when Trump gave a speech celebrating his victory in multiple GOP primaries. Also present, and thanked by Trump, were Carl Icahn, Howard Lorber, and Bennett LeBow. But Roth won the lion’s share of Trump’s praise. The president later spoke of establishing a national panel of “very smart people that know how to spend money properly”, with Roth and another New York developer Richard LeFrak as co-heads, to review infrastructure projects.
Steven Roth Net Worth
Steven has an estimated net worth of $1.1 billion dollars which he has earned from his career as a real estate investor. He also owns over 413,701 units of Vornado Realty Trust stock worth over $142,626,700 and over the last 16 years he sold VNO stock worth over $273,226,652.
Steven Roth Surgery
Steven underwent heart bypass surgery successfully in August 2017 and later resumed his duties at Vornado’s real estate company.
Steven Roth Vornado
In 1964, with $250,000 in seed money from real estate investor David Mandelbaum, he formed Interstate Properties, a three-person partnership (Roth, Mandelbaum, and Russell Wight Jr.) tasked with purchasing, renovating, and leasing shopping centers with Roth as managing partner. He repaid Mandelbaum within a year. In 1979, Interstate purchased an interest in the New Jersey discount appliance chain, Two Guys and later gained control of its parent company Vornado, a former fan manufacturer (purchased by Two Guys in 1959 to utilize its tax loss carryforwards) and dissolved the chain, turning the stores into strip malls. His efforts were very successful and in 1980, he founded the New York-based real estate investment trust Vornado Realty Trust.
In 1993, Roth took Vornado Realty Trust public. In 1995, Vornado purchased a controlling interest in Alexander’s, the former retailer that had declared bankruptcy in 1992 – for $54.8 million from Citicorp, adding Alexander’s substantial real estate holdings to his existent portfolio.
As of 2016, Vornado owned more than 50 properties in New York City, covering 23.5 million square feet, making it the largest commercial landlord in New York City. In 2017, Roth was paid $2 million in dividends on shares in firms that he does not own. Reporting on this payout, Crains News York noted that “Vornado is one of at least 10 New York companies that pay executives dividends on shares they don’t own, a form of compensation that exists because companies regularly grant executives restricted shares that don’t vest for several years.
The Associated Press reported in June 2017 that Vornado was one of three finalists for a $1.7 billion contract to build a new headquarters building in Washington D.C. for the FBI. Critics, noting Roth’s role as a Trump infrastructure advisor and a consultant with the White House Office of American Innovation, led by Jared Kushner, charged that any government contract with Vornado would represent a conflict of interest.
In July 2017, Roth advised U.S. Transportation Secretary Elaine Chao not to cancel the construction of the Gateway Tunnel, which would link New Jersey with Penn Station in Manhattan. Vornado is one of the three firms that are turning the old Farley Post Office building in New York into Moynihan Station, a replacement for Penn Station.
Frequently Asked Questions About Steven Roth
Who is Steven Roth?
Roth is a well-known real estate investor, founder, and chairman of Vornado Realty Trust, the largest commercial landlord in New York City.
How old is Steven Roth?
Steve is 79 years old as of 2020, he was born in 1941, Dartmouth, United States of America.
How tall is Steven Roth?
Roth has not shared his height with the public. His height will be listed once we have it from a credible source.
Is Steven Roth married?
Steven is married to Daryl Roth who is of Jewish ancestry. Daryl Roth is an American ten-time Tony Award-winning producer who has produced over 90 productions on and off-Broadway. They have two children, Jordan Roth (born 1975), who is the president and majority owner of Jujamcyn Theaters, and Amanda Roth Salzhauer.
How much is Steven Roth worth?
Steven has an estimated net worth of $1.1 billion dollars which he has earned from his career as a real estate investor. He also owns over 413,701 units of Vornado Realty Trust stock worth over $142,626,700 and over the last 16 years he sold VNO stock worth over $273,226,652.
Where does Steven Roth live?
Because of security reasons, Roth has not shared his precise location of residence. We will immediately update this information if we get the location and images of his house.
Is Steven Roth dead or alive?
Roth is alive and in good health. There have been no reports of him being sick or having any health-related issues.