Steven Roth | $1B+
Get in touch with Steven Roth | Steven Roth is the Chairman and CEO of Vornado Realty Trust, NYC’s leading landlord. He is the force behind the multi-billion dollar Penn District revitalization, modernizing sites like PENN 1 and PENN 2. His current strategy includes a pivot toward residential projects, like the 484 Eighth Avenue tower, to address the city's housing needs. As head of Alexander’s and a former federal advisor, Roth co-owns major assets like 1290 Sixth Avenue with Donald Trump. A dedicated philanthropist, he supports Dartmouth and the arts. His legacy is defined by a disciplined approach to urban redevelopment, cementing his role as a key architect of Manhattan’s modern skyline.
Steven Roth (born 1941) is an American real estate investor, founder, chairman, and chief executive officer of Vornado Realty Trust, a leading real estate investment trust that ranks as the largest commercial landlord in New York City.[1][2][3]
Roth began his career in the 1970s developing industrial properties in New Jersey before expanding into high-profile acquisitions that transformed Vornado into a powerhouse, with ownership of over 20 million square feet of Manhattan office and retail space.[4][5] He co-founded Interstate Properties and has chaired Alexander's, Inc., contributing to major deals and redevelopment efforts, including attempts to overhaul Penn Station amid urban infrastructure debates.[6][7]
While celebrated for building Vornado's portfolio to a combined value exceeding $37 billion alongside spin-offs like Urban Edge Properties, Roth has encountered shareholder pushback on his compensation packages during periods of real estate market volatility.[3][8] Additionally, he and his wife, Broadway producer Daryl Roth, engage in philanthropy via their foundation, supporting Jewish organizations, education, arts, and health initiatives.[9]
Early Life and Education
Family Background and Upbringing
Steven Roth was born in 1941 to a Jewish family in New York.[1] His father, Fred Roth, operated a small apparel manufacturing business focused on children's clothing.[3] Roth grew up in the Bronx borough of New York City, where he attended DeWitt Clinton High School, a public institution known for its diverse student body during the mid-20th century.[1] This environment, characterized by urban working-class and immigrant influences, shaped his early years amid the post-World War II economic expansion in the region.[1] Limited public details exist on his mother's background or specific family dynamics, though Roth's later philanthropy, including support for Jewish institutions, reflects enduring family ties to Jewish heritage.[6]
Academic Career and Early Influences
Steven Roth graduated from DeWitt Clinton High School in the Bronx.[2] He enrolled at Dartmouth College at the age of 16, reflecting an accelerated academic path.[10]
Roth earned an A.B. degree from Dartmouth in 1962.[1] He then pursued graduate studies at the Tuck School of Business at Dartmouth, obtaining an M.B.S. degree with high distinction in 1963.[2] This early completion of both undergraduate and business degrees by age 21 equipped him with foundational knowledge in business principles that informed his subsequent entry into real estate investment.[10]
While specific mentors from his Dartmouth tenure are not prominently documented, the Tuck School's emphasis on case-based learning and practical business strategy likely shaped Roth's analytical approach to commercial opportunities, as evidenced by his immediate post-graduation focus on property acquisitions in New York.[10] His Jewish family background, rooted in modest circumstances, may have instilled a drive for self-reliance during these formative years, though direct academic influences remain tied primarily to Dartmouth's rigorous curriculum rather than individual figures.[11]
Business Career
Early Ventures and Interstate Properties
Steven Roth co-founded Interstate Properties in 1964, securing $250,000 in seed capital from real estate investor David Mandelbaum to establish a three-person partnership comprising Roth, Mandelbaum, and one other associate.[12][11] The venture marked Roth's entry into commercial and residential real estate development shortly after his graduation from Dartmouth College in 1962.[6] As managing general partner, Roth directed the firm's operations, initially concentrating on opportunistic property acquisitions and construction projects in the New York metropolitan area.[13]
In its early years, Interstate Properties specialized in developing multi-family housing and industrial facilities, capitalizing on undervalued land in suburban New Jersey.[4] By the 1970s, the firm had constructed industrial warehouses and distribution centers in the New Jersey Meadowlands, leveraging low-cost sites near major highways for logistics and manufacturing tenants.[4] These projects demonstrated Roth's strategy of targeting underutilized industrial zones to generate steady rental income through ground leases and build-to-suit developments, establishing a foundation for scaled operations without reliance on public markets.[12]
Interstate's approach emphasized value-add investments, often involving rezoning and infrastructure improvements to enhance property yields, which yielded returns amid the era's economic volatility.[1] Roth's hands-on management during this period honed his expertise in navigating regulatory hurdles and financing challenges, positioning the firm as a nimble player in regional development before pivoting toward larger-scale acquisitions in the late 1970s.[4]
Transformation and Leadership at Vornado Realty Trust
In 1980, Steven Roth, through his firm Interstate Properties, acquired control of Vornado Inc., a discount retailer operating under the Two Guys banner, and shifted its focus from retail operations to real estate development and management.[14][15] Roth liquidated the company's retail assets, converting former store locations into strip malls and shopping centers, which marked the initial pivot toward property ownership as the core business.[16] By the end of 1996, under Roth's direction, Vornado owned 57 shopping centers across seven states, establishing a foundation in commercial real estate.[14]
Roth became Chairman of Vornado's Executive Committee in April 1980 and Chairman of the Board in May 1989, roles that solidified his strategic oversight.[2] In 1993, he led the conversion of Vornado into a real estate investment trust (REIT) and took it public, enabling capital access for expansion into high-value urban properties, particularly in New York City.[17] This restructuring transformed Vornado from a diversified retailer into a specialized REIT emphasizing office and retail assets, with Roth serving as CEO from 1989 to 2009 and resuming the position in 2013.[2]
Under Roth's leadership, Vornado prioritized Manhattan's core districts, growing its portfolio to over 20 million square feet of office and retail space, positioning it as one of the city's dominant commercial landlords.[5] Key strategic decisions included selective acquisitions and divestitures to concentrate on premium assets, such as focusing 69% of holdings in Manhattan by 2016, while navigating market shifts like the rise of online retail.[18] Roth's emphasis on operational efficiency and REIT structure innovations contributed to industry recognition, including his role as a pioneer in commercial mortgage-backed securities (CMBS).[19]
Key Investments, Acquisitions, and Developments
Under Steven Roth's leadership, Vornado Realty Trust shifted focus from retail operations to commercial real estate in the early 1980s. In 1980, Roth's Interstate Properties acquired control of Vornado Inc. following a proxy battle, leading to the liquidation of the unprofitable Two Guys discount chain, which generated $600 million in annual sales but incurred a $20 million loss; inventory was sold for $196 million to fund real estate emphasis.[14] By 1985, Vornado began accumulating stakes in the distressed Alexander's department store chain, which held valuable Manhattan properties. In 1995, Vornado purchased Citicorp's 25% stake for $54.8 million, securing majority control and averting Alexander's liquidation; Roth assumed the CEO role there, facilitating redevelopment of sites like the Rego Center into mixed-use assets including an IKEA anchor.[14][20]
The late 1990s marked aggressive expansion in Manhattan office space. In 1997, Vornado acquired Mendik Co. for $437 million in cash and securities plus $217 million in assumed debt, incorporating 4 million square feet of midtown properties such as 888 Seventh Avenue.[14] That year also saw a $160 million joint venture for the Hotel Pennsylvania and $75 million purchases of buildings and retail leases near Madison Square Garden. In 1998, Vornado bought the Kennedy family's 5.3 million-square-foot portfolio for $625 million, including Chicago's Merchandise Mart. Efforts around Pennsylvania Station involved over $1.7 billion in acquisitions, including 1 Penn Plaza, to develop the Penn District, though comprehensive redevelopment plans faced regulatory hurdles by 2024.[21][7]
Vornado pursued high-profile opportunities into the 2000s, winning a $3.25 billion bid for a 99-year lease on the World Trade Center complex in February 2001—more than double competing offers—but the deal faltered amid negotiations, ultimately transferring to Silverstein Properties in April 2001. Recent activities reflect strategic refocusing on core New York assets: in 2025, Vornado completed the purchase of 623 Fifth Avenue and acquired a vacant Midtown office building for $218 million earmarked for full redevelopment. The firm has signaled potential divestitures of non-NYC holdings, such as Chicago's Merchandise Mart and San Francisco's 555 California Street, to prioritize Manhattan recovery, while selling properties like 512 West 22nd Street.[22][23][24][25][26]
Recent Strategic Decisions and Market Challenges
In 2025, under Steven Roth's leadership as chairman and CEO, Vornado Realty Trust announced plans to diversify into residential development by selling select office properties and redirecting proceeds toward apartment construction, signaling a response to evolving market dynamics in commercial real estate.[27] This included specific initiatives such as a proposed $350 million rental tower in the Penn District and another apartment building near Penn Station at 484 Eighth Avenue, with construction slated to commence shortly after April announcements.[28] [29] Concurrently, Vornado pursued divestiture of non-core assets outside New York, expressing openness to selling office buildings in Chicago and San Francisco to concentrate on Manhattan holdings, as Roth stated "nothing is sacred" in the portfolio.[30] [31]
Offsetting these shifts, Vornado executed targeted acquisitions and refinancings to bolster its office portfolio, completing the $218 million purchase of 623 Fifth Avenue—a 382,500-square-foot property above the Saks Fifth Avenue flagship—on September 8, 2025, despite its 75% vacancy rate, with intentions to redevelop it into a Class A boutique office.[24] The firm also refinanced its 1.2 million-square-foot PENN 11 building for $450 million on July 16, 2025, securing five-year financing amid stabilizing interest rates.[32] Roth emphasized leasing momentum, with Q2 2025 results showing strong activity that contributed to beating EPS estimates of $0.13 with $0.18, alongside declarations that the work-from-home era's threat to offices had ended, anticipating robust return-to-office trends.[33] [34]
Market challenges persisted, particularly high vacancy rates in New York City offices—around 16% as of late 2024—driven by hybrid work models reducing demand and exposing Vornado's heavy Manhattan concentration to risks like tenant instability and elevated operating expenses.[35] [36] Elevated leverage and net interest expenses, projected to rise by about 30 cents per share in 2024-2025, further pressured funds from operations (FFO), though net acquisitions/divestitures remained positive at $0.130 billion for the twelve months ending March 31, 2025.[37] [38] Countervailing factors included improving occupancy, with office visits surpassing pre-pandemic levels by mid-2025 and a broader office REIT rebound anticipated, as noted by rating agencies upgrading outlooks amid leasing gains.[39] [40]
Political Involvement
Advisory Roles and Government Ties
In August 2016, Steven Roth served as one of six economic policy advisers to Donald Trump's presidential campaign, contributing expertise on real estate and infrastructure development.[41] This role leveraged Roth's position as chairman and CEO of Vornado Realty Trust, a major owner of commercial properties including those leased to federal agencies.[41]
Following Trump's election, on January 16, 2017, the president-elect appointed Roth, alongside developer Richard LeFrak, to co-lead a proposed advisory council tasked with overseeing infrastructure planning, costs, and project selection for a $1 trillion initiative.[42] The council, intended to comprise 15 to 20 business leaders, aimed to advise on public-private partnerships but operated informally without formal establishment.[43] Roth actively participated, including traveling with Trump to promote the plan in June 2017.[44]
The infrastructure advisory effort effectively ended in August 2017 when the White House disbanded related initiatives amid legislative challenges and internal shifts.[45] Roth's involvement drew scrutiny for potential conflicts, given Vornado's bids for federal projects like the FBI headquarters relocation, though no direct evidence of undue influence has been substantiated in court records.[46] These ties stemmed from longstanding business partnerships between Roth and Trump, including joint ventures dating to the 2000s.[47]
Beyond the Trump administration, Roth has held no other documented formal advisory positions with U.S. government entities, though Vornado maintains ongoing leases with federal tenants such as the General Services Administration.[48]
Campaign Donations and Political Funding
Steven Roth has made campaign contributions to candidates and committees of both major parties, with federal records showing a predominant tilt toward Republicans. During the 2022 election cycle, he donated $354,232 in total to federal candidates, parties, and PACs, including $349,232 to Republicans and $5,800 to Democrats, earning a classification as a solidly Republican/conservative donor.[49]
Among his Democratic contributions, Roth gave $5,800—the federal individual maximum—to Senate Majority Leader Chuck Schumer's campaign committee on March 31, 2021.[50] In contrast, his earlier support for Republicans included a $25,000 donation to the New York State Senate Republican Campaign Committee on October 20, 2008.[51]
At the state level in New York, Roth contributed nearly $70,000—the approximate individual maximum—to Governor Kathy Hochul's 2022 reelection campaign, aligning with 46 other high-dollar donors who provided similar maximum gifts.[52] These donations occurred amid Vornado Realty Trust's pursuit of tax incentives and development opportunities tied to Hochul's Penn Station redevelopment initiative, for which Roth has been described in media reports as a Republican megadonor.[53] Public Federal Election Commission records do not indicate significant direct contributions from Roth to presidential campaigns, such as those of Donald Trump or Joe Biden.[54]
Influence on Infrastructure and Economic Policy
Steven Roth served as one of Donald Trump's top economic advisers during the 2016 presidential campaign, contributing to discussions on fiscal policy and industry revival as part of an all-male advisory team that included executives from real estate and energy sectors.[55] In January 2017, shortly before Trump's inauguration, the president-elect announced plans to appoint Roth, alongside developer Richard LeFrak, to co-chair a new advisory council tasked with monitoring costs and overseeing the implementation of a proposed $1 trillion federal infrastructure initiative, leveraging their private-sector expertise in large-scale development projects.[42] This council was envisioned to prioritize efficient spending on roads, bridges, and urban transit, drawing on Roth's experience managing Vornado Realty Trust's portfolio of high-profile properties in New York and Washington, D.C.[56]
The infrastructure council's formation faced internal White House challenges and was ultimately abandoned by August 2017, amid turf wars over policy priorities and funding mechanisms, limiting Roth's direct role in shaping enacted legislation.[57] Despite its dissolution, Roth's selection underscored the administration's intent to incorporate real estate perspectives into infrastructure strategy, with potential implications for public-private partnerships in federal projects, including urban redevelopment and federal building leases where Vornado held interests.[58] Advocacy groups later raised concerns that Roth and similar Trump associates exerted informal influence on federal housing policies through personal ties, prompting lawsuits seeking records of communications with agencies like the Department of Housing and Urban Development.[46]
Roth's advisory input extended to broader economic recovery efforts, as he participated in White House consultations on infrastructure and policy during the COVID-19 pandemic in 2020, aligning with initiatives to stimulate commercial real estate and urban economies.[59] His positions emphasized pragmatic, cost-controlled approaches to public investment, reflecting first-hand knowledge of market-driven development rather than expansive government spending, though no specific policy outcomes directly attributable to Roth were implemented at the federal level.[47]
Philanthropy and Public Service
Major Charitable Contributions
Steven Roth, alongside his wife Daryl Roth, has directed significant philanthropy through the Daryl & Steven Roth Foundation, which focuses on Jewish agencies and temples, federated giving programs, education, the arts, and health and human services.[60] The foundation's annual contributions have included $13,772,514 in 2019 and $2,150,000 in 2023, supporting organizations such as Horace Mann School and various educational initiatives.[61] [62]
A prominent example is the couple's $25 million gift to Dartmouth College, announced on April 18, 2024, marking the largest donation dedicated to the arts in the institution's history.[63] This lead contribution funds an $89 million expansion of the Hopkins Center for the Arts, including a 15,000-square-foot addition named the Daryl and Steven Roth Wing, featuring a recital hall, performance lab, dance studio, and public plaza; the project, initiated in winter 2022-2023, is slated for completion in 2025.[63]
In 2011, Roth and his wife donated $15 million to Dartmouth to establish two distinguished professorships and a prestigious academic fellowship, enhancing faculty resources in key disciplines.[64] The Roth family also serves as principal donor to the Roth Center for Jewish Life at Dartmouth, supporting Jewish student life and programming on campus.[6] These efforts reflect a sustained commitment to educational institutions, particularly Roth's alma mater, where he graduated in 1962.[6]
Involvement in Educational and Civic Institutions
Roth served as a trustee of Dartmouth College from 2008 to 2016, during which he chaired the Real Estate and Facilities Committee.[2] In this capacity, he contributed to oversight of the institution's property management and infrastructure decisions.[2]
Roth maintains involvement in civic institutions through his role on the board of directors of the Partnership for New York City, a nonprofit organization focused on promoting business interests, economic policy, and urban development in New York City.[65] The Partnership engages in advocacy on issues such as infrastructure, education funding, and public health initiatives, including support for NYC public schools and sustainability efforts.[65]
He previously served as chairman of the National Association of Real Estate Investment Trusts (NAREIT), a trade association representing the REIT industry, where he influenced policy and standards for real estate investment vehicles.[66]
Honors and Awards
Real Estate Industry Recognitions
In 2004, Roth received the Industry Leadership Award from the National Association of Real Estate Investment Trusts (NAREIT), recognizing his significant contributions to the growth and development of the REIT sector as chairman and CEO of Vornado Realty Trust.[67][68]
Barron's magazine named Roth one of the World's Thirty Most Respected CEOs in 2005, 2006, and 2007, highlighting his sustained influence in corporate leadership within real estate and beyond.[63][2]
In its January 2006 ranking of the Best CEOs in America, Institutional Investor magazine designated Roth as the top executive in the REIT industry, based on evaluations from investors and analysts.[69][2]
Roth was inducted into Crain's New York Business Hall of Fame in 2015, an honor acknowledging his transformative role in New York City's commercial real estate market through Vornado's portfolio expansion and strategic acquisitions.[3]
In June 2024, the Fordham Real Estate Institute honored Roth at its New York Awards Gala, dubbing him the "Father" of the commercial mortgage-backed securities (CMBS) market for pioneering its application in real estate financing during the 1990s.[19]
Broader Civic and Academic Honors
Steven Roth received an honorary Doctor of Humane Letters degree from Dartmouth College during its 2012 commencement ceremonies, recognizing his contributions to business leadership and philanthropy.[70]
In April 2024, Dartmouth organized an event to honor Roth and his wife Daryl for their longstanding service to the institution and impact in their professional fields, coinciding with their $25 million gift supporting the expansion of the Hopkins Center for the Arts; this led to the naming of the Daryl and Steven Roth Wing, dedicated in October 2025 as part of Dartmouth's reimagined arts district.[63][71][72]
Roth has held trustee positions reflecting civic engagement, including service on the Board of Trustees at Dartmouth College from 2008 to 2016, current trusteeship at the Intrepid Sea, Air & Space Museum Foundation, and board membership at the Whitney Museum of American Art and the Jewish Theological Seminary of America.[64][73][3]
Controversies and Criticisms
Political Associations and Perceived Conflicts
Steven Roth has maintained longstanding personal and business ties to Donald Trump, dating back decades through joint real estate ventures such as the Riverside South development in New York.[74][47] Roth served on Trump's 2016 economic advisory council and was appointed co-chair of an infrastructure advisory board in 2017 alongside Richard LeFrak, tasked with shaping a proposed $1 trillion federal investment plan.[75] Trump publicly praised Roth as "one of the greatest builders in America" during his 2016 campaign victory speech.[76] While Roth has been characterized as a Republican megadonor, he has also contributed to Democratic campaigns, including $50,000 to New York Governor Kathy Hochul's 2022 reelection effort amid negotiations over Vornado's involvement in the Penn Station redevelopment project.[53][77]
These associations have drawn scrutiny for potential conflicts of interest, particularly during Trump's first term, when Roth's advisory role coincided with Vornado Realty Trust's pursuit of major federal contracts. Vornado, under Roth's leadership, emerged as the largest private landlord to the U.S. government, leasing space to agencies including the General Services Administration (GSA).[78] In 2017, Vornado bid to relocate the FBI headquarters to a site near its Pennsylvania Avenue properties in Washington, D.C., prompting concerns from ethics watchdogs that Roth's proximity to Trump—through shared business stakes in properties like 1290 Avenue of the Americas, where Trump held a 30% passive interest—could influence government decisions.[44][79] The advisory board's operations were criticized for lacking transparency, leading to a lawsuit by a nonprofit alleging violations of federal open-advisory laws.[80]
Further perceptions of entanglement arose from Roth's informal influence on Trump administration policies, including advice to Transportation Secretary Elaine Chao against certain infrastructure priorities in July 2017. Post-2024 election, amid Trump's second term preparations as of June 2025, Roth was speculated by critics as a candidate for Treasury Secretary, highlighting ongoing worries about Vornado's government leasing portfolio—valued in billions—and Roth's dual role as a Trump confidant and corporate executive.[81] These episodes underscore tensions between Roth's private interests and public policy influence, though no formal ethics violations were adjudicated.[82]
Business Practices and Regulatory Issues
In 1986, model Marla Hanson, a tenant in a building owned by Steven Roth, was the victim of a razor-blade slashing attack on a Manhattan street, which left her face permanently scarred. Prosecutors alleged that Roth, amid a dispute over unpaid rent and her refusal to vacate the apartment, orchestrated the assault by hiring an intermediary makeup artist who in turn recruited two men to carry it out, framing it as an intimidation tactic to pressure holdover tenants.[83][84] Roth denied any involvement, characterizing the claims as unfounded attempts to extort him, and faced no criminal charges; the two assailants and the makeup artist were convicted of assault-related offenses.[85] The incident drew media attention to aggressive tenant eviction practices in New York City's competitive rental market during the 1980s, though Roth's company maintained compliance with legal eviction procedures.
Vornado Realty Trust, led by Roth as chairman and CEO, has been involved in multiple civil disputes over property management and leasing, reflecting operational tensions in its portfolio of commercial and retail assets. In June 2025, owners of the New World Mall in Queens accused a Vornado-controlled entity of committing 15 lease violations, including failure to maintain common areas and unauthorized subletting, prompting threats of eviction amid broader scrutiny tied to New York City Mayor Eric Adams' administration.[86] Vornado denied the allegations, asserting adherence to lease terms and disputing the claims as baseless negotiation tactics. Such conflicts highlight criticisms of Vornado's hands-on asset management style, which emphasizes repositioning underperforming properties but has occasionally led to litigation over contractual obligations.
On regulatory matters, Vornado has faced civil claims alleging workplace safety lapses at construction sites, including violations of New York Labor Law §200 and §241(6) for failing to provide adequate protection against hazards.[87] In a 2015 federal case, former employees sued Vornado and affiliates for overtime violations under the Fair Labor Standards Act, seeking damages for uncompensated hours.[88] These suits, typical in the real estate sector's development activities, have not resulted in systemic regulatory penalties or enforcement actions by agencies like the SEC or OSHA against Roth personally or Vornado as a pattern of noncompliance; the company discloses potential environmental and safety liabilities in its filings but reports no material fines for violations as of December 31, 2024.[89] Vornado's governance documents emphasize regulatory adherence, with internal policies requiring compliance with federal, state, and local laws.[90]
Shareholder Disputes and Market Performance Critiques
In May 2024, at Vornado Realty Trust's annual shareholder meeting, more than 40% of investors voted against a proposed compensation package for Chairman and CEO Steven Roth that increased his total pay to $19.7 million, effectively doubling the prior year's amount.[91] The package included a $3.7 million cash bonus and a $2.2 million incentive tied to the 350 Park Avenue project, despite the company's reporting a $9 million net loss in the first quarter of 2024 compared to a $5.2 million profit in the same period the previous year.[91] Institutional Shareholder Services (ISS), a prominent proxy advisory firm, recommended voting against the plan, citing a "pay-for-performance misalignment" amid declining occupancy rates and operational challenges.[91] This marked a significant escalation from the prior year, when 23% of shareholders opposed Roth's compensation.[91]
Critics of Vornado's market performance under Roth have pointed to persistent underperformance relative to REIT peers, including a 36% stock price decline over the two years leading into early 2024, outpacing broader sector losses.[92] The company's decision to slash dividends by 68% to $0.68 per share in 2023—following a suspension for most of that year—drew further investor scrutiny, as it reflected strained cash flows and a shift away from shareholder returns amid high interest rates and office sector headwinds.[91] Analysts have attributed some of these issues to execution shortfalls in key developments, such as setbacks in the Penn District project, where leasing delays for properties like PENN 2 have raised questions about capital allocation discipline and Roth's emphasis on ambitious redevelopment over prudent balance sheet management.[93] Retail holdings have similarly underdelivered, with non-core investments failing to generate expected value and highlighting perceived inflexibility in adapting to market shifts.[93]
These critiques underscore broader concerns about Vornado's portfolio concentration in Manhattan office space, which has been vulnerable to hybrid work trends and elevated vacancy rates, contributing to total returns that lagged the U.S. market while occasionally outperforming a distressed office REIT industry average.[94] Despite recent analyst upgrades citing New York market resilience, the combination of dividend reductions and project risks has fueled arguments that leadership decisions have prioritized long-term bets over immediate shareholder value, amplifying calls for enhanced governance alignment.[92][93]
Personal Life
Family and Relationships
Steven Roth has been married to Daryl Roth (née Atkins), a Tony Award-winning Broadway and off-Broadway producer known for works including Angels in America and The Vagina Monologues, since the early 1970s.[95][5] The couple has two children: Jordan Roth, born in 1975, who serves as president and majority owner of Jujamcyn Theatres, overseeing five Broadway venues; and Amanda Roth Salzhauer, a social worker with limited public involvement in her parents' professional spheres.[96][97] No public records indicate prior marriages or additional immediate family members beyond this nuclear unit. The Roth family maintains a low public profile regarding personal relationships, with joint philanthropic efforts in arts and education reflecting shared interests rather than detailed interpersonal dynamics.[64]
Residences and Lifestyle
Steven Roth maintains his primary residence in New York City, where he oversees Vornado Realty Trust's extensive Manhattan portfolio.[5]
Roth and his wife, Daryl Roth, owned a longtime seasonal home in East Hampton, New York, at 107 Apaquogue Road, purchased in 1994 for $3.5 million.[98] The 5,300-square-foot shingle-style property on a 1.35-acre lot includes four bedrooms, five bathrooms, a guesthouse, a lap pool, a mirrored home gym, and a roof deck, situated a block from Georgica Beach near Grey Gardens.[99] They listed the compound for sale in July 2024 at $19.5 million through Compass.[99] In 2015, Roth acquired another East Hampton estate at 23 Hedges Lane, a Tudor-style house with eight bedrooms, 7.5 bathrooms, and five acres, for $22.05 million.[98]
Earlier in his career, Roth owned a light-filled duplex loft in Manhattan's West Village, acquired for $1.72 million and sold in 2013 for $6.8 million, yielding a substantial return.[100] He has also held other Hamptons-area properties, including the renovation and 2022 resale of a Montauk home formerly owned by Bernie Madoff for $14 million.[98]
Roth's lifestyle reflects the understated profile of a veteran real estate executive, centered on New York City's business environment with seasonal retreats to the Hamptons for leisure amid proximity to oceanfront amenities.[99] Early accounts from 2001 noted an additional residence in Boca Raton, Florida, though no recent confirmations of ongoing ownership there exist.
Disclaimer: This profile is based on publicly available information. No endorsement or affiliation is implied.
Join UHNWI direct Affiliate Program
Earn Passive Income by Sharing Verified Contact Information of Billionaires, Centi-Millionaires, and Multi-Millionaires on the UHNWI Direct Platform
Maximize your earnings potential by sharing direct and validated contact information of the ultra-wealthy, including billionaires, centi-millionaires, and multi-millionaires. Join the UHNWI Direct platform and tap into a lucrative passive income stream by providing valuable data to those seeking high-net-worth connections. Start earning today with UHNWI Direct.
You may also be interested in reviewing other UHNWIs profiles.
To find the person you want to contact, start typing their name or other relevant tags in the search bar.
Please note: Our database contains over 10,000 direct contacts of UHNWIs, and it is highly likely that the individual you are seeking is already included. However, creating individual profiles for each contact is a meticulous and time-intensive process, So, if you are unable to find the profile of the individual you are looking for, please click here.
Filter by Net Worth: All | Billionaires | Centi-Millionaires | Multi-Millionaires
Filter by Location: All | USA | Canada | Europe | UK | Russia & CIS | Asia | MEIA | Australia | Latin America
Filter by Age: 1920-1930 | 1930-1940 | 1940-1950 | 1950-1960 | 1960-1970 | 1970-1980 | 1980-1990 | 1990-2000
Related People
UHNWI direct
