Steve Witkoff, a self-made real estate mogul, boasts a net worth of $150 million as of now. Over four decades, Witkoff has built an empire in the real estate industry, with properties spanning across the U.S. from New York to Miami, Las Vegas, and Chicago, as well as international investments. His business acumen has made him one of the most influential figures in real estate.
Early Life and Career
Born on March 15, 1957, in the Bronx, New York, Witkoff grew up with a passion for business, inspired by his father, a manufacturer of ladies’ coats.
He began his career at 17, selling ice cream, and later earned a Bachelor’s degree at Hofstra University before pursuing a Juris Doctor.
Witkoff’s professional journey started in real estate law at Dreyer & Traub, where he represented developers including Donald Trump.
In 1985, he co-founded Stellar Management with Laurence Gluck, and later established Witkoff Group in 1997, a company that has become a leader in property development, repositioning, and financing.
Real Estate Empire
Witkoff expanded his portfolio throughout the 1990s and beyond, securing landmark properties such as:
- The Woolworth Building ($137.5 million acquisition in 1998)
- Marriott Marquis Site at Miami Worldcenter ($94 million)
- Las Vegas Hotel (now undergoing a $1.4 billion renovation)
His company, Witkoff Group, operates in luxury markets across the U.S. and internationally, with notable properties in New York, Los Angeles, Miami, and London. Some of his prestigious developments include the Times Square EDITION hotel, West Hollywood EDITION Hotel & Residences, and the Park Lane Hotel.
Personal Life
Steve Witkoff married Lauren Rappoport in 1987, and they have three sons. Tragically, their eldest son passed away in 2011. The Witkoff family resides on the Upper East Side of Manhattan, and both Lauren and their son Zach are involved in the Witkoff Group.
Philanthropy and Influence
Witkoff is known for his philanthropic endeavors and leadership within the real estate industry. He serves on several boards, including as Chairman of the University of Miami Business School Real Estate Advisory Board, and is an active public speaker.
