Michael D Fascitelli Net Worth is171.7 $Million
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Michael D. Fascitelli is CEO, President and a Trustee of the Board of Vornado Realty Trust. He also is President and a Trustee of Alexander's Inc. and on the Board of Toys "R" Us.
Mr. Fascitelli grew up in Providence, Rhode Island. One of two sons to a tailor and a seamstress. He was the first in his family to go to college, and is a heartwarming rags to riches story.
He is a member of the Class of 1978 of the University of Rhode Island where he received his B.S. in Industrial Engineering Summa Cum Laude. After graduating from URI, Mr. Fascitelli joined the Bristol-Myers Company. In 1982 he received his MBA with highest distinction from the Harvard Graduate School of Business Administration. After graduating from Harvard in 1982, Mr. Fascitelli joined McKinsey & Company, Inc., a management-consulting firm.
He was head of the real estate investment banking business of Goldman, Sachs & Co. and served on the Investment Committee for the Whitehall Real Estate Fund. He joined Goldman, Sachs & Co. in 1985 in the Real Estate Department and became a partner in 1992.
In 1996 Vornado Chairman billionaire Steven Roth lured Fascitelli to Vornado with an offer at the time worth 50 million dollars. The number had risen substantially as since Mr. Fascitelli has been at Vornado it has become the second largest REIT in the country.
Mr. Fascitelli has been active over the years in the real estate industry and his community. He is a trustee of the Urban Land Institute. He is Chairman of the Wharton Real Estate Center and Executive Committee. He serves on the Board of the New York University Child Study Center, The Rockefeller University Board of Trustees and St. Bernard's Board of Trustees. From the Greater New York Councils Boy Scouts of America he received the Good Scout award and the James E. West Fellow award in 1997 and he received the Silver Beaver Award in 2003. In May 2008, he received his Doctor of Laws from the University of Rhode Island.
In 2007 he was als

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Michael D Fascitelli Latest News

Port Official With Financial Stake Votes on Penn Station Project

Michael D. Fascitelli, one of 12 commissioners who oversee the Port Authority, voted in favor of extending the government agency’s agreement to provide consulting services...
Posted: December 16, 2015, 7:54 pm

Michael D. Fascitelli on Markets, Success, and Giving Back

On October 20, the ULI Foundation will honor ULI Foundation Governor Michael D. Fascitelli for his contributions to the Institute and his career accomplishments in real estate finance and responsible land use. The gala, on the eve of the 2014 ULI Fall ...
Posted: October 16, 2014, 5:00 pm

The highest-paid CEO in America is some dude you’ve never heard of (infographic)

and third-place finisher Michael D. Fascitelli of the Vornado Realty Trust banked $64.4 million. One good trend in recent years: CEO pay is getting tied more and more to company performance. As recently as 2009, for instance, CEO pay was only 34.7 percent ...
Posted: May 31, 2013, 1:06 am
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