Efstathios Valiotis Net Worth: How to Estimate It Reliably

Efstathios (Steve) G. Valiotis is a Greek-American real estate developer and banker based in Long Island City, New York. He is the founder and CEO of Alma Realty Corporation and a majority shareholder and Chairman of the Advisory Board of Alma Bank, which he founded in 2007. Based on publicly available records, his estimated net worth as of June 2026 falls in the range of $50 million to $150 million, driven primarily by his ownership stake in Alma Bank (approximately 58% of common stock held through five trusts) and his decades of real estate development and management through Alma Realty. There is no single verified public figure, so this is a defensible range built from observable assets, not a confirmed declaration.

Who Efstathios Valiotis is and why his finances matter

Efstathios Valiotis was born in Vordonia, Greece, and emigrated to the United States in the early 1970s. He started out working in the food industry, then ran a custom furniture business called Knossos, Inc. until 1994, before pivoting into real estate. That pivot defined his financial trajectory. Alma Realty Corporation became, as a New York State Senate resolution (J3894) put it, 'the vessel by which Mr. Valiotis develops, builds, manages, and acquires real estate.' Before Alma Bank, he served on the board of Marathon National Bank for eight years, which was eventually acquired by Piraeus Bank of Greece in 2001. Alma Bank itself was formed in 2007 and has since expanded to multiple branches. He is also co-founder of the Hellenic Advancement of Education and Culture, a Queens-based Greek-American nonprofit, alongside Stamatiki Valiotis.

His story is a classic Greek diaspora arc: arrive with little, build a business from the ground up, and eventually create lasting institutions in banking and real estate. That makes his financial profile interesting not just as a number but as a case study in how immigrant Greek-American entrepreneurs accumulate wealth across multiple business verticals over several decades. For readers using this database, Valiotis sits in the business and banking category rather than sports or entertainment, which means the research approach is slightly different from profiling someone like Stefanos Tsitsipas, whose earnings are more publicly reported through tournament records and sponsorship announcements. If you are also researching the Stefanos Tsitsipas net worth question, focus on verifiable prize money, endorsements, and sponsorship deals rather than unsourced aggregator claims profiling someone like Stefanos Tsitsipas.

How to find reliable sources for a public figure's net worth (Greek context)

For Greek-American business figures like Valiotis, the most reliable data rarely comes from celebrity net-worth aggregator sites. If you are looking for a short answer, the most defensible takeaway is a working estimate range for Stefan Pylarinos net worth based on similar, source-based methods net-worth aggregator sites. Those tend to recycle unverified numbers. The better approach is to work from institutional and public records outward. Here is where to start:

• New York State Senate resolutions: Publicly adopted resolutions (like J3894 and J4066 for Valiotis) are official documents that confirm biographical details, corporate affiliations, and role descriptions. They are not financial disclosures, but they anchor identity and career timelines.
• FDIC BankFind Suite: Alma Bank is an FDIC-regulated institution. Bank financial data including total assets, equity capital, and ownership information is available through FDIC call reports. This is one of the strongest sources for estimating the value of a majority bank stake.
• New York State Department of Financial Services (NYDFS): State-chartered banks file periodic reports here. Alma Bank's charter and any public filings can confirm its operational scale.
• SEC EDGAR: If Alma Bank or Alma Realty has ever issued public securities or filed proxy statements, those documents contain shareholder details. The proxy statement showing Valiotis holds interests in five trusts owning approximately 58.47% of Alma's common stock comes from exactly this type of filing.
• Bloomberg LEI (Legal Entity Identifier) database: The Efstathios G. Valiotis a/k/a Steve Valliotis 2017 Irrevocable Trust has a registered LEI, which is publicly searchable and confirms the trust's legal address (3110 37th Avenue, Suite 500, Long Island City) and registration history.
• Dun & Bradstreet (D&B): Useful for confirming affiliated company names and principal roles. Valiotis appears as a principal at Vordonia Contracting and Supplies Corp., which shares the same Long Island City address as Alma Realty.
• ProPublica Nonprofit Explorer: For the Hellenic Advancement of Education and Culture nonprofit (990-PF filings), this confirms his role as President and shows officer compensation figures (recorded as $0 in available filings).
• Greek-language business media: Outlets like Kathimerini, Capital.gr, and Naftemporiki cover Greek-American business figures with diaspora ties, particularly those with Greek banking connections like the Piraeus Bank relationship.
• Queens and New York local press: QNS (Queens news) and similar outlets have covered Valiotis in community contexts, providing secondary confirmation of affiliations and activities.

One thing worth noting: there are no publicly accessible Greek corporate registry records (like GEMI, Greece's General Commercial Registry) linking Valiotis to Greek-registered companies in the research conducted for this article. His business footprint is primarily U.S.-based, which simplifies some searches but also means you will not find a Greek equivalent of a Companies House filing to cross-reference.

Estimating net worth from career earnings, roles, and business activity

When there is no public wealth declaration or confirmed financial disclosure, you build the estimate from the pieces you can observe. For Valiotis, the two anchors are his Alma Bank stake and Alma Realty's portfolio.

The Alma Bank stake

The proxy statement on record shows Valiotis holds interests in five trusts that collectively own approximately 427,036 shares of Alma Bank's common stock, representing roughly 58.47% of the total. To estimate what that stake is worth, you need Alma Bank's total equity or a price-per-share figure. Community banks of Alma's size (multi-branch, New York metro area) typically carry total assets in the range of $500 million to $2 billion depending on growth. A back-of-envelope approach: if Alma Bank's total equity is around $100 million (a reasonable midpoint estimate for a well-capitalized community bank of its profile), a 58% stake would be worth approximately $58 million. If equity is higher, say $150 million to $200 million, the stake rises to $87 million to $116 million. These are estimates, and the actual figure requires pulling the most recent FDIC call report.

Alma Realty Corporation

Alma Realty is a private company, so there is no market-price valuation available. However, a real estate development and management company operating in the New York City metro area for several decades, particularly one anchored in Queens, would carry significant asset value. The firm's portfolio likely includes residential and commercial properties with accumulated equity. Without a full balance sheet, it is impossible to give a precise number, but this contributes meaningfully to Valiotis's net worth on top of the banking stake.

Earlier ventures and accumulated capital

Valiotis's earlier business history, from Knossos Inc. (furniture, closed 1994) to his board role at Marathon National Bank (which was acquired by Piraeus Bank in 2001), would have generated capital that was likely reinvested into Alma Realty and later Alma Bank. These earlier earnings are impossible to reconstruct precisely, but they explain how a relatively modest furniture business owner became a real estate developer and then a bank founder within a 15-year window.

Income streams to check

For any Greek-American business figure with dual corporate roles (real estate developer and bank chairman/shareholder), the relevant income streams span several categories. Here is what to investigate for Valiotis specifically:

Assets and liabilities: what to look for and how to interpret public records

Net worth is assets minus liabilities, which sounds simple until you are dealing with someone whose wealth is mostly tied up in private companies and irrevocable trusts. Here is how to approach both sides of the ledger.

Assets worth searching

• Bank ownership stake: Use FDIC data to pull Alma Bank's total equity capital. Apply Valiotis's ownership percentage (approx. 58%) to get the stake value.
• Real estate holdings: Search NYC ACRIS (Automated City Register Information System) for properties owned by Alma Realty Corp. or affiliated LLCs. Assessed values are listed publicly; market values will be higher.
• Trust assets: The Bloomberg LEI-registered 2017 Irrevocable Trust and associated trusts likely hold the bank shares and possibly other investments. Trust assets are not publicly disclosed beyond what appears in bank filings.
• Business equity in Vordonia Contracting and Supplies Corp.: D&B confirms his principal role but the company's revenue and asset value are not publicly disclosed.
• Personal real estate: Separate from Alma Realty's corporate holdings, personal property owned at the Long Island City address or elsewhere in New York would add to the asset base.

Liabilities to account for

• Corporate debt on real estate development projects: Development companies typically carry significant construction and mortgage debt against their asset portfolios. Net equity in real estate may be substantially lower than gross asset value.
• Trust obligations: Irrevocable trusts have defined beneficiaries and terms; the assets inside them may not be fully liquid or accessible to Valiotis personally.
• Personal mortgages or loans: Not publicly disclosed but standard for high-net-worth individuals with significant real property holdings.
• Charitable pledges: The Hellenic Advancement of Education and Culture reported a $50,000 donation in 2020 press coverage; ongoing philanthropic commitments reduce net personal wealth even if they represent socially significant activity.

Net worth range vs exact number: uncertainty, timelines, and updating the estimate

There is no confirmed net worth figure for Efstathios Valiotis from a primary source. What we have as of June 19, 2026, is a defensible range based on observable public data. The most responsible way to present it is as a range with a timestamp and a note on what would change the estimate.

This estimate will need updating whenever one of three things happens: Alma Bank publishes new financials or is acquired or restructured, Alma Realty completes a major transaction, or a new proxy statement or trust filing enters the public record. The Bloomberg LEI for the 2017 Trust shows a next renewal date of July 10, 2026, so updated registration data may appear very soon after this article's publication date. Check the FDIC BankFind suite at least annually for the most current Alma Bank call report figures.

One practical note on why different net-worth sites show different numbers: most aggregate sites either guess based on industry averages for 'bank founders' or simply copy each other's figures without sourcing. A number you see cited on a celebrity net-worth aggregator for Valiotis is almost certainly not derived from the specific data points above. If you are looking specifically for Stefanos Vouvoudakis net worth, you should verify it against primary sources rather than relying on unsourced aggregator claims Vouvoudotis net worth. Cross-validate any figure you find elsewhere against the FDIC call report and the proxy statement before treating it as reliable.

A practical checklist for researching this today

1. Pull the latest Alma Bank FDIC call report at banks.data.fdic.gov and note total equity capital and total assets.
2. Search NYC ACRIS (acris.nyc.gov) for 'Alma Realty' to identify property transactions and estimate the real estate portfolio's scale.
3. Check the Bloomberg LEI registry (lei.bloomberg.com) for the Efstathios G. Valiotis 2017 Irrevocable Trust; review the July 2026 renewal entry for any updated data.
4. Search ProPublica Nonprofit Explorer for 'Hellenic Advancement of Education and Culture' to review the most recent 990-PF filings for any compensation changes or financial scale updates.
5. Search FDIC's historical bank data for Marathon National Bank to confirm the 2001 Piraeus acquisition details, which helps triangulate the capital available for Alma Realty and later Alma Bank.
6. Search Dun & Bradstreet or New York State business registry for Vordonia Contracting and Supplies Corp. to assess whether it represents a material additional business interest.
7. Cross-reference any Greek-language business media coverage (Kathimerini.gr, Capital.gr) using search terms like 'Βαλιώτης' or 'Alma Realty' for diaspora coverage or Greek financial angles.
8. Revisit and update this estimate if a new proxy statement appears, if Alma Bank announces a merger or acquisition, or if major NYC real estate transactions linked to Alma Realty are reported.

Related comparisons and context: peers in the same Greek/business/celebrity sphere

Valiotis occupies a specific and somewhat underexplored corner of the Greek-American wealth landscape: the first-generation immigrant who built institutional-level businesses rather than a single spectacular exit. His wealth profile is more comparable to quiet Greek-American banking and real estate families than to high-visibility figures. For context, the Greek diaspora in New York has produced several significant banking figures, particularly in Queens and Brooklyn, who built community banks with strong Greek-American depositor bases before those banks were absorbed into larger institutions, exactly the pattern Valiotis followed with Marathon National Bank.

If you are using this database to compare wealth profiles across the Greek public sphere, Valiotis contrasts interestingly with more media-visible figures. Athletes like Stefanos Tsitsipas generate wealth through prize money and global sponsorships, which are far more publicly documented. Political figures like Stefanos Kasselakis operate in a sphere where personal wealth is sometimes disclosed through political transparency rules. For additional background on Stefanos Kasselakis' public wealth claims and how they are discussed online, see Stefanos Kasselakis net worth. Entrepreneurs like Stefan Pylarinos have a more digital-native business model whose revenue is occasionally discussed in public interviews. Valiotis's profile is older-school: community banking, bricks-and-mortar real estate, irrevocable trusts, and Greek-American civic leadership. The wealth is real and substantial but built to be private.

That combination of genuine institutional scale and deliberate privacy is exactly why a careful, source-by-source estimate using the checklist above is more useful than any single number you might find on a net-worth aggregator site. The estimate of $75 million to $120 million as a mid-range figure is grounded in the observable data available today, June 19, 2026, and should be treated as a working estimate subject to revision as new filings appear.