Herb Simon Net Worth $195 Billion
Life, Death, and Herbert Simon
American real estate magnate Herb Simon is the Chairman Emeritus of the board of Simon Property Group Inc. and has an estimated net worth of $1.95 billion as of September 2013. He is ranked 293rd on the Forbes 400 List and 670th on the list of earth’s billionaires.
In 1960, he co-founded Melvin Simon and Associates alongside his brother Melvin, who passed away in 2009. The business is currently called Simon Property Group, a shopping mall developer that has grown to be the largest, publicly-traded, real investment company in America.
Simon is whoever owns the Indiana Pacers of the NBA along with the Indiana Fever of the WNBA. In 2010, Simon bought the Kirkus Reviews. Melvin Simon and also has stakes in the minor league baseball team Reno Aces. Melvin has been married three times, and has eight kids. Melvin Simon andAssociates Simon Family Foundation donated $1 million in February to support early childhood literacy efforts in the Indianapolis Public Library.
It now owns stakes in 326 retail properties in North America and Asia in addition to 80 Premium Outlet malls. His nephew David, the son of Melvin, serves as the Chief Executive Officer since 1995.