Herb Simon | $1B+

Get in touch with Herb Simon | Herbert Simon, billionaire real estate developer, is chairman emeritus of Simon Property Group, the largest shopping mall operator in the United States. Alongside his late brother Melvin, he expanded the Indianapolis-based company into a global retail real estate powerhouse, with hundreds of malls and premium outlets worldwide. Under his leadership, Simon Property Group grew into a publicly traded giant and a bellwether of the retail industry. Beyond real estate, Simon is also known as owner of the NBA’s Indiana Pacers and as a philanthropist supporting education, culture, and community development.

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Herbert Simon (born October 23, 1934) is an American real estate developer. He resides in Indianapolis, Indiana. He was educated at the City College of New York and is the owner of the Indiana Pacers, Indiana Fever,[3] and chairman emeritus of the shopping mall developer Simon Property Group. In 2010, he purchased Kirkus Reviews.[4] Herbert Simon Simon in 2023 Born​ October 23, 1934 (age 90)[1] New York City, U.S. Alma mater​ City College of New York (BBA) [2] Occupation​ Chairman emeritus of the Simon Property Group Known for​ Real Estate Development Indiana Pacers,​ Indiana Fever and Reno Aces owner Spouse(s)​ Sheila Simon (divorced) Diane Meyer (m. 1981; div. 2000) Porntip Bui Nakhirunkanok (m. 2002) Children8 Family​ Melvin Simon (brother) David Simon (nephew) Forbes estimated his net worth to be around US $4.7 billion in early 2024.[5] Contents Early life and education edit He was born to a Jewish family in Williamsburg, Brooklyn and grew up in the Bronx, the son of Max and Mae Simon.[1] His father was a tailor who had emigrated from Central Europe. His older brother is the late Melvin Simon. His oldest brother is the late Fred Simon, who was the longtime leasing director at Simon Property Group. Herbert Simon graduated from the City College of New York with a B.B.A. in Business.[2] Personal life edit Simon has been married three times. His first wife was Sheila Simon.[5] They have two children.[6] In 1981, Simon married Diane Meyer, political staffer for Senator Birch Bayh of Indiana.[6] They divorced in 2000.[6] They have three children.[6] In 2002, Simon married Porntip Bui Nakhirunkanok (born February 7, 1969, Bangkok, Thailand), Miss Universe 1988. They have three children.[7][8] Indiana Pacers edit In 1983, Simon and his brother Mel (1927–2009) purchased the NBA's Indiana Pacers from Sam Nassi and Frank Mariani, who were planning to either sell to outside interests or return the team to the league.[9][10] His nephew David (Mel's son) and he are also the owners of the WNBA's Indiana Fever[11] and formerly owned the USL's now defunct Reno 1868 FC.[12] On April 6, 2024, the Naismith Memorial Basketball Hall of Fame announced that Simon would be inducted into the Hall later that year as a contributor.

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