Herbert Simon Net Worth

Posted by Noelle Montes on Friday, July 19, 2024

Table of Contents

Herbert Simon Net Worth and Biography

Net WorthSalaryBirthdateBirthplaceGenderHeightProfessionNationality
$2.4 billionN/A1934New York CityMaleN/AReal estate tycoon and sports team investorAmerican

Highlights

– Herbert Simon’s net worth is estimated to be $2.4 billion.

– He is the chairman emeritus of the Simon Property Group, the largest real estate investment trust in the United States.

– Simon owns the NBA’s Indiana Pacers and the WNBA’s Indiana Fever.

– He purchased Kirkus Reviews in 2010, an American book review magazine.

– Simon has been married three times and has ten children.

Early Life

Herbert Simon was born in New York City in 1934. He grew up in Williamsburg, Brooklyn, and attended the City College of New York.

Career

In 1983, Herbert Simon and his brother Mel purchased the Indiana Pacers of the National Basketball League. Simon also owns the WNBA’s Indiana Fever. Apart from his sports ownership, Simon is a renowned real estate tycoon.

Herb and Mel Simon founded the Simon Property Group, which is the largest real estate investment trust in the United States. The company primarily develops shopping malls and Premium Outlet Centers. Mel Simon passed away in 2009, leaving Herbert Simon as the chairman emeritus of the Simon Property Group.

In addition to his real estate ventures, Simon purchased Kirkus Reviews in 2010. The magazine, founded in 1933, is a respected American book review publication.

Personal Life

Herbert Simon has been married three times. In 2002, he married Porntip Bui Nakhirunkanok, a former Miss Thailand who was crowned Miss Universe in 1988. The couple has two biological children and they also adopted Porntip Bui Simon’s sister’s three children after her passing. Simon has two children from his first marriage and three children from his second marriage.

Net Worth Over Time

Herbert Simon has amassed a significant net worth over the years. As of now, his net worth is estimated to be $2.4 billion.

Simon’s wealth primarily comes from his real estate investments and ownership of the Indiana Pacers and Indiana Fever. The Simon Property Group, founded by Simon and his brother, is the driving force behind his substantial net worth.

Components of Net Worth

The components contributing to Herbert Simon’s net worth include:

  • The Simon Property Group: As the chairman emeritus of the Simon Property Group, Herbert Simon is associated with one of the largest real estate investment trusts in the United States. The company’s successful development of shopping malls and Premium Outlet Centers has significantly contributed to Simon’s wealth.
  • Ownership of Sports Franchises: Simon owns the NBA’s Indiana Pacers and the WNBA’s Indiana Fever. These sports investments have not only expanded his portfolio but also created revenue streams.
  • Kirkus Reviews: Simon’s acquisition of Kirkus Reviews in 2010 adds a literary aspect to his net worth. The magazine’s reputation and reach potentially contribute to his overall financial standing.

    • Herbert Simon has built a remarkable net worth through his successful ventures in real estate and sports ownership. Alongside his professional achievements, he also maintains a fulfilling personal life with his wife and children.

    Note: All net worths mentioned in the article are estimated figures based on public sources and, unless specified, should be viewed as approximate values.

    ncG1vNJzZmimkaLAsHnGnqVnm59kr627xmifnqqSmr%2B1edKipKimXaOytXnWqKmtoF8%3D

    CATALOG
      FEATURED TAGS