David Simon (CEO)

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David E. Simon
Born1961/1962 (age 56–57)[1]
NationalityAmerican
EducationIndiana University
Columbia University
OccupationBusinessman
Salary$4,765,657 (2017)[1]
Net worthUS$1.0 billion (2017)[2]
Spouse(s)Jacqueline Susan Freed (m. 1986)
Children5
Parent(s)Bess Meshulam Simon
Melvin Simon
RelativesPaul Skjodt (brother-in-law)

David E. Simon (born 1961/1962) is an American billionaire real estate developer, chairman and chief executive officer (CEO) of Indianapolis-based Simon Property Group, an S&P 500 company and the largest U.S. publicly traded real estate company.

Early life and education[edit]

Simon is the son of Jewish American real estate developer Melvin Simon and his first wife Bess (née Meshulam).[3] He obtained a B.S. degree from Indiana University in 1983 and an M.B.A. from Columbia University's Graduate School of Business in 1985.[4]

Career[edit]

Simon started his career at First Boston.[5] From 1988 to 1990, he worked at Wasserstein Perella & Co. as a vice president.[6]

In 1990,[2] he joined Simon Property precursor Melvin Simon & Associates as Chief Financial Officer. In 1993, he led the efforts to take Simon Property Group public with a nearly $1 billion initial public offering that, at the time, was the largest real estate stock offering. He became CEO in 1995 and Chairman in 2007.

He is a former chairman of the National Association of Real Estate Investment Trusts (NAREIT) leadership team[7] and is a former trustee of the International Council of Shopping Centers (ICSC). In 2000, he was inducted into the Indiana University Kelley School of Business Academy of Alumni Fellows.[8]

Philanthropy[edit]

In 2013, he donated $5 million support the construction Columbia Business School's new facilities.[9]

Personal life[edit]

In 1986, he married Jacqueline Susan Freed.[10][11][12] They have five children:[13] Eli, Rebecca, Hannah, Samuel, and Noah.[14]

References[edit]

  1. ^ a b "Executive Profile: David E. Simon". Bloomberg LP. Retrieved 6 November 2018.
  2. ^ a b "Archived copy". Archived from the original on 2017-09-24. Retrieved 2017-09-24.CS1 maint: Archived copy as title (link)
  3. ^ Indianapolis Star: "Simon’s daughter sues widow over will - Complaint says billionaire’s 2nd wife coerced him into signing new estate plan favoring her" by John Russell Estateofdenial.com, January 9, 2010
  4. ^ "David Simon, CEO of Simon Property Group (SPG), Earns $1.2 mil". Forbes.com. Retrieved 13 January 2018.
  5. ^ "National Real Estate Investor". Nreionline.com. Archived from the original on 2011-07-21. Retrieved 13 January 2018.
  6. ^ "Sheikha Mozah Bint Nasser Al-Missned". People.forbes.com. Retrieved 13 January 2018.
  7. ^ "Nareit Leadership Team". Nareit. Retrieved 2019-02-04.
  8. ^ "Honoree: Search Awards: University Honors & Awards: Indiana University". honorsandawards.iu.edu. Retrieved 2019-02-04.
  9. ^ [1]
  10. ^ "Jacqueline S. Freed to WedDavid E. Simon Next June". Nytimes.com. 17 March 1985. Retrieved 13 January 2018.
  11. ^ "Archived copy". Archived from the original on 2009-03-11. Retrieved 2009-10-15.CS1 maint: Archived copy as title (link)
  12. ^ "Life Sciences Building in Bloomington". Newground.iufoundation.iu.edu. Archived from the original on 2009-03-10. Retrieved 13 January 2018.
  13. ^ Indianapolis Business Journal: "Simon Property CEO uses hard-nosed style to excel at acquisitions" by Cory Schouten Ibj.com, March 6, 2010
  14. ^ Jewish Federation of Greater Indianapolis: "The Hebrew University of Jerusalem Dedicates Simon Family Dormitory at New Scopus Student Village - Hebrew U Recognizes the Generosity of Family Behind Simon Property Group" Archived 2013-10-29 at the Wayback Machine Jfgi.org August 22, 2007