David Simon (CEO)

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.

David Simon
Born1961/1962 (age 58–59)[1]
EducationIndiana University, Bloomington (BA)
Columbia University (MBA)
Net worthUS$1.0 billion (2017)[2]
Spouse(s)Jacqueline Freed (1986)
Children5
RelativesMelvin Simon (Father)
Paul Skjodt (brother-in-law)

Early life and education

Simon is the son of Jewish American real estate developer and founder 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

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

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

Personal life

In 1986, he married Jacqueline Susan Freed.[10][11][12] They have five children.[13][14]

References
  1. "Executive Profile: David E. Simon". Bloomberg LP. Retrieved 6 November 2018.
  2. "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. Archived from the original on 13 April 2009. 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. School, Columbia Business (2013-10-23). "David E. Simon Pledges $5 Million toward Manhattanville". Newsroom. Retrieved 2019-12-27.
  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
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