The Ledger / Herb Simon
Herb Simon
◼ Origin
Herbert Simon (born 1934, Brooklyn, New York) co-founded Melvin Simon & Associates in 1960 with his brother Melvin, beginning with Midwest strip malls and growing it into Simon Property Group (NYSE: SPG) — the largest US shopping mall real estate investment trust. Herb and Melvin purchased the Indiana Pacers (NBA) in 1983; Herb has retained ownership since Melvin's death in 2009. The brothers built their real estate empire from a single strip mall lease with no inherited enterprise.
◼ Self-Made Verdict — YES
Built from scratch beginning with a single strip mall lease in 1960 with brother Melvin; parents were immigrants, no inherited business or capital base documented.
◼ Documented marks
01
Co-founder and long-tenured board member of Simon Property Group (NYSE: SPG) — the largest US mall REIT, managing/owning 200+ retail properties globally including a co-interest in the Mall of America
02
Owns the Indiana Pacers (NBA) and Indiana Fever (WNBA) through Pacers Sports & Entertainment
03
Retains significant beneficial ownership of Simon Property Group through partnership units
04
Acquired Kirkus Reviews (literary media outlet) personally in 2010
05
Brother Melvin Simon co-founded the business; Herb has retained sole ownership since Melvin's death in 2009
06
Co-founder and long-tenured board member of Simon Property Group (NYSE: SPG) — the largest US mall REIT, managing/owning 200+ retail properties globally including a co-interest in the Mall of America
07
Owns the Indiana Pacers (NBA) and Indiana Fever (WNBA) through Pacers Sports & Entertainment
08
Retains significant beneficial ownership of Simon Property Group through partnership units
09
Acquired Kirkus Reviews (literary media outlet) personally in 2010
10
Brother Melvin Simon co-founded the business; Herb has retained sole ownership since Melvin's death in 2009
No inheritance, or primary accounts documented for this billionaire yet.
◼ List of charges
Total sentence
0–0 years
That is
0.0–0.0 life sentences
(using 78 years as one life)
These are moral charges, not legal ones. The actual legal system has not — and will not — bring them.
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