David Simon, CEO of Simon Property Group, dies after cancer battle
USA TODAY
David Simon, the longtime visionary of the largest mall ownership group, died March 22 after a battle with cancer. His son, Eli, was named the new CEO.
David Simon — the leader of Simon Property Group, the largest retail real estate company in the world — died March 22 at the age of 64.
Simon died following a 2024 cancer diagnosis. He remained at the helm of the company his father and uncle founded as he battled the illness.
On Monday, The Simon Property Group Board of Directors appointed Eli Simon, David's eldest son, chief executive and president of the Indianapolis-based company, continuing the family's strong leadership of the company. Eli Simon will also continue to serve in his previous role, chief operating officer.
In a statement, the Simon family said David "poured his heart and soul into building Simon Property Group." David joined Melvin Simon and Associates, the company's predecessor, as chief financial officer in 1990 after starting his career as a Wall Street investment banker.
Simon stayed with Simon Property Group and was named CEO at 33 years old, becoming one of the youngest CEOs in the country. In his three decades as chief executive, Simon transformed the company from a regional real estate business into the largest mall ownership group and the largest publicly owned retail real estate company in the world. In that time span, Simon also solidified himself as a formidable leader in the real estate world.
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