Herb Simon (businessman)

Last updated
Herbert Simon
Herb Simon NBA All-Star Announcement Press Conference - 53307854219 (cropped).jpg
Simon in November 2023
Born (1934-10-23) October 23, 1934 (age 89) [1]
New York City, U.S.
Alma mater City College of New York (B.B.A) [2]
OccupationChairman emeritus of the Simon Property Group
Known forReal Estate Development
Indiana Pacers and Indiana Fever owner
Spouse(s)Sheila Simon (divorced)
Diane Meyer (divorced)
Porntip Bui Nakhirunkanok
Children10
Family Melvin Simon (brother)
David Simon (nephew, Melvin's son)

Herbert Simon (born October 23, 1934) is an American real estate developer. He resides in Indianapolis, Indiana. He was educated at the City College of New York and is the owner of the Indiana Pacers and Indiana Fever, [3] and chairman emeritus of the shopping mall developer Simon Property Group. In 2010, he purchased Kirkus Reviews. [4]

Contents

Forbes estimated his net worth to be around US$4.7 billion in early 2024. [5]

Early life and education

He was born to a Jewish family in Williamsburg, Brooklyn and grew up in the Bronx, the son of Max and Mae Simon. [1] His father was a tailor who had emigrated from Central Europe. His older brother is the late Melvin Simon. His oldest brother is the late Fred Simon, who was the longtime leasing director at Simon Property Group. Herbert Simon graduated from The City College of New York with a B.B.A. in Business. [2]

Personal life

Simon has been married three times. His first wife was Sheila Simon. [5] they have two children. [6]

In 1981, Simon married Diane Meyer, political staffer for Senator Birch Bayh of Indiana. [6] They divorced in 2000. [6] They have three children. [6]

In 2002, Simon married Porntip Bui Nakhirunkanok (born February 7, 1969, Bangkok, Thailand), Miss Universe 1988. They have five children. [7] [8]

Indiana Pacers

In 1983, Simon and his brother, Mel (1927–2009), purchased the NBA's Indiana Pacers from Sam Nassi and Frank Mariani. [9] [10] He and nephew David (Mel's son) are also the owners of the WNBA's Indiana Fever, [11] and formerly owned the USL's now defunct Reno 1868 FC. [12]

Related Research Articles

<span class="mw-page-title-main">Indiana Pacers</span> National Basketball Association team in Indianapolis, Indiana

The Indiana Pacers are an American professional basketball team based in Indianapolis. The Pacers compete in the National Basketball Association (NBA) as a member of the Central Division of the Eastern Conference.

<span class="mw-page-title-main">Indiana Fever</span> American womens professional basketball team

The Indiana Fever is an American professional basketball team based in Indianapolis, playing in the Eastern Conference in the Women's National Basketball Association (WNBA). The team was founded before the 2000 season began. The team is owned by Herb Simon, who also owns the Fever's NBA counterpart, the Indiana Pacers, and Simon Malls.

<span class="mw-page-title-main">Gainbridge Fieldhouse</span> Indoor arena in Indianapolis, Indiana, U.S.

Gainbridge Fieldhouse is an indoor arena located in downtown Indianapolis, Indiana, United States. It opened in November 1999 to replace Market Square Arena. The arena is the home of the Indiana Pacers of the National Basketball Association and the Indiana Fever of the Women's National Basketball Association. The fieldhouse also hosts college basketball games, indoor concerts, and ice hockey.

Bui Simon is a Thai philanthropist and beauty queen who won Miss Universe 1988. Simon is president and founder of the Angels Wings Foundation. She is on the Board of Regents of Pepperdine University, the Board of the Children's Museum of Indianapolis as a Distinguished Advisor and also is on the Board of Governors for the Dream Foundation.

WXIN is a television station in Indianapolis, Indiana, United States, affiliated with the Fox network. It is owned by Nexstar Media Group alongside Bloomington-licensed CBS affiliate WTTV, channel 4. The stations share studios on Network Place in northwestern Indianapolis; WXIN's transmitter is located on West 73rd Street on the northern outskirts of the city.

<span class="mw-page-title-main">Mel Daniels</span> American basketball player and coach (1944–2015)

Melvin Joe Daniels was an American professional basketball player. He played in the American Basketball Association (ABA) for the Minnesota Muskies, Indiana Pacers, and Memphis Sounds, and in the National Basketball Association for the New York Nets. Daniels was a two-time ABA Most Valuable Player, three-time ABA Champion and a seven-time ABA All-Star. Daniels was the All-time ABA rebounding leader, and in 1997 was named a unanimous selection to the ABA All-Time Team. Daniels was enshrined into the Naismith Memorial Basketball Hall of Fame in 2012.

<span class="mw-page-title-main">Simon Property Group</span> International real estate investment trust founded in the United States

Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. Worldwide, it owns interests in 232 properties as of 2021.

<span class="mw-page-title-main">Roger Brown (basketball, born 1942)</span> American basketball player

Roger William Brown was an American professional basketball player and councilman. A unanimous ABA All-Time Team selection, he was inducted into the Naismith Memorial Basketball Hall of Fame in 2013.

David E. Simon is an American billionaire real estate developer, chairman and chief executive officer (CEO) of Indianapolis-based Simon Property Group, an S&P 100 company and the largest U.S. publicly traded commercial real estate company.

<span class="mw-page-title-main">Jim Irsay</span> American sports team owner (born 1959)

James Irsay is an American businessman and the principal owner, chairman, and CEO of the Indianapolis Colts of the National Football League (NFL).

<span class="mw-page-title-main">Circle Centre Mall</span> Shopping mall in Indianapolis, Indiana, U.S.

Circle Centre Mall is an indoor shopping mall located in Indianapolis, Indiana, United States. Circle Centre Mall was opened to the public on September 8, 1995, and incorporates existing downtown structures such as the former L. S. Ayres flagship store. The mall is anchored by Regal Cinemas and the offices for The Indianapolis Star. The space occupied by former anchor Carson Pirie Scott is vacant.

The Fashion Mall at Keystone, known better as The Fashion Mall, is an upscale shopping center in the northeast section of the city of Indianapolis, Indiana. The mall is located off I-465 at 86th Street and Keystone. The mall is considered the heart of the Keystone at the Crossing district. Developed, managed, and owned by Indianapolis-based Simon Property Group, the anchor stores are Nordstrom, Pottery Barn, The North Face, Apple Store, Urban Outfitters, Crate & Barrel, and Saks Fifth Avenue. The Fashion Mall consists of two two-story buildings. When the mall first opened, they were linked by a glass archway called "The Crossing" that also served as the mall's food court. The former archway known as "The Crossing" has since been converted into additional retail space. The mall offers 123 specialty shops and restaurants. Over 40% of the stores in the mall have their sole location in the state of Indiana there. About 97% of the store's retail area was in use at the end of 2006.

<span class="mw-page-title-main">Greenwood Park Mall</span> Shopping mall in Indiana, United States

Greenwood Park Mall is a shopping mall located in Greenwood, Indiana. The mall is the hub of the retail and commercial corridor along U.S. Highway 31 on the south side of the Indianapolis Metropolitan Area. As with several other central Indiana shopping centers, Greenwood Park Mall is owned and operated by Simon Property Group.

<span class="mw-page-title-main">Mounds Mall</span> Shopping mall in Indiana, United States

Mounds Mall is a defunct enclosed shopping mall located in the city of Anderson, Indiana, United States. Opened in stages between 1964 and 1965, it was one of the first enclosed malls developed by Melvin Simon & Associates, now known as Simon Property Group. The mall's original anchor stores were H. P. Wasson and Company, Montgomery Ward, and J. C. Penney; over time, the Wasson store became Meis, Elder-Beerman, and Carson's, while Montgomery Ward became Sears and J. C. Penney was torn down and rebuilt as a movie theater. After a period of decline, Mounds Mall closed to the public in April 2018. The movie theater closed a year later, leaving no businesses in the building.

Sports in Indianapolis include major league franchises, collegiate athletics, and a variety of other club and individual sporting events that have taken place in Indianapolis, Indiana, United States. Indianapolis is the home to 11 professional sports teams. The city is also home to three National Collegiate Athletic Association collegiate teams. Two teams from the four major American leagues, the Indianapolis Colts and Indiana Pacers, are located in Indianapolis.

<i>Landmark for Peace Memorial</i> Memorial sculpture in Indianapolis, Indiana, U.S.

The Landmark for Peace is a memorial sculpture in Dr. Martin Luther King Jr. Park on the northside of Indianapolis. It honors the contributions of the slain leaders Robert F. Kennedy and Martin Luther King Jr. The memorial, which features Kennedy and King reaching out to each other, was designed and executed by Indiana artist Greg Perry. The bronze portraits were created by Indianapolis sculptor Daniel Edwards.

Melvin Simon was an American businessman and film producer, who co-founded the largest shopping mall company in the United States, the Simon Property Group, with his younger brother, Herb Simon. The pair jointly purchased the Indiana Pacers in 1983.

Diane Meyer Simon is an environmental and political activist, and the founder and leader of Global Green USA and a member of the Green Cross International's (GCI) Honorary Board. She is the former wife of Indiana real-estate billionaire Herbert Simon.

<span class="mw-page-title-main">Indiana Pacers Bikeshare</span> Public bike-sharing system in Indianapolis, Indiana, U.S.

Indiana Pacers Bikeshare, also known as Pacers Bikeshare, is a public bicycle-sharing system in Indianapolis, Indiana, U.S. The service is operated by BCycle, a public bicycle-sharing company owned by Trek Bicycle Corporation. The system launched in April 2014 with 250 bikes and 25 docking stations and has since expanded to 525 bikes and 50 stations. The service is available to users 24/7 year-round. Pacers Bikeshare is owned by and managed as a program of the Indianapolis Cultural Trail.

References

  1. 1 2 Indianapolis Star: "Mel and Herb Simon - mall developers, owners of the Indiana Pacers" Archived 2007-04-03 at the Wayback Machine June 2004
  2. 1 2 "Simon Youth Foundation Elects Lena Barkley, Dr. Leslie Fatum, Jeff Kucer to Board of Directors: Herbert Simon, David Simon, the late Melvin Simon named Honorary Board Member" Archived 2015-03-14 at the Wayback Machine , press release, Simon Youth Foundation, February 25, 2014
  3. East, Tony (2023-12-22). "Indiana Pacers owner Herb Simon nominated for Naismith Basketball Hall of Fame". Sports Illustrated Indiana Pacers news, analysis and more. Retrieved 2024-01-24.
  4. Swiatek, Jeff. "Herb Simon, in literary stab, buys Kirkus Reviews" . Retrieved 11 February 2010.
  5. 1 2 "Herb Simon". Forbes. Retrieved 2024-01-24.
  6. 1 2 3 4 Diane Meyer Simon website retrieved March 17, 2013
  7. Angel Wings Foundation retrieved March 18, 2013
  8. Bui Simon website retrieved March 18, 2013
  9. "Pacers reach deal to keep team in Indianapolis". ESPN.com. 2019-04-12. Retrieved 2020-07-29.
  10. "How the Pacers Flipped Bad Luck To Good Fortune in the 1980s". Indiana Pacers. Retrieved 2020-07-29.
  11. Agness, Scott. "Pacers owner Herb Simon named a first-time nominee for Naismith Basketball Hall of Fame". www.fieldhousefiles.com. Retrieved 2024-01-24.
  12. LoRé, Michael. "Why Former Soccer Stars Like Landon Donovan And Tim Howard Are Investing In The USL". Forbes. Retrieved 2020-07-29.