Herb Simon (businessman)

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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 90) [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
Children8
Family Melvin Simon (brother)
David Simon (nephew)

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]

On April 6, 2024, the Naismith Memorial Basketball Hall of Fame announced that Simon would be inducted into the Hall later that year as a contributor. [13]

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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.
  13. ↑ "Naismith Basketball Hall of Fame Announces 13 Inductees for the Class of 2024" (Press release). Naismith Memorial Basketball Hall of Fame. April 6, 2024. Retrieved June 12, 2024.
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