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Herbert Simon Biography and Net Worth

Chairman of Simon Property Group

Herbert Simon is Chairman Emeritus and co-founder of Indianapolis-based Simon Property Group, Inc. Simon is a global leader in retail real estate ownership, management and development and a S&P100 company. Our industry-leading retail properties and investments across North America, Europe and Asia provide shopping experiences for millions of consumers every day and generate billions in annual retail sales.

Born in Brooklyn, N.Y. and educated at City College of New York he earned a B.B.A. degree in business. Mr. Simon, along with brothers Melvin and Fred, founded Melvin Simon & Associates as a private company in 1960, becoming one of this industry’s earliest pioneers. In l993, the company made history when Simon Property Group was formed from an Initial Public Offering (NYSE:SPG), becoming the largest REIT IPO in U.S. history at that time.

Mr. Simon’s diversified business interests beyond real estate include ownership of the NBA franchise Indiana Pacers. He is also part owner of the AAA Baseball Reno Aces.

A firm supporter of professional, environmental and community groups, Mr. Simon has served on the board of directors of numerous community and civic organizations. He has held leadership roles within several industry associations.

What is Herbert Simon's net worth?: The estimated net worth of Herbert Simon is at least $32.72 million as of March 18th, 2020. Mr. Simon owns 190,925 shares of Simon Property Group stock worth more than $32,720,727 as of December 23rd. This net worth approximation does not reflect any other assets that Mr. Simon may own. Learn More about Herbert Simon's net worth.
How do I contact Herbert Simon?: The corporate mailing address for Mr. Simon and other Simon Property Group executives is 225 WEST WASHINGTON STREET, INDIANAPOLIS IN, 46204. Simon Property Group can also be reached via phone at (317) 636-1600 and via email at [email protected]. Learn More on Herbert Simon's contact information.
Has Herbert Simon been buying or selling shares of Simon Property Group?: Herbert Simon has not been actively trading shares of Simon Property Group during the last ninety days. Most recently, on Wednesday, March 18th, Herbert Simon bought 188,572 shares of Simon Property Group stock. The stock was acquired at an average cost of $52.68 per share, with a total value of $9,933,972.96. Following the completion of the transaction, the chairman now directly owns 190,925 shares of the company's stock, valued at $10,057,929. Learn More on Herbert Simon's trading history.
Who are Simon Property Group's active insiders?: Simon Property Group's insider roster includes Glyn Aeppel (Director), Steven Broadwater (CAO), Karen Horn (Director), Allan Hubbard (Director), Andrew Juster (CFO), Reuben Leibowitz (Director), Peggy Roe (Director), David Simon (Chairman, CEO & President), Herbert Simon (Chairman), Daniel Smith (Director), J. Smith, Jr. (Director), and Marta Stewart (Director). Learn More on Simon Property Group's active insiders.
Are insiders buying or selling shares of Simon Property Group?: During the last year, Simon Property Group insiders bought shares 3 times. They purchased a total of 1,012 shares worth more than $158,937.26. The most recent insider tranaction occured on September, 30th when Director Allan B Hubbard bought 370 shares worth more than $61,901.00. Insiders at Simon Property Group own 8.5% of the company. Learn More about insider trades at Simon Property Group.
Information on this page was last updated on 9/30/2024.

Herbert Simon Insider Trading History at Simon Property Group

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details
3/18/2020	Buy	188,572	$52.68	$9,933,972.96	190,925

Herbert Simon Buying and Selling Activity at Simon Property Group

Simon Property Group Company Overview

Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries. We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. At June 30, 2024, we owned or had an interest in 230 properties comprising 183 million square feet in North America, Asia and Europe. We also owned an 84% interest in The Taubman Realty Group, or TRG, which owns 22 regional, super-regional, and outlet malls in the U.S. and Asia. Additionally, at June 30, 2024, we had a 22.4% ownership interest in Klépierre, a publicly traded, Paris-based real estate company, which owns shopping centers in 14 European countries.

Today's Range

Now: $171.38

$169.56

$171.75

50 Day Range

MA: $177.29

$167.70

$183.81

2 Week Range

Now: $171.38

$135.15

$186.00

Volume

1,388,467 shs

Average Volume

1,466,738 shs

Market Capitalization

$55.92 billion

P/E Ratio

22.82

Dividend Yield

4.89%

Beta

1.75

Buffett's Oil Bet + This 22% Dividend Play

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