American real estate magnate Herb Simon is the Chairman Emeritus of the board of Simon Property Group Inc. and has an estimated net worth of over $2.8 billion as of November 2016 according to Forbes. He is ranked 222nd on the Forbes 400 List and 612nd on the list of the world's billionaires.

Herbert Simon was born on October 20, 1934 in New York City to a Jewish family and he went to City College of New York. In 1960, he co-founded Melvin Simon and Associates along with his brother Melvin, who passed away in 2009. The company is now called Simon Property Group, a shopping mall developer that has grown to be the largest, publicly-traded, real investment company in the United States.

It now owns stakes in 326 retail properties in North America and Asia as well as 80 Premium Outlet malls. His nephew David, the son of Melvin, serves as the Chief Executive Officer since 1995.

Simon is the owner of the Indiana Pacers of the NBA and the Indiana Fever of the WNBA. In 2010, he bought the Kirkus Reviews. He also has stakes in the minor league baseball team Reno Aces. He has been married three time and has eight children. His Herbert Simon Family Foundation donated $1 million in February to support early childhood literacy efforts at the Indianapolis Public Library.

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