David Simon Back in Spotlight with New Projects

INDIANAPOLIS, March 23, 2026 /PRNewswire/ — It is with deep sorrow and profound respect that Simon Property Group announced the passing of its Chairman, Chief Executive Officer, and President, David Simon. A transformative figure in the global retail real estate industry, Simon passed away peacefully on March 22, 2026, at the age of 64, after a courageous battle with cancer. Surrounded by his family in his final moments, his passing marks the end of an era for one of the most influential companies in the world.

David Simon was not just a corporate leader—he was the architect of a global empire that reshaped the retail real estate landscape. Under his leadership, Simon Property Group became the largest and most admired retail real estate company worldwide, setting benchmarks for excellence, innovation, and financial performance.

Statement from the Simon Family

The Simon family released an emotional statement expressing gratitude and requesting privacy during this difficult time. They highlighted the immense love and support they have received from around the world, a testament to David Simon’s far-reaching influence.

“Our beloved husband, father, grandfather, and brother poured his heart and soul into building Simon Property Group,” the family shared. They emphasized that despite his extraordinary professional achievements, Simon was most proud of his family—his wife Jackie, with whom he shared over 40 years of marriage, their five children, and seven grandchildren.

The statement reflects not only a personal loss but also the emotional connection Simon had with those closest to him. His legacy extends far beyond business—it lives in the family he cherished and the values he upheld.

Leadership Continuity and Succession

Additionally, Larry Glasscock has been named Non-Executive Chairman of the Board. This strategic decision aligns with the company’s governance principles and ensures that leadership remains strong and focused during this period of transition.

The Board reassured stakeholders—including shareholders, employees, tenants, and partners—that operations will continue without interruption. Supported by a world-class management team and a portfolio of irreplaceable assets, the company is well-positioned to carry forward David Simon’s legacy.

Statement from Larry Glasscock, Non-Executive Chairman

Larry Glasscock delivered a heartfelt tribute on behalf of the Board of Directors, highlighting the extraordinary impact of David Simon’s leadership.

“David Simon was, quite simply, the finest leader in the history of the retail real estate industry,” Glasscock stated. He praised Simon’s unmatched strategic vision, relentless pursuit of excellence, and ability to transform a family-owned business into a global powerhouse.

Glasscock emphasized that Simon’s contributions went beyond financial success. He described him as a leader of integrity, loyalty, and conviction—qualities that inspired those around him to strive for greatness. His leadership set a standard not just within the company, but across the entire industry.

Every Simon Mall®, Simon Premium Outlet®, and mixed-use development stands as a testament to his vision. These properties are not just commercial spaces—they are vibrant community hubs shaped by Simon’s innovative approach to retail experiences.

A Once-in-a-Generation Leader: The Legacy of David Simon

David Simon’s career is widely regarded as one of the most remarkable leadership journeys in modern business history. Over more than three decades, he transformed a regional real estate enterprise into a global leader in retail real estate.

Joining Melvin Simon & Associates as Chief Financial Officer in 1990, Simon brought with him a strong foundation in investment banking. His experience at First Boston Corporation and Wasserstein Perella & Co. equipped him with the financial expertise and strategic insight that would define his career.

In 1993, at just 31 years old, he orchestrated the company’s initial public offering on the New York Stock Exchange, raising nearly $1 billion. This milestone marked the beginning of a bold and ambitious era for the company.

By 1995, Simon became CEO at the age of 33, making him one of the youngest leaders of a major publicly traded company in the United States. Under his leadership, the company achieved a staggering total shareholder return of over 4,500% since its IPO—an achievement that places him among the greatest value creators in business history.

Building a Global Retail Empire

David Simon’s strategic brilliance was most evident in his ability to execute transformative acquisitions. His leadership saw the acquisition of major entities such as DeBartolo Realty Corporation, Corporate Property Investors, Chelsea Property Group, the Mills Corporation, and Taubman Centers.

Each acquisition strengthened the company’s portfolio, expanded its global reach, and enhanced its competitive advantage. At the time of his passing, Simon Property Group owned or held interests in over 250 properties across North America, Europe, and Asia, totaling more than 200 million square feet.

Iconic destinations like King of Prussia, Roosevelt Field, Sawgrass Mills, and Houston Galleria became symbols of the company’s dominance in the retail real estate sector.

Redefining the Retail Experience

One of David Simon’s greatest contributions was his ability to anticipate and adapt to changing market dynamics. He recognized early on that retail spaces needed to evolve beyond traditional shopping environments.

Under his leadership, the company invested billions in transforming malls into experiential destinations—integrating shopping, dining, entertainment, and community engagement. This forward-thinking approach ensured the continued relevance of Simon’s properties, even as the retail industry faced challenges from e-commerce and shifting consumer behavior.

Leadership During Times of Crisis

David Simon’s resilience and strategic thinking were particularly evident during times of crisis. He successfully guided the company through the global financial crisis of 2008–2009, emerging stronger with an improved balance sheet and expanded portfolio.

During the COVID-19 pandemic in 2020, when retail properties worldwide faced unprecedented disruptions, Simon acted decisively. He implemented safety measures, supported tenants, and positioned the company for a rapid recovery.

His ability to navigate uncertainty and turn challenges into opportunities became a defining characteristic of his leadership.

Global Influence and Recognition

A Legacy Beyond Business

Despite his extraordinary professional accomplishments, David Simon remained deeply committed to his family and personal values. He was a graduate of Indiana University’s Kelley School of Business and Columbia Business School, where he developed the foundation for his successful career.

He was not only a builder of assets but also a builder of people. His leadership fostered a culture of excellence, accountability, and ambition, shaping the careers of countless professionals.

His influence will continue to be felt for generations, both within the company and across the broader business community.

Condolence and Memorial Information

Details regarding memorial services will be announced at a later date. The Simon family has requested that, in lieu of flowers, contributions be made to organizations such as the Anti-Defamation League, American Jewish Committee, UJA Federation of New York, and the Foundation to Combat Antisemitism.

These contributions reflect the values and causes that were important to David Simon and his family.

The passing of David Simon marks the loss of a visionary leader whose impact on the retail real estate industry is unparalleled. His legacy is one of innovation, resilience, and excellence—a legacy that will continue to guide Simon Property Group and inspire future generations of leaders.

From transforming a family business into a global powerhouse to redefining the retail experience, David Simon’s contributions have left an indelible mark on the world. While he may no longer be with us, his vision, values, and achievements will endure as a lasting testament to a truly extraordinary life.

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