Key moments
David Simon, the esteemed CEO of Simon Property Group, passed away on March 22, 2026, at the age of 64 after a courageous battle with cancer. His death marks a significant loss for the retail real estate industry, where he was a transformative figure.
Under Simon’s leadership, Simon Property Group grew to become the largest retail real estate company in the world. Appointed CEO at just 33 years old, he was one of the youngest leaders of a major publicly traded company in America. His tenure began when he joined Melvin Simon and Associates as chief financial officer in 1990, and he played a pivotal role in orchestrating the company’s initial public offering on the New York Stock Exchange in 1993, raising nearly $1 billion.
At the time of his passing, Simon Property Group owned or held interests in over 250 properties, encompassing more than 200 million square feet across North America, Europe, and Asia. This expansive portfolio is a testament to Simon’s vision and strategic acumen in the real estate sector.
David Simon was not only a business leader but also a dedicated family man. He was married to his wife Jackie for over 40 years and was a proud father of five children and grandfather to seven grandchildren. His family released a statement expressing their gratitude for the overwhelming support they received during this difficult time, stating, “Our family is deeply grateful for the tremendous outpouring of love and support we have received from across the globe.” They also highlighted that he was most proud of his family.
Following his death, Eli Simon, David’s eldest son, was appointed as the new CEO and president of Simon Property Group. Larry Glasscock, who took on the role of non-executive chairman of the board, praised David Simon, stating, “David Simon was, quite simply, the finest leader in the history of the retail real estate industry.” He further emphasized that “David’s legacy transcends financial performance,” underscoring the profound impact Simon had on his colleagues and the industry.
David Simon’s journey in the retail real estate sector began with a vision to transform Simon Property Group from a regional player into the largest mall ownership group globally. His efforts not only reshaped the company but also set new standards for the industry.
As the Simon family navigates this challenging time, they have requested privacy to grieve their loss. The legacy of David Simon will undoubtedly continue to influence the retail real estate landscape for years to come.