Key moments
In a heartbreaking development, 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.
Simon was appointed CEO of Simon Property Group at just 33 years old, becoming one of the youngest leaders of a major publicly traded company in America. Under his leadership, the company grew to become the largest retail real estate company in the world, owning or holding interests in more than 250 properties that encompass over 200 million square feet across North America, Europe, and Asia.
David Simon joined Melvin Simon and Associates as chief financial officer in 1990 and played a pivotal role in orchestrating the company’s initial public offering on the New York Stock Exchange in 1993, which raised nearly $1 billion. His strategic vision transformed Simon Property Group from a regional real estate business into the largest mall ownership group globally.
At the time of his passing, Simon was surrounded by family, including his wife Jackie, to whom he was married for over 40 years, and their five children and seven grandchildren. The Simon family expressed their gratitude for the overwhelming support they have received, stating, “Our family is deeply grateful for the tremendous outpouring of love and support we have received from across the globe.” They also requested privacy as they navigate this difficult time.
In a statement, Larry Glasscock, who has been appointed as non-executive chairman of the board following Simon’s death, praised him, saying, “David Simon was, quite simply, the finest leader in the history of the retail real estate industry.” He added, “David’s legacy transcends financial performance,” highlighting the profound impact Simon had on the industry.
David Simon’s educational background included degrees from The Indiana University Kelley School of Business and Columbia University’s Graduate School of Business, equipping him with the knowledge and skills that propelled his successful career. His leadership style and commitment to innovation set a benchmark in the retail real estate sector.
As the industry mourns his passing, Eli Simon, David’s eldest son, has been appointed as the new CEO and president of Simon Property Group, ensuring that his father’s legacy will continue to influence the company and the industry at large.
Details remain unconfirmed regarding any immediate changes within the company following this significant loss, but the impact of David Simon’s leadership will undoubtedly resonate for years to come.
