Key moments
David Simon, the influential CEO of Simon Property Group, passed away on March 22, 2026, in Indianapolis at the age of 64 after a courageous battle with cancer. His death marks a significant moment in the retail real estate industry, where he was a transformative figure.
Simon, who was appointed CEO at just 33 years old, became one of the youngest leaders of a major publicly traded company in America. Under his stewardship, Simon Property Group evolved from a regional real estate business into the largest mall ownership group and the largest publicly owned retail real estate company in the world. At the time of his passing, the company owned or held interests in over 250 properties, encompassing more than 200 million square feet across North America, Europe, and Asia.
David Simon joined Melvin Simon and Associates as chief financial officer in 1990 and orchestrated the company’s initial public offering on the New York Stock Exchange in 1993, raising nearly $1 billion. This pivotal moment set the stage for the company’s expansive growth and solidified Simon’s reputation as a visionary leader in the industry.
In his personal life, Simon was a devoted family man. He was married to his wife Jackie for over 40 years and was a proud father of five children: Eli, Rebecca, Hannah, Sam, and Noah, as well as a grandfather to seven grandchildren. His family was a source of immense pride for him, as he often expressed in public statements.
Following his death, Eli Simon was appointed as the new CEO and president of Simon Property Group, ensuring the continuity of leadership within the organization. Larry Glasscock, who has been a close associate of David Simon, was appointed as non-executive chairman of the board. Glasscock praised Simon, stating, “David Simon was, quite simply, the finest leader in the history of the retail real estate industry,” emphasizing the profound impact Simon had on the sector.
The Simon family released a statement expressing their gratitude for the outpouring of love and support they received from around the world. They requested privacy as they navigate their grief, highlighting the personal loss they are experiencing alongside the professional legacy left behind by David Simon.
As the retail landscape continues to evolve, David Simon’s legacy transcends financial performance. His vision and leadership have shaped the industry, and his contributions will be remembered for years to come. The future of Simon Property Group now rests in the hands of his son Eli and the dedicated team that David built, as they strive to honor his memory and continue his work in the retail real estate sector.
