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 pivotal moment for the retail real estate industry, as he was instrumental in transforming Simon Property Group into the largest retail real estate company in the world.
Under Simon’s leadership, the company grew to own or hold interests in over 250 properties, encompassing more than 200 million square feet across North America, Europe, and Asia. Appointed CEO at just 33 years old, he became one of the youngest leaders of a major publicly traded company in America, showcasing a remarkable trajectory that began when he joined Melvin Simon and Associates as chief financial officer in 1990.
David Simon orchestrated the company’s initial public offering on the New York Stock Exchange in 1993, raising nearly $1 billion and setting the stage for its future growth. His vision and strategic decisions propelled Simon Property Group from a regional player to a global powerhouse in retail real estate, a transformation that has left an indelible mark on the industry.
Key moments
Simon was not only a business leader but also a devoted 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 outpouring of love and support they received following his passing, emphasizing that he was most proud of his family.
In the wake of his death, Eli Simon, his eldest son, has been appointed as the new CEO and president of Simon Property Group. Additionally, Larry Glasscock, the newly appointed non-executive chairman of the board, praised David Simon as “the finest leader in the history of the retail real estate industry,” underscoring the significant impact he had on the sector.
David Simon’s legacy transcends mere financial performance; it embodies a commitment to innovation and excellence in retail real estate. His contributions have set a benchmark for future leaders in the industry. As the Simon family navigates this difficult time, they have requested privacy to grieve their loss, a sentiment echoed by many who admired David Simon both personally and professionally.
As the retail landscape continues to evolve, the absence of David Simon will be felt deeply. His vision and leadership have shaped not only the trajectory of Simon Property Group but also the broader retail real estate market, leaving a legacy that will influence generations to come.
