Alfred Taubman was a highly successful American businessman and real estate developer. He significantly impacted the retail industry and amassed a substantial net worth throughout his career.
This article overviews Alfred Taubman net worth, achievements, and personal life. Let’s follow!
Contents
Quick Facts
| Full Name | Alfred Taubman |
|---|---|
| Popular Name | Alfred Taubman |
| Gender | Male |
| Birth Date | January 31, 1924 |
| Age | 99 (at the time of death) |
| Parents | Philip and Fannie Taubman |
| Die | April 17, 2015 Bloomfield Hills, Michigan, U.S. |
| Birth Place | Pontiac, Michigan, United States |
| Nationality | American |
| Ethnicity | White |
| Education | University of Michigan |
| Marital Status | Married |
| Sexual Orientation | Straight |
| Wife/Spouse | Judith Mazor Rounick (m. 1982-2015) |
| Children | Gayle Taubman Kalisman, Robert Taubman |
| Dating | No information available |
| Net Worth | $3.1 billion |
| Source of Wealth | Real estate and business investments |
| Height | No information available |
| Weight | No information available |
What is Alfred Taubman Net Worth and Salary in 2023?
According to Celebritynetworth, Alfred Taubman’s estimated net worth is an impressive $3.1 billion.
Throughout his career, he amassed a fortune through his successful ventures in real estate development and his ownership of Sotheby’s Auction House.
His meticulous attention to detail and ability to create stress-free shopping experiences contributed to his wealth.
Read More: Alfred P Sloan Net Worth
Why is Alfred Taubman Famous?
He gained fame as one of America’s most successful entrepreneurs and a pioneer in the shopping center industry. He conceptualized and popularized the modern indoor shopping mall, revolutionizing the retail landscape.
His contributions to the field earned him recognition as a visionary and a leader. Additionally, Taubman was actively involved in various business, civic, cultural, and educational activities worldwide.
Biography Overview
Early Life
Alfred Taubman was born on January 31, 1924, in Pontiac, Michigan. His parents faced financial hardships during the Great Depression, which led Taubman to start working at a young age to support his family. He attended Pontiac Central High School and later enrolled at the University of Michigan to study architecture.
Education
While at the University of Michigan, Taubman enlisted in the United States Army Air Forces during World War II. After serving as a mapmaker in the Pacific Theater, he returned to the university under the GI Bill to continue his studies. Although he studied architecture, Taubman did not graduate from the University of Michigan or Lawrence Technological University.
Career and Awards
In 1950, A. Alfred Taubman founded his real estate development firm, Taubman Centers, Inc. He quickly gained recognition for his upscale shopping centers, known for their attention to detail and stress-free shopping experiences.
Taubman’s developments, such as the Mall at Short Hills in New Jersey, remain among the most profitable shopping centers in the country.
Taubman’s success extended beyond real estate. In 1983, he purchased Sotheby’s Auction House when it was struggling. Through his redesign efforts, the company regained prominence in the art market. Taubman served as Chairman until 2005, when he sold his portion of the company.
Taubman received several awards and honors for his contributions to the business world, including the National Building Museum’s Vincent Scully Prize and the Urban Land Institute’s Lifetime Achievement Award.
Personal Life
He married Judith Mazor Rounick, and the couple had three children together. Despite his professional success, Taubman faced legal challenges related to antitrust issues in the 2000s. However, his impact on the retail and real estate industries remained significant.
Social Media Accounts
As a prominent figure from a previous era, he did not maintain personal social media accounts. However, his contributions to the retail landscape continue to be celebrated by the real estate and business communities.
FAQs about Alfred Taubman
What were some of Alfred Taubman’s notable shopping center projects?
His notable shopping center projects include the Mall at Short Hills in New Jersey, the Beverly Center in Los Angeles, and the Woodfield Mall in Illinois.
What legal challenges did Alfred Taubman face in the 2000s?
In 2001, he faced legal challenges related to antitrust issues when he was convicted of price-fixing in the Sotheby’s and Christie’s auction house scandal. He served a prison sentence but continued to be involved in his real estate ventures upon release.
Who owns Taubman Centers?
Taubman Centers is a subsidiary of Simon Property Group since 2020.
Conclusion
His impact on the retail and real estate industries is undeniable. As a visionary and pioneer, he revolutionized the concept of modern shopping malls and left a lasting legacy. For more information about Alfred Taubman, visit the Hereofamily.
