Key moments
David Simon, the influential chairman, president, and CEO of Simon Property Group, passed away on March 22, 2026, at the age of 64 after a brave two-year battle with pancreatic cancer. His death marks the end of an era for one of the largest retail real estate companies in the world, which he led for three decades.
Under Simon’s stewardship, Simon Property Group grew from a regional real estate business into a dominant force in the retail sector, owning or holding interests in more than 250 properties. His leadership was characterized by a relentless drive for excellence and a strategic vision that transformed the company into a global institution, delivering a staggering cumulative total shareholder return of over 4,500 percent since its IPO.
David Simon joined his family’s business as CFO in 1990, shortly after obtaining his bachelor’s degree from Indiana University in 1983 and an MBA from Columbia University in 1985. He took the helm as CEO in 1995, succeeding his father, Melvin Simon, who founded Melvin Simon & Associates in 1960. David’s ability to navigate the complexities of the retail landscape was instrumental in the company’s success.
His contributions to the industry did not go unnoticed; he was recognized as one of the world’s best-performing CEOs by Harvard Business Review in both 2010 and 2013. Colleagues and industry leaders have expressed their admiration for Simon’s business acumen and his commitment to building lasting partnerships. Michael Gould, a retail partner, remarked, “He was a great partner in the malls where we had stores. He was a hard negotiator and tough landlord, but forthright and honest.”
David Simon’s legacy extends beyond his professional achievements. He was married to Jackie Simon for over 40 years and was a devoted father to five children. The Simon family released a heartfelt statement, saying, “Our beloved husband, father, grandfather and brother poured his heart and soul into building Simon Property Group.” His family and friends remember him not only as a business leader but as a loving family man.
Following his passing, Eli Simon, David’s son, has been named the new CEO and president of Simon Property Group, ensuring that the family’s legacy continues. Industry peers have shared their condolences and reflections on Simon’s impact. William T. Dillard 2nd stated, “David took a company that his father and uncles started and built it into a dominant retail real estate company. He will be missed.”
As the retail landscape continues to evolve, David Simon’s influence will undoubtedly be felt for years to come. His extraordinary intellect and unmatched strategic vision have left an indelible mark on the industry, shaping the future of retail real estate.
