In a profound loss for the retail real estate community, David Simon, the esteemed CEO of Simon Property Group, passed away at the age of 64 on March 22, 2026, in Indianapolis after a courageous battle with cancer. His passing marks the end of an era for one of the largest retail real estate companies in the world, which he transformed into a powerhouse during his tenure.
David Simon was appointed CEO at the young age of 33, quickly establishing himself as a formidable leader in the industry. Under his guidance, Simon Property Group grew to own or hold interests in over 250 properties, encompassing more than 200 million square feet across North America, Europe, and Asia. His visionary leadership was instrumental in orchestrating the company’s initial public offering on the New York Stock Exchange in 1993, which raised nearly $1 billion and set the stage for the company’s future successes.
Born into a family with a rich business background, David Simon joined Melvin Simon and Associates as chief financial officer in 1990. His strategic acumen and dedication propelled the company from a regional player to the largest mall ownership group globally. His legacy is not solely defined by financial metrics; he was deeply committed to fostering a sense of community within the retail spaces he developed.
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Throughout his career, David Simon was known for his unwavering commitment to his family, friends, and colleagues. He was married to his beloved wife Jackie for over 40 years and was a proud father to five children: Eli, Rebecca, Hannah, Sam, and Noah. He also cherished his role as a grandfather to seven grandchildren, often stating that his family was his greatest achievement.
Following David’s passing, Eli Simon was appointed as the new CEO and president of Simon Property Group, ensuring the continuation of his father’s vision. Larry Glasscock, the newly appointed non-executive chairman of the board, praised David’s leadership, stating, “David Simon was, quite simply, the finest leader in the history of the retail real estate industry.” He further emphasized, “David’s legacy transcends financial performance,” highlighting the profound impact Simon had on the lives of those around him.
The Simon family expressed their gratitude for the overwhelming support they have received during this difficult time, stating, “Our family is deeply grateful for the tremendous outpouring of love and support we have received from across the globe.” They have requested privacy as they navigate their grief, a testament to the close-knit family values that David instilled in his loved ones.
As the community mourns the loss of David Simon, it reflects on the indelible mark he left on the retail real estate industry and the lives he touched. His contributions will be remembered not only for their economic impact but also for the sense of community and connection he fostered through his work. David Simon’s legacy will undoubtedly continue to inspire future generations of leaders in the industry.
