A. Alfred Taubman’s profile picture

A. Alfred Taubman

Entrepreneur, Philanthropist
A. Alfred Taubman’s profile picture
Net worth 2018: $3.1 Billion
Residence: Pontiac
Country: United States
BirthDay: 31 January 1924
Sigh: Aquarius
Died On: April 17, 2015
Education: University of Michigan

A. Alfred Taubman was bornon 31 January 1924 in Pontiac, American, is Entrepreneur, Philanthropist. Adolf Alfred Taubman was an American entrepreneur and philanthropist, known for conceptualizing the modern shopping malls. He pioneered the concept of shopping mall, an emerging trend in the global arena. The combination of his brilliance and sincerity shaped the emergence of shopping centers around the world. His imaginative vision transformed many lives along with his own; his is the story of a man who rose from rags to riches. Born to a low class immigrant family, he started working at a young age alongside receiving his education. He developed his sophisticated sense of design and space during his architectural studies. He started from a small real estate development firm and through his insight in merchandising and retailing, he became a shopping mall magnate, with an enormous enterprise under his name which is worth billions of dollar. He incorporated his ideas to build incredible retail stores, hotels, enclosed malls and shopping centers all around the world. Apart from being a successful businessman, he was also a leading philanthropist who donated large sums of money for various health, education and art causes. His generous contributions supported various medical researches and helped in imparting education to several underprivileged sections of the society. He was a man of immense dedication towards his work and his life journey is an inspiration for everyone.


$3.1 Billion


He died of a heart attack on April 17, 2015, at the age of 91, in Bloomfield Hills, MichiganHe was a leading philanthropist and was active in civic and cultural affairs, and contributed towards arts, education, health care, and Jewish causes regularly


In 2007, he published his autobiography, ‘Threshold Resistance: The Extraordinary Career of a Luxury Retailing Pioneer’, which debuted on the New York Times Best Seller List


In early 2000s, his company Sotheby’s was accused of price fixing with rival auction house, Christie’s, and he was imprisoned for 10 months for anti-trust violations


In 1999, he provided major funding to the College of Architecture and Urban Planning at the University of Michigan, which enabled the college to offer new scholarships and develop new initiatives in urban planning


In 1983, he took over the international auction house, Sotheby's, to revive it from the shackles of losses


In 1982, he bought the A&W Restaurants franchise from United Brands


But the couple got divorced in 1977, after 29 years of their marriage


It opened in 1961 and the company has continued to develop high-end shopping centers ever since


In 1959, the company began the development of Arborland Center in Michigan, its first large shopping center project


In mid-1950s, the company developed two strip shopping centers in Michigan


In 1948, he married his college lover, Reva Kolodney

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