Alfred Taubman’s profile picture

Alfred Taubman

Alfred Taubman’s profile picture
Net worth 2018: $3.1 Billion
Industry: Real Estate
Country: United States
BirthDay: 31 January 1924
Sigh: Aquarius
Died On: 17/04/2015
Children: 3
Education: Drop Out, University of Michigan
BIOGRAPHY

Alfred Taubman was bornon 31 January 1924 in United States. Alfred Taubman (d. 2015) helped make the mall into America's modern town square. Taubman, who grew up in Detroit during the Depression and started working at age 9, began building shopping complexes in the 1950s, when Americans were moving to the suburbs and falling in love with the idea of megashops. His fortune largely remained in Taubman Centers, a REIT of upscale shopping malls. A University of Michigan dropout, he was the largest donor in the school's history. The school's college of Architecture and Urban Planning bears his name, as does the research institute at the medical school. In all, Taubman had given away more than $250 million to charity, including millions to Detroit-area schools. He was also a strong supporter of stem cell research. While he built many well known malls, he was known to many as the man who rescued British auction house Sotheby's but later was implicated in a price-fixing scandal that shook the art world and landed him in jail for 9 months in 2002. He vigorously denied the charges.

NET WORTH STATISTIC
2010

$2 Billion

2011

$2.5 Billion

2012

$2.9 Billion

2013

$2.7 Billion

2014

$2.9 Billion

2015

$3.1 Billion

2018

$3.1 Billion

TIMELINE
2015

Taubman died on April 17, 2015, of a heart attack at the age of 91 in Bloomfield Hills, Michigan

2011

In 2011, Taubman donated $56 million to medical research

2009

Alfred Taubman Center for Design Education at the College for Creative Studies was completed in 2009, in which Taubman contributed $15 million to the $145 million restoration and remodeling of what once was the General Motors Argonaut Building

2006

Alfred Taubman Student Services Center at Lawrence Technological University was completed in 2006, and ground was broken in September, 2015 for the A

2005

His family divested controlling interest in Sotheby's by September 2005

2003

Taubman was released in 2003, and continued to insist on his innocence

2002

5 million (USD) and imprisoned for ten months in 2002 for antitrust violations

2000

In the early 2000s, an investigation into alleged price-fixing between Sotheby's and rival auction house Christie's led to a confession by Sotheby's CEO Diana Brooks of an elaborate price fixing scheme with her counterpart at Christie's, Christopher Davidge

1988

He revived the fortunes of Sotheby's, which had been slumping in the eighties; he took the company public in 1988

1985

That team folded along with the rest of the USFL after the 1985 season

1983

Although the Panthers acquired a fairly loyal following and won the first USFL title in 1983, the USFL's decision to move from the spring to the fall led Taubman to merge his team with the Oakland Invaders for the 1985 season, with himself as majority owner of the Invaders

1982

Taubman was married twice:In 1982, he married Judith Mazor Rounick (b

1943

1943 as Jehudit Mazor), the daughter of a paste jewelry importer-exporter and a former Miss Israel in 1962

1930

Taubman's parents lost everything in the Depression of the 1930s, and Taubman at age 9 had to find work to help support the family

1924

Taubman was born in Pontiac, Michigan, on January 31, 1924, to Jewish immigrants Fannie Ester Blustin and Philip Taubman

1920

Philip took a job with the Wilson Foundry Company in Iowa, transferred to Pontiac in 1920, became a fruit farmer, then began developing commercial real estate and custom homes

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