Herb Simon

$6.54 B

Ranked #588 in World

About Herb Simon

Herbert Simon, an influential American real estate mogul born on October 23, 1934, and based in Indianapolis, Indiana, commands a significant presence in both the business and sports worlds. Graduating with a B.B.A. from The City College of New York, Simon went on to establish a prolific career, marking his influence as the chairman emeritus of Simon Property Group and revered owner of the Indiana Pacers. His astute investment moves, including the acquisition of Kirkus Reviews in 2010, have propelled his net worth to an estimated US$4.7 billion by early 2024, as reported by Forbes. Born into a family with Central European roots, Simon's personal life is highlighted by his marriage to Porntip Bui Nakhirunkanok, Miss Universe 1988, and his kinship with the late Melvin Simon. His contributions to sports extend beyond basketball, evidenced by his former ownership of the now-defunct Reno 1868 FC in the USL.

Born

October 23, 1934 in New York City, U.S.

Age

91 years

Source Of Wealth

Real Estate

Industries

Real Estate

Citizenship

United States

Residence

Indianapolis, Indiana

Education

Bachelor of Arts/Science, City College of New York

Spouse

Sheila Simon (divorced), Diane Meyer (divorced), Porntip Bui Nakhirunkanok

Children

Herbert Simon, an American real estate developer, was born on October 23, 1934, in Williamsburg, Brooklyn. He was raised in the Bronx, New York City. His father, Max Simon, was a tailor who emigrated from Central Europe. Herbert Simon has two brothers, Melvin Simon and Fred Simon, with Melvin being the late.

Simon graduated from The City College of New York with a Bachelor of Business Administration (B.B.A.) in Business.

Herb Simon: Family

Herbert Simon has been married three times. His first wife was Sheila Simon, with whom he has two children. His second wife was Diane Meyer, a political staffer, with whom he has three children. His third wife is Porntip Bui Nakhirunkanok, Miss Universe 1988, with whom he has five children.

Herb Simon: Career Highlights

Herbert Simon is the owner of the Indiana Pacers, an NBA basketball team, and chairman emeritus of Simon Property Group, a global real estate company. He purchased Kirkus Reviews, a book review publication, in 2010.

Herb Simon: Companies

Herbert Simon is associated with the following companies:

Simon Property Group
Indiana Pacers
Indiana Fever (WNBA)
Kirkus Reviews

Herb Simon: Major Achievements

Herbert Simon has made significant contributions to the real estate industry and sports. Some of his major achievements include:

Building Simon Property Group into one of the largest real estate companies in the world.
Leading the revitalization of downtown Indianapolis through real estate development projects.
Bringing the NBA All-Star Game to Indianapolis in 1985.
Establishing the Indiana Pacers Foundation, which supports various charitable causes in Indiana.

Herb Simon: Awards & Achievements

Herbert Simon has received numerous awards and recognitions for his contributions to business and philanthropy. Some of his notable awards include:

The Horatio Alger Award (2006)
The Ellis Island Medal of Honor (2010)
The Indiana Basketball Hall of Fame (2013)
The Indianapolis Business Journal's Lifetime Achievement Award (2016)

Herb Simon: Personal Life & Legacy

Herbert Simon currently resides in Indianapolis, Indiana.

He is known for his philanthropic efforts and has made significant contributions to various charitable organizations. Simon is also an avid art collector and has donated several pieces of art to the Indianapolis Museum of Art.

Herb Simon: Trivia

Herbert Simon's estimated net worth was around US$4.7 billion in early 2024, according to Forbes.
He is a member of the Republican Party and has been involved in politics throughout his career.
Simon is a sports enthusiast and enjoys playing tennis and golf.
He is also a patron of the arts and supports various cultural institutions in Indianapolis.

Wealth History

Timeline

October 23, 1934

Herbert Simon is born in Williamsburg, Brooklyn, New York.

1983

Herbert Simon and his brother Mel purchase the NBA's Indiana Pacers.

2010

Herbert Simon purchases Kirkus Reviews.

Early 2024

Herbert Simon's net worth is estimated to be around US$4.7 billion (according to Forbes).

Herb Simon : FAQs

What is Herb Simon's current net worth?

Herb Simon's current net worth is $6.54 billion.

What is Herb Simon's current global rank among billionaires?

Herb Simon holds the 588th position globally among billionaires.

What is Herb Simon's current ranking within the United States?

Herb Simon holds the 230th position in United States.

What was the change in Herb Simon's net worth compared to the previous year?

Herb Simon's net worth increased by 27.39 million dollars compared to the previous year 2025, when his net worth was 6.52 billion dollars.

What are Herb Simon's main sources of wealth?

Herb Simon's main source of income comes from Real Estate.

In which industry does Herb Simon primarily operate?

Herb Simon is primarily involved in the Real Estate industry.

What is Herb Simon educational background?

Herb Simon holds a Bachelor of Arts/Science from City College of New York.

How old is Herb Simon?

Herb Simon is 91 years old.

How many children does Herb Simon have?

Herb Simon has 8 children.

Who is Herbert Simon and what is he known for?

Herbert Simon is an American real estate developer born on October 23, 1934, known for being the owner of the Indiana Pacers and the chairman emeritus of Simon Property Group. He also purchased Kirkus Reviews in 2010 and is recognized for his significant net worth, reported by Forbes in early 2024 to be around US$4.7 billion.

Can you detail Herbert Simon's personal life and marriages?

Herbert Simon has been married three times. His first wife was Sheila Simon, with whom he has two children. He then married Diane Meyer, a political staffer, with whom he has three children. His third wife is Porntip Bui Nakhirunkanok, Miss Universe 1988, with whom he shares five children.

How did Herbert Simon become involved with the Indiana Pacers?

In 1983, Herbert Simon, along with his brother Mel, purchased the NBA's Indiana Pacers. His involvement with the sports industry also includes ownership of the WNBA's Indiana Fever and the formerly owned USL's now-defunct Reno 1868 FC.

Where does Herbert Simon reside and where was he educated?

Herbert Simon resides in Indianapolis, Indiana, and he was educated at the City College of New York, where he graduated with a B.B.A. in Business.