A. Alfred Taubman

About A. Alfred Taubman

Who is it?: Entrepreneur, Philanthropist
Birth Day: January 31, 1924
Birth Place: Pontiac, United States
Died On: April 17, 2015(2015-04-17) (aged 91)\nBloomfield Hills, Michigan, US
Birth Sign: Aquarius
Education: The University of Michigan, Lawrence Technological University
Known for: Designing the modern indoor shopping mall
Spouse(s): Reva Kolodney (1948–1977; divorced) Judith (Mazor) Rounick (1982–2015; his death)
Children: 3 with Kolodney: --Gayle Taubman Kalisman --Robert S. Taubman --William S. Taubman 2 stepchildren: --Christopher Rounick --Tiffany Rounick Dubin
Parent(s): Philip Taubman Fannie Ester Blustin

A. Alfred Taubman Net Worth

A. Alfred Taubman was bornon January 31, 1924 in Pontiac, United States, 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.
A. Alfred Taubman is a member of Real Estate Entrepreneurs

💰 Net worth: $3.1 Billion

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Biography/Timeline

1924

Taubman was born in Pontiac, Michigan, on January 31, 1924, to Jewish immigrants Fannie Ester Blustin and Philip Taubman. His parents came to the United States from Białystok, in northeastern Poland. His mother was his father's second cousin. 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.

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. He is a graduate of Pontiac Central High School.

1982

In 1982, he married Judith Mazor Rounick (b. 1943 as Jehudit Mazor), the daughter of a paste jewelry importer-exporter and a former Miss Israel in 1962. Judy grew up in Israel and had two children from a previous marriage to clothing manufacturer Herbert Rounick: Christopher Rounick and Tiffany Rounick Dubin (formerly married to real estate developer Louis Dubin). Judith's brother is Boaz Mazor who is the sales Director for Oscar de la Renta.

1983

From 1983 to 1984, Taubman was the majority owner of the Michigan Panthers of the United States Football League. 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. That team folded along with the rest of the USFL after the 1985 season.

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. In a plea bargain arrangement, prosecutors offered to keep her out of prison if she agreed to implicate Taubman. She did, and thereafter Taubman was convicted in a jury trial of price fixing. He was fined $7.5 million (USD) and imprisoned for ten months in 2002 for antitrust violations. Taubman was released in 2003, and continued to insist on his innocence.

2003

In October 2003, his real estate firm Taubman Centers survived a hostile takeover bid by the Simon Property Group and Westfield America.

2006

The A. Alfred Taubman Student Services Center at Lawrence Technological University was completed in 2006, and ground was broken in September, 2015 for the A. Alfred Taubman Engineering, Architecture, and Life Sciences Complex at Lawrence Tech. Taubman had also taught a class at LTU focusing on his Retail real estate development experience.

2009

The A. 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.

2011

Taubman has donated large sums to the University of Michigan, and many buildings there are named after him, including the A. Alfred Taubman Biomedical Science Research Building, the Taubman Health Sciences Library and Taubman Health Care Center. A school within the university is also named for him: the Taubman College of Architecture and Urban Planning. Taubman is also a major sponsor of disease research: his latest donation, a gift of $5 million to support the University of Michigan's Dr. Eva Feldman's and Dr. Yehoash Raphael's research, was aimed at the development of new treatments for Lou Gehrig's Disease and deafness, respectively. In 2011, Taubman donated $56 million to medical research. These donations brought his lifetime giving to Michigan to $141 million.

2015

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