Alfred Taubman Net Worth

Alfred Taubman (1924-2015) was a pioneering American real estate developer who helped shape the modern shopping mall. Growing up in Detroit during the Depression, he began building shopping complexes in the 1950s and eventually founded Taubman Centers, a REIT of upscale shopping malls. He was a major donor to the University of Michigan, and his philanthropy extended to many Detroit-area schools and stem cell research. He was also known for rescuing Sotheby's auction house, though he was later implicated in a price-fixing scandal that landed him in jail for 9 months in 2002.
Alfred Taubman is a member of Real Estate

Age, Biography and Wiki

Birth Day January 31, 1924
Birth Place United States
Alfred Taubman age 96 YEARS OLD
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

💰 Net worth: $3.1 Billion (2024)

Alfred Taubman, renowned in the United States as a prominent figure in the real estate industry, is estimated to have a net worth of $3.1 billion by 2024. Taubman's expertise and contributions to the real estate sector have played a significant role in shaping his immense wealth. Throughout his career, he has made strategic investments and successfully developed numerous commercial properties, establishing a reputation for his astute business acumen. Taubman's net worth reflects his longstanding success and enduring impact on the American real estate landscape.

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

Some Alfred Taubman images



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.


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.


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.


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.


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.


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


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.


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.


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.


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