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A. Alfred Taubman
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A. Alfred Taubman
Adolph Alfred "Al" Taubman (January 31, 1924 – April 17, 2015) was an American businessman, investor, and philanthropist.
In 2002, he was convicted for a price-fixing scheme involving the top two auction houses in the United States.
Taubman was born in Pontiac, Michigan, on January 31, 1924, to Jewish immigrants Fannie Ester Blustin and Philip Taubman. His parents emigrated to the United States from Białystok, in northeastern Poland. His mother was his father's second cousin. Arriving up the Mississippi River by boat, Philip took a job with the Wilson Foundry Company in Davenport, Iowa, and his sister Goldye (born 1913) and older brothers Sam (born 1915) and Lester (born 1920) were born in Davenport. His father transferred to Pontiac in 1920, became a fruit farmer, then began developing commercial real estate and custom homes and built the first synagogue in Pontiac.
Taubman's parents lost everything in the Depression of the 1930s, and Taubman had to find work to help support the family at age nine. He is a graduate of Pontiac Central High School, and enrolled at the University of Michigan just prior to the United States' entry into World War II. He enlisted in the U.S. Air Force during his freshman year, served with the Thirteenth Expeditionary Air Force as a mapmaker in the Pacific Theater during the war, and returned under the G.I. Bill to the University of Michigan to continue his studies after the end of World War II.
Taubman studied architecture at the University of Michigan's College of Architecture and Design, where he was a member of Zeta Beta Tau fraternity and Lawrence Technological University, but graduated from neither.
Taubman incorporated Taubman Centers, Inc. in 1973. Thirteen years later, in 1986, the company relocated its headquarters to Bloomfield Hills, Michigan.
He was a designer and is credited with popularizing the modern indoor shopping mall. His developments such as the Mall at Short Hills in New Jersey continue to be ranked among the most profitable shopping centers in the country as of 2007. He made a fortune which Forbes magazine estimated at $3.1 billion and was on the list of Forbes 400 Richest Americans for two decades.
In October 2003, his real estate firm Taubman Centers survived a hostile takeover bid by the Simon Property Group and Westfield America. On February 10, 2020, it was announced that Simon Property Group had entered into a deal to acquire Taubman Centers for $52.50 a share, in a deal valued at $3.6 billion.
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A. Alfred Taubman
Adolph Alfred "Al" Taubman (January 31, 1924 – April 17, 2015) was an American businessman, investor, and philanthropist.
In 2002, he was convicted for a price-fixing scheme involving the top two auction houses in the United States.
Taubman was born in Pontiac, Michigan, on January 31, 1924, to Jewish immigrants Fannie Ester Blustin and Philip Taubman. His parents emigrated to the United States from Białystok, in northeastern Poland. His mother was his father's second cousin. Arriving up the Mississippi River by boat, Philip took a job with the Wilson Foundry Company in Davenport, Iowa, and his sister Goldye (born 1913) and older brothers Sam (born 1915) and Lester (born 1920) were born in Davenport. His father transferred to Pontiac in 1920, became a fruit farmer, then began developing commercial real estate and custom homes and built the first synagogue in Pontiac.
Taubman's parents lost everything in the Depression of the 1930s, and Taubman had to find work to help support the family at age nine. He is a graduate of Pontiac Central High School, and enrolled at the University of Michigan just prior to the United States' entry into World War II. He enlisted in the U.S. Air Force during his freshman year, served with the Thirteenth Expeditionary Air Force as a mapmaker in the Pacific Theater during the war, and returned under the G.I. Bill to the University of Michigan to continue his studies after the end of World War II.
Taubman studied architecture at the University of Michigan's College of Architecture and Design, where he was a member of Zeta Beta Tau fraternity and Lawrence Technological University, but graduated from neither.
Taubman incorporated Taubman Centers, Inc. in 1973. Thirteen years later, in 1986, the company relocated its headquarters to Bloomfield Hills, Michigan.
He was a designer and is credited with popularizing the modern indoor shopping mall. His developments such as the Mall at Short Hills in New Jersey continue to be ranked among the most profitable shopping centers in the country as of 2007. He made a fortune which Forbes magazine estimated at $3.1 billion and was on the list of Forbes 400 Richest Americans for two decades.
In October 2003, his real estate firm Taubman Centers survived a hostile takeover bid by the Simon Property Group and Westfield America. On February 10, 2020, it was announced that Simon Property Group had entered into a deal to acquire Taubman Centers for $52.50 a share, in a deal valued at $3.6 billion.
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