Sam Zell Cause of Death, Biography, Age, Family, Obituary, Net worth – Samuel Zell, originally known as Shmuel Zielonka, was a prominent American billionaire businessman.
He founded and served as president of Equity Group Investments, a private investment firm established in 1968. Throughout his career, Zell held interests in several public companies listed on the New York Stock Exchange, including Equity Residential (EQR ), Equity LifeStyle Properties (ELS), Equity Commonwealth (EQC), Covanta Holding Corp. (CVA) and Anixter.
Sam Zell Biography
Born September 28, 1941, in Gainesville, Florida, Samuel Zell was the son of David Miller, an accountant and real estate developer, and Kim Miller, a pediatric nurse. Growing up, Zell’s family had ties to the world of sports, as his uncle, Dan Miller, was a former NFL and USFL placekicker who had played college football at the University of Miami.
Sam Zell Cause of death
At the time of this report, there was no cause of death attributed to his death.
Sam Zell Age
At the time of his death, he was 81 years old.
Sam Zell Family
His wife is known as Helen Zell and their children are Matthew Zell, Kellie Zell, and JoAnn Zell.
Career
After completing his undergraduate degree at the University of Michigan in 1963, where he was a member of the Alpha Epsilon Pi fraternity, Zell ventured into the real estate business. He started out managing a 15-unit apartment building, which eventually led to managing other properties under the same owner.
By the time he graduated from the University of Michigan Law School in 1966, he and his frat brother, Robert H. Lurie, oversaw more than 4,000 apartments and owned a significant number of units.
Zell’s entrepreneurial spirit and success continued to flourish. In 1968, he founded the precursor to Equity Group Investments, which became a prominent company with Lurie until Lurie’s death in 1990.
Throughout his career, Zell was affiliated with various companies, including the Schwinn Bicycle Company, Revco Pharmacy, Broadway Stores, Santa Fe Energy Resources, and Sealy mattress company. Most notably, he acquired the Tribune Company in 2008, but faced significant challenges, leading the company to file for bankruptcy in 2008.
Aside from their business ventures, Zell and his wife, Helen, have been actively involved in philanthropy, with a particular focus on education and the arts.
Their generous contributions have supported institutions such as the Zell Lurie Institute for Business Studies at the University of Michigan, the Zell Center for Risk Research at the Kellogg School of Northwestern University, the Zell/Lurie Center for Real Estate at the Wharton School of the University of Pennsylvania and various cultural organizations such as the Museum of Contemporary Art and the Chicago Symphony Orchestra.
Zell has also been recognized for his charitable donations to causes in Israel and Jewish educational institutions.
Samuel Zell’s impact as a successful businessman, entrepreneur and philanthropist leaves a lasting legacy in the business world and beyond.
Sam Zell Net Worth
At the time of his death, Sam Zell had an estimated net worth of $5.3 billion.
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