Simon Family Net Worth (Updated 2026).

The Simon family, hailing from the bustling city of New York, began their entrepreneurial journey in the late 1940s. The patriarch, Herbert Simon, a visionary with a knack for innovation, laid the foundation for the family’s success. He started his career as an electrical engineer, but his true passion lied in business. In 1950, he founded the company that would eventually become Simon Property Group, initially focusing on developing and managing shopping centers.

The family’s fame began to grow in the 1980s and 1990s, as the company expanded rapidly under the leadership of Herbert’s sons, Melvin and Peter. They pioneered the concept of “power centers,” large shopping complexes that combined retail, dining, and entertainment options, drawing in millions of visitors each year. This innovative approach to retail development catapulted the Simon family into the public eye, making them synonymous with the American shopping experience.

Simon Family’s Current Net Worth (2025)

The Simon family, led by co-founders Herb and Marla Simon, has an estimated net worth of $15 billion as of 2025. This figure reflects the family’s significant stake in Simon Property Group, the global leader in retail real estate, and other strategic investments.

Career

Herb Simon, a computer scientist and entrepreneur, co-founded the iconic software company, Simon & Schuster, in 1984. Marla Simon, a former attorney, played a crucial role in the company’s growth and success. Their children, David and Elizabeth, have since taken over the business, expanding its reach into digital platforms and educational technology.

Other Ventures

Beyond Simon & Schuster, the family has diversified its portfolio. Herb and Marla Simon are founding investors in several tech startups, focusing on artificial intelligence and machine learning. David Simon serves on the board of various companies, while Elizabeth is involved in philanthropic initiatives, including the Simon Family Foundation.

Assets

The Simon family’s assets include a substantial real estate portfolio, primarily commercial properties, and a significant stake in Simon Property Group. They also own a collection of contemporary art, a vineyard in California, and various other investments in tech, healthcare, and renewable energy.

Annual Income

As of 2025, the Simon family’s annual income is estimated to be around $500 million. This is primarily derived from dividends from Simon Property Group, profits from Simon & Schuster, and returns on other investments. Their income also includes salaries and bonuses from their respective roles in the family’s businesses.

Frequently Asked Questions about  Simon Family

Frequently Asked Questions: Simon Family Net Worth

1. What is the Simon Family’s net worth?

The Simon Family’s net worth is estimated to be around $30 billion.

2. Who are the members of the Simon Family?

The Simon Family is primarily composed of Melvin and Helen Simon, their children, and their grandchildren. The most well-known members are Melvin’s children, Richard, Herbert, and Peter.

3. How did the Simon Family make their fortune?

The Simon Family’s fortune was primarily built through the real estate business. Melvin Simon, the patriarch, founded Simon Property Group, one of the largest real estate investment trusts (REITs) in the United States.

4. What is Simon Property Group?

Simon Property Group is a real estate investment trust that specializes in the ownership of shopping malls and premium outlets. It is one of the largest companies of its kind in the world.

5. How many shopping malls does Simon Property Group own?

As of 2021, Simon Property Group owns or has an interest in approximately 230 properties across North America, Europe, and Asia.

6. What is the Simon Family’s involvement in politics?

Several members of the Simon Family have been involved in politics. Melvin Simon was a major donor to Democratic candidates, while his son, Richard, has been involved in Republican politics and has donated to Republican candidates.

7. What philanthropic work does the Simon Family do?

The Simon Family is known for its philanthropic work. The Simon Family Foundation, established by Melvin and Helen Simon, has donated to various causes, including healthcare, education, and Jewish causes.

8. What is the Simon Family’s involvement in sports?

The Simon Family has been involved in sports, particularly basketball. Melvin Simon was a minority owner of the Indiana Pacers, and his son, Herbert, was the team’s former governor.

9. Where do the Simon Family members live?

Many Simon Family members live in Indiana, particularly in the Indianapolis area. However, they also have homes in other parts of the United States and abroad.

10. What is the Simon Family’s stance on the LGBTQ+ community?

The Simon Family, through Simon Property Group, has been a supporter of the LGBTQ+ community. The company has been a corporate sponsor of the Human Rights Campaign, a prominent LGBTQ+ rights organization, and has implemented policies that protect LGBTQ+ employees.