Alfred Taubman, a billionaire who made indoor malls popular, has died at the age of 91.
According to CNN, his son, Robert Taubman, announced his father’s death, which happened Friday after he suffered a heart attack. Taubman is the CEO and president of his father’s company, Taubman Centers, which was founded 65 years ago.
Born in 1924, Taubman began working at a young age in order to make money and he was also a veteran of the Army Air Force during World War II. He studied architecture in college and had a desire “to build.”
His autobiography, Threshold Resistance: The Extraordinary Career of a Luxury Retailing Pioneer, spoke of his outlook on how money could be made in building and owning “group of stores.”
Taubman’s company was founded in 1950 as a way to help remove the barriers shoppers had in being able to go to stores that were outdoors.
Forbes reported that the late pioneer’s net worth is $3.1 billion and his son said that his father had been in Puerto Rico last month to celebrate the opening of The Mall of San Juan.
Two sons, Robert and William, and a daughter, Gayle Taubman Kalisman, survive him. In addition to two stepchildren, he also was married to his second wife, Judith Mazor Rounick, at the time of his death.
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