Sam Zell Biography
Sam Zell, originally known as Shmuel Zielonka, was a prominent American billionaire businessman.
He founded and served as the chairman of Equity Group Investments, a private investment firm established in 1968.
Throughout his career, Zell held interests in various 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.
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Born on 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 practitioner.
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.
After completing his bachelor’s 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 by managing a 15-unit apartment building, which eventually led to managing other properties owned by the same landlord.
By the time he graduated from the University of Michigan Law School in 1966, he and his fraternity brother, Robert H. Lurie, were overseeing over 4,000 apartments and owning 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 grew into a prominent enterprise alongside Lurie until Lurie’s passing in 1990.
Throughout his career, Zell had affiliations with various companies, including Schwinn Bicycle Company, Revco drugstore, Broadway Stores department store chain, Santa Fe Energy Resources energy company, and Sealy mattress company. Notably, he acquired the Tribune Company in 2008 but faced significant challenges, leading to the company filing for bankruptcy in 2008.
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Aside from his 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 Entrepreneurial Studies at the University of Michigan, Northwestern University’s Kellogg School Zell Center for Risk Research, the University of Pennsylvania Wharton School’s Zell/Lurie Real Estate Center, and various cultural organizations like 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 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 his children are Matthew Zell, Kellie Zell, and JoAnn Zell.
Sam Zell Net Worth
At the time of his death, his estimated net worth was $5.3 billion.
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