Alfred Taubman Net Worth is$2.5 Billion
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Profession: Entrepreneur, Businessperson
Date of Birth: Jan 31, 1924
Nicknames: Adolph Alfred Taubman
Ethnicity: Jewish people
Country: United States of America
Alfred Taubman net worth: Alfred Taubmans net worth is $2.5 billion dollars which makes him one of the richest people in Michigan. Born in Pontiac, Michigan, Alfred Taubman attended the University of Michigan, where he majored in architecture, but did not complete his course of study. He is credited with creating what has become the modern shopping mall concept. He began developing upscale shopping centers in the early 50s, and became widely sought after for his attention to detail and his ability to understand how to make the shopping experience as stress-free as possible. His real estate development firm, Taubman Centers, has become one of the most successful mall developers ever. He also purchased Sotheby's Auction House when it was failing in 1983. He redesigned the interior, and the company quickly rose to prominence again. He stepped down as Chairmen and sold his portion of the company in 2005. He is very involved in philanthropic work with regards to educational initiatives, and has also pledged money to stem cell research.
Adolph Alfred Taubman (born January 31, 1924) is an American real estate developer and philanthropist from Michigan. He pioneered the modern shopping mall concept and was described by CBS News as a "legend in retailing" who became wealthy developing upscale shopping malls. He built shopping mall developer Taubman Centers into a retailing powerhouse. He wrote Threshold Resistance: The Extraordinary Career of a Luxury Retailing Pioneer in 2007.
Taubman was born in Pontiac, Michigan, to Jewish immigrants Philip and Fannie Taubman, who came to the United States from Bialystok, in northeastern Poland. His mother was his father's second cousin. Philip took a job with the Wilson Foundry Company in Iowa, transferred to Pontiac in 1920, became a fruit farmer, then began developing commercial real estate and custom homes.
Taubman's parents lost everything in the Depression of the 1930s, and Taubman at age 9 had to find work to help support the family. He has said of that time in his life: "I really wanted to make some money."
Taubman studied architecture at the University of Michigan where he was a member of Zeta Beta Tau Fraternity and Lawrence Technological University, but graduated from neither. He wondered where middle-class families moving to the suburbs would shop. "Demographically, I looked at the numbers, and as far as I was concerned we couldn't miss. And we didn't," he said. Taubman chose upscale areas for lavish shopping centers, offering fountains and prestigious anchor stores like Neiman Marcus. Taubman is famous for his attention to detail such as choosing terrazzo tiles at Short Hills. He said: "|The only point that the customer actually touches the shopping center is the floor. They've got traction as they're walking. Very important. Some of our competitors put in carpet. Carpet's the worst thing you can have because it creates friction." Real estate developer and partner Louis Dubin spoke glowingly about Taubman: "He is the most knowledgeable person

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Alfred Taubman Latest News

Alfred Taubman, pioneer of indoor malls, dies at 91

(CNN)American suburbanites who can do all their shopping without getting wet, driving from point-to-point or looking for a new place to park, can give much of the credit to Alfred Taubman. Taubman, a real estate developer who helped change the face of ...
Posted: April 18, 2015, 5:47 am

A. Alfred Taubman, mall magnate jailed in auction scandal, dies at 91

Shopping mall magnate A. Alfred Taubman, who developed the Beverly Center and was a past owner of the Irvine Co. — and who went to prison late in his career for his role in a scandal that rocked the art auction world — died Friday at his home in ...
Posted: April 18, 2015, 8:10 pm

Mall Developer Alfred Taubman Dies

A. Alfred Taubman, the visionary developer and founder of Taubman Centers, died Friday night after suffering a heart attack at his home in Bloomfield Hills, Mich. Taubman was 91. “Just last month he was in Puerto Rico to celebrate with us the grand ...
Posted: April 18, 2015, 5:05 am
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