University of Michigan dropout amassed a fortune in shopping malls. Founded Taubman Centers 1950; today owns 23 malls in 10 states. Stock flat amid real estate crash. Son Robert joined in 1976, chief... more »
University of Michigan dropout amassed a fortune in shopping malls. Founded Taubman Centers 1950; today owns 23 malls in 10 states. Stock flat amid real estate crash. Son Robert joined in 1976, chief executive since 1990. Purchased venerable auction house Sotheby's 1983; took private. Public again 1988. Spent 9 months in jail on price-fixing charges 2004; wrote memoir Threshold Resistance about experience. Owns 4% stake in company; stock down 36% in past 12 months. Value of large contemporary art collection soaring in art market rally. « less
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