Founder Profile
Herbert Simon
Last reviewed: October 2026 · By Swet Parvadiya
Who is Herbert Simon?
Herbert Simon is a founder of Simon Property Group, Inc., which was founded in 1960 with Melvin Simon.
- Company founded
- Simon Property Group, Inc.
- Founded
- 1960
- Co-founders
- Melvin Simon
Background
Herbert Simon joined his older brother Melvin in Indianapolis and focused on running and expanding the shopping-center business.
Founding Story
Herbert Simon co-founded the Simon business with Melvin Simon in 1960 and served as chief executive before David Simon took over in 1995, later becoming chairman emeritus. He is also the longtime owner of the Indiana Pacers, which he and Melvin bought in 1983.
Herbert Simon was born in 1934 in New York City. Education: City College of New York.