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OT: Sam Zell billionaire real estate investor dies 81

R

RUschool

Heisman
Jan 23, 2004
49,910
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Sam Zell, a Chicago real estate magnate who earned a multibillion-dollar fortune and a reputation as "the grave dancer" for his ability to revive moribund properties died on Thursday. He was 81.

Zell died at home due to complications from a recent illness, according to Equity Group Investments, a company he founded in 1968.

Bearded and blunt-spoken, Zell reveled in bucking traditional wisdom. He had a golden touch with real estate, and got his start managing apartment buildings as a college student. By the time he reached his 70s, he had amassed a fortune estimated at $3.8 billion.


81, way too young with too much money.
 
J

Jtung230

Heisman
Jun 30, 2005
18,846
12,072
82
rutgersdave said:

Sam Zell, a Chicago real estate magnate who earned a multibillion-dollar fortune and a reputation as "the grave dancer" for his ability to revive moribund properties died on Thursday. He was 81.

Zell died at home due to complications from a recent illness, according to Equity Group Investments, a company he founded in 1968.

Bearded and blunt-spoken, Zell reveled in bucking traditional wisdom. He had a golden touch with real estate, and got his start managing apartment buildings as a college student. By the time he reached his 70s, he had amassed a fortune estimated at $3.8 billion.


81, way too young with too much money.
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Was he an alumnus or a big dinner to RU?
 
T2Kplus20

T2Kplus20

Heisman
May 1, 2007
30,447
18,436
113
rutgersdave said:

Sam Zell, a Chicago real estate magnate who earned a multibillion-dollar fortune and a reputation as "the grave dancer" for his ability to revive moribund properties died on Thursday. He was 81.

Zell died at home due to complications from a recent illness, according to Equity Group Investments, a company he founded in 1968.

Bearded and blunt-spoken, Zell reveled in bucking traditional wisdom. He had a golden touch with real estate, and got his start managing apartment buildings as a college student. By the time he reached his 70s, he had amassed a fortune estimated at $3.8 billion.


81, way too young with too much money.
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Last words....."Fed raised rates too much".
 
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RUnTeX

RUnTeX

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Dec 21, 2001
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RUKen said:
Went to Michigan
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There's a Zell Lurie Institute for Entrepreneurship at UM's Ross School of Business

He is credited as a father of the modern era REIT

Son of Polish immigrants (anglicized their name from Zielonka to Zell)
 
R

RUKen

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Sep 3, 2003
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RUnTeX said:
There's a Zell Lurie Institute for Entrepreneurship at UM's Ross School of Business

He is credited as a father of the modern era REIT

Son of Polish immigrants (anglicized their name from Zielonka to Zell)
Click to expand...
I went to business school there before it was called Ross. Zell was a philanthropist across the board. Michigan, city of Chicago, etc.
 
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