Xerxes Posted May 18, 2023 Share Posted May 18, 2023 Sam Zell, billionaire real estate investor, dies PUBLISHED THU, MAY 18 202311:21 AM EDTUPDATED AN HOUR AGO Sam Zell, chairman of Equity Group Investments. Adam Jeffery | CNBC 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 has died due to complications from a recent illness. He was 81. 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. Link to comment Share on other sites More sharing options...
Xerxes Posted May 18, 2023 Author Share Posted May 18, 2023 “Sam Zell was a self-made, visionary entrepreneur. He launched and grew hundreds of companies during his 60-plus-year career and created countless jobs. Although his investments spanned industries across the globe, he was most widely recognized for his critical role in creating the modern real estate investment trust, which today is a more than $4 trillion industry,” Equity Group Investments said in a written statement on Thursday. Zell died at home, the company said. Zell is survived by his wife, Helen; his sister Julie Baskes and her husband, Roger Baskes; his sister Leah Zell; his three children, Kellie Zell and son-in-law Scott Peppet, Matthew Zell, and JoAnn Zell; and his nine grandchildren. Link to comment Share on other sites More sharing options...
Spekulatius Posted May 18, 2023 Share Posted May 18, 2023 Zell sounded like he would just going to get started in the last podcasts. I do wonder if he is dancing in his grave now. Link to comment Share on other sites More sharing options...
CorpRaider Posted May 18, 2023 Share Posted May 18, 2023 RIP Sam Link to comment Share on other sites More sharing options...
changegonnacome Posted May 18, 2023 Share Posted May 18, 2023 Always enjoyed Sam's take.......there was clarity to his thinking that marked him out.......and like @Spekulatius said i listened to a couple of recent interviews and if it wasn't for the wrinkled face and gravelled voice.....he sounded like a guy with a 40yr plan. I'll miss getting his comtempuournous take on things. Link to comment Share on other sites More sharing options...
Ulti Posted May 18, 2023 Share Posted May 18, 2023 posted under "death" thread .... actually a very good interview Link to comment Share on other sites More sharing options...
Saluki Posted May 18, 2023 Share Posted May 18, 2023 I saw him a podcast a few days ago. Sad to hear he passed. I really enjoyed his book and I always appreciate seeing a lawyer who did something besides work at a law firm and made it big. Norm Brodsky is another person who graduated law school and instantly realized that this law thing is for the birds, and looked at the clients with the nice suits and big houses and said "hey! how do I do what you guys are doing?" He was involved in some other things besides real estate, like manufacturing, and did well in pretty much everything he got involved with except when he bought a newspaper. It reminds me of that Buffett quote about when a great manager gets involved with a terrible business, it's usually the reputation of the business that remains intact. There's a YouTube video out there of him responding to a rude Tribune employee at an all hands meeting with the F bomb. He was everyone's wise grumpy uncle. RIP Sam Link to comment Share on other sites More sharing options...
LC Posted May 18, 2023 Share Posted May 18, 2023 Wow- a true legend passed. RIP Link to comment Share on other sites More sharing options...
Parsad Posted May 18, 2023 Share Posted May 18, 2023 Brilliant guy! Great real estate investor. Cheers! Link to comment Share on other sites More sharing options...
dcollon Posted May 18, 2023 Share Posted May 18, 2023 He will be missed for sure. I would highly recommend his book. Link to comment Share on other sites More sharing options...
cubsfan Posted May 18, 2023 Share Posted May 18, 2023 Sam was quite the guy here in Chicago. Told it like it is...never knew he was a lawyer. He was a real down to earth guy. Link to comment Share on other sites More sharing options...
Saluki Posted May 18, 2023 Share Posted May 18, 2023 (edited) Sam giving his opinion on a Congressman: Sam telling off a journalist who talked down to him: Sam giving his opinion on an empty suit executive: Edited May 18, 2023 by Saluki Link to comment Share on other sites More sharing options...
Spooky Posted May 18, 2023 Share Posted May 18, 2023 Rest in peace Sam. Always enjoyed listening to him. The Capital Allocators podcast with him was great: http://sites.libsyn.com/94820/sam-zell-common-sense-and-uncommon-profits-capital-allocators-ep253 Link to comment Share on other sites More sharing options...
fareastwarriors Posted May 19, 2023 Share Posted May 19, 2023 (edited) Felt like he was always a straight shooter, no bs kinda guy. We need more of his type in the world. RIP Edited May 19, 2023 by fareastwarriors Link to comment Share on other sites More sharing options...
Morgan Posted May 19, 2023 Share Posted May 19, 2023 Rest In Peace. What a legend. Link to comment Share on other sites More sharing options...
crs223 Posted May 19, 2023 Share Posted May 19, 2023 What a shame that all that knowledge just disappears. Same with people retiring… brains just fill up with so much experience and then poof they are gone. Thank you for being a great teacher Sam! Link to comment Share on other sites More sharing options...
Ulti Posted May 19, 2023 Share Posted May 19, 2023 https://25iq.com/2015/08/09/a-dozen-things-ive-learned-from-sam-zell-about-investing-and-business-3/ Link to comment Share on other sites More sharing options...
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