Age, Biography and Wiki
Matthew Bucksbaum was born on 20 February, 1926 in Marshalltown, Iowa, U.S., is an American businessman and philanthropist. Discover Matthew Bucksbaum's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 87 years old?
| Popular As |
N/A |
| Occupation |
Real estate developer |
| Age |
87 years old |
| Zodiac Sign |
Pisces |
| Born |
20 February 1926 |
| Birthday |
20 February |
| Birthplace |
Marshalltown, Iowa, U.S. |
| Date of death |
24 November, 2013 |
| Died Place |
Chicago |
| Nationality |
United States
|
We recommend you to check the complete list of Famous People born on 20 February.
He is a member of famous businessman with the age 87 years old group.
Matthew Bucksbaum Height, Weight & Measurements
At 87 years old, Matthew Bucksbaum height not available right now. We will update Matthew Bucksbaum's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Who Is Matthew Bucksbaum's Wife?
His wife is Carolyn "Kay" Swartz
| Family |
| Parents |
Not Available |
| Wife |
Carolyn "Kay" Swartz |
| Sibling |
Not Available |
| Children |
2 |
Matthew Bucksbaum Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Matthew Bucksbaum worth at the age of 87 years old? Matthew Bucksbaum’s income source is mostly from being a successful businessman. He is from United States. We have estimated Matthew Bucksbaum's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
businessman |
Matthew Bucksbaum Social Network
| Instagram |
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| Linkedin |
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| Twitter |
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| Facebook |
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| Wikipedia |
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| Imdb |
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Timeline
Matthew Bucksbaum (February 20, 1926 – November 24, 2013) was an American businessman and philanthropist.
Matthew and his brothers Martin and Maurice co-founded General Growth Properties (nyse: GGP).
Bucksbaum was born to a Jewish family in Marshalltown, Iowa, to Ida (Gervich) and Louis Bucksbaum.
During World War II, he served in the Army Air Forces in the Southwest Pacific Theatre as a cryptographer based in New Guinea.
He graduated from the University of Iowa cum laude with a Bachelor of Arts in Economics in 1949, where he was a member of the Phi Beta Kappa Society and the Order of Artus.
His family owned a chain of three grocery stores.
In 1954, Bucksbaum and his brother Martin borrowed $1.2 million and built the first shopping center in Cedar Rapids, Iowa, anchored by a fourth family grocery store.
They expanded into enclosed malls which mirrored the continued movement to the suburbs seen in the 1960s.
By 1964, their company - then named General Management - owned five malls anchored by the Younkers department store.
In 1972, the company became publicly traded on the New York Stock Exchange under the name General Growth Properties (nyse: GGP) and became the second-largest owner, developer, and manager of regional shopping malls in the country.
Bucksbaum served as its chairman and chief executive officer, and under his tenure he formed two real estate investment trusts and expanded the company's portfolio of malls and shopping centers via more than $36 billion in acquisitions.
In 1984, General Growth sold 19 malls for $800 million to Equitable Real Estate, which was deemed the "nation's largest single asset real estate transaction" to date.
In 1995, his brother Martin died and he re-located the company to Chicago.
Their son, John Bucksbaum, served as CEO of General Growth Properties from 1999 to 2008, and as its chairman from 2007 to 2010.
Their daughter Ann Louise Bucksbaum is married to journalist Thomas Friedman.
In 2004, General Growth purchased The Rouse Company for $14.2 billion.
By 2007, General Growth was the second-largest REIT owning 194 malls with over 200 million square feet in 44 states.
In 2008, General Growth filed for Chapter 11 bankruptcy protection after the collapse of the stock market.
Bucksbaum sat on the board of trustees of the Aspen Music Festival and School, the Chicago Symphony Orchestra and the Lyric Opera of Chicago.
He was a president of the Temple B'nai Jeshurun and the Polk County Mental Health Association, and a director of the Iowa Natural Heritage Foundation, all in Des Moines, Iowa.
He donated $42 million to the University of Chicago for the creation of the Bucksbaum Institute for Clinical Excellence.
Bucksbaum was married to Carolyn "Kay" (Swartz) Bucksbaum, who was also Jewish.
They resided in Chicago, and had two children.
As of March 2011, he was worth an estimated US$1.2 billion.
Bucksbaum died in Chicago of complications from Alzheimer's disease on November 24, 2013.
