Matthew Bucksbaum

Matthew Bucksbaum Biography

Matthew Bucksbaum is an American businessman and philanthropist. He co-founded General Growth Properties ().

Biography

Early life

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.

Career

Together with his brother Martin, he co-founded General Growth Properties (), a real estate development company, and opened his first shopping center in Cedar Rapids, Iowa in 1954. By 1972, the company became publicly traded on the New York Stock Exchange, and it became the second largest owner, developer, and manager of regional shopping malls. He served as its Chairman and Chief Executive Officer. He formed two Real estate investment trusts and was responsible for the purchase of shopping centers for more than $36 billion.

Philanthropy

He sits on the Board of Trustees of the Aspen Music Festival and School, the Chicago Symphony Orchestra and the Lyric Opera of Chicago. He is Past President of the Temple B'nai Jeshurun and the Polk County Mental Health Association, and past Director of the Iowa Natural Heritage Foundation, all in Des Moines, Iowa.

He donated US$42 million to the University of Chicago for the creation of the Bucksbaum Institute.

Personal life

He is married to Carolyn Bucksbaum, a philanthropist. They have two children. 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 is married to journalist Thomas Friedman. They reside in Chicago. As of March 2011, he is worth an estimated US$1.2 billion.

This webpage uses material from the Wikipedia article "Matthew_Bucksbaum" and is licensed under the GNU Free Documentation License. Reality TV World is not responsible for any errors or omissions the Wikipedia article may contain.

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