Sam Zell illness has become a popular topic online, with many people wanting to know more about it. This article will also provide information about his family and net worth.
Samuel Zell was a very wealthy businessman from the United States. He started a private investment company called Equity Group Investments in 1968 and served as its chairman.
Even when he was still in school, Sam Zell began working in real estate. He was given a place to live and meals in exchange for managing a small apartment complex with 15 units.
Besides real estate, Sam Zell also had control over companies like Schwinn Bicycle, Revco, Broadway Stores (a group of department stores), Santa Fe Energy Resources, and Sealy Mattress.
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Sam Zell Illness & Health Before Death
Many people online have been curious about the health and illness of the well-known public figure before his death.
According to sources, the extremely wealthy individual passed away on Thursday, May 18, 2023, due to complications related to their recent illness.
However, the specific details of the illness that caused the businessman’s death remain unclear, and the authorities have not provided much information to the media yet.
The public figure was a self-made person and a respected figure in the business world, inspiring many individuals across different generations.
Throughout a career spanning over 60 years, he established and expanded numerous businesses, leading to the creation of countless job opportunities.
Sam Zell Family
The late businessman was a married man. He was married to Helen Zell, the executive director of the Zell Family Foundation.
The couple had been together until the multibillionaire’s death. However, they did not mention their marriage date or how long they have been together.
Before being with Helen, the business icon had two broken marriages, and from his first marriage, he had two children: a son, Matthew, and a daughter, JoAnn.
In addition, during his second marriage, the public personality adopted a daughter named Kellie.
Moreover, it is unclear if the late real estate investor had any children with his third wife or not, as he did not reveal much about their personal lives online.
Sam Zell Net Worth
According to Celebrity Net Worth, Sam Zell, the late business icon had a net worth of $6 billion at the time of his death.
The late entrepreneur held stakes in and served as chairman of a number of publicly traded firms that are listed on the New York Stock Exchange, including Equity Residential, Equity LifeStyle Properties, Equity Commonwealth, Covanta Holding Corp., and Anixter.
The late investor was into the real estate business while he was just a student. By the time he graduated, that business was generating $150,000.
Zell worked as a lawyer for one week after graduating before determining that he was not cut out for the legal field.
Sam launched the company that would become Equity Group Investments in 1968, and Robert H. Lurie, his previous business partner, joined him there a year later.
In addition, the late business icon purchased a majority stake in the Tribune Company, which owns the Chicago Tribune, among other publications, in January 2008.
Moreover, the late investor had great knowledge of the investment market and was able to make a profit on it.
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FAQs
Is Sam Zell a billionaire?
Yes. According to Celebrity Net Worth, Sam Zell, the late business icon had a net worth of $6 billion at the time of his death.
How did Sam Zell pass away?
According to sources, he passed away on Thursday, May 18, 2023, due to complications related to their recent illness.
