In the 1970s, Melvin and Bren Simon bought the Asherwood estate in Carmel, Ind. Race car driver and automotive engineer Louis H. Schwitzer had developed the home that the Simons later expanded. In the years following their purchase, Mr. Simon, the co-founder of the Simon Property Group, became one of the world’s foremost shopping mall developers and the co-owner of the Indiana Pacers basketball team. When he died in 2009 at 82, Mr. Simon was worth $1.3 billion, according to Forbes.

Source: Wall Street Journal March 07, 2019 16:52 UTC