(Associated Press)Sam Zell, who made his billions resurrecting troubled businesses that ran the gamut from bicycles to real estate, has died at 81. His death was announced by Chicago-based Equity Residential, the real estate company he founded. Zell told an auditorium full of Times employees shortly after gaining control. “I recognized a need common in all 13-year-old boys, saw a restriction on supply and I took advantage of it,” Zell told Forbes in 2013. “I’m sick and tired of listening to everyone talk about and commiserate over the end of newspapers,” Zell told the Wall Street Journal in 2007.

Source: Los Angeles Times May 18, 2023 16:13 UTC