outbrain
Close  

Sotheby’s, A&W restaurant chain owner dies at 91

/ 12:43 AM April 19, 2015
Real estate mogul and Michigan billionaire A. Alfred Taubman is shown in his office in Bloomfield Hills, Mich., in this April 4, 2007 file photo. AP

Real estate mogul and Michigan billionaire A. Alfred Taubman is shown in his office in Bloomfield Hills, Mich., in this April 4, 2007 file photo. AP

BLOOMFIELD HILLS, Michigan — Real estate mogul and Michigan billionaire A. Alfred Taubman, whose business success and philanthropy was clouded by a criminal conviction late in his career, has died. He was 91.

Son Robert S. Taubman, the president and CEO of Taubman Centers, Inc., says his father died Friday night of a heart attack.

ADVERTISEMENT

Taubman donated hundreds of millions of dollars to universities, hospitals and museums, and was a major backer of stem-cell research. His business success spanned real estate, art auction houses, and the A&W restaurant chain.

But it was his rearrangement of how people shop — parking lot in front, one-stop shopping — that left a mark on American culture.

FEATURED STORIES

He was convicted in 2001 in a price-fixing scandal involving his Sotheby’s auction house and served about a year in prison, but long denied involvement.

Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: A. Alfred Taubman, A&W restaurant chain, Philanthropist, philanthropy, Real Estate, Robert S. Taubman, Sotheby’s, Taubman Centers
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.