Billionaire investor Sam Zell, nicknamed ‘grave dancer,’ dies at 81

The media giant filed for bankruptcy the following year.

Zell was born in Highland Park, Ill., on Sept. 28, 1941, four months after his immigrant parents arrived in the United States. His first successes in real estate came while he was a student at the University of Michigan. After managing the building where he lived in exchange for free rent, he moved on to managing other properties, ultimately incorporating an apartment-management business and then selling it.

He also encouraged institutional investors to pool their money for commercial real estate in the early ’90s when it was on the outs.He once acknowledged riding his motorcycle as fast as 145 mph on a trip across the South American pampas.

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Sam Zell, billionaire real estate investor, dies at 81Bearded and blunt-spoken, Zell reveled in bucking traditional wisdom. He had a golden touch with real estate, and got his start managing apartment buildings as a college student.
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