Billionaire Sam Zell passes away at 81.
TL;DR Summary
Sam Zell, a prominent US property investor known for his contrarian bets and his role in the creation of the modern real estate investment trust, has died at the age of 81. Zell was a billionaire who made his fortune through savvy investments in distressed real estate assets. He was also a philanthropist and a major donor to the University of Michigan, his alma mater.
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