Real Estate Mogul Sam Zell Passes Away at 81.
Sam Zell, a legendary real estate investor and founder of Equity Residential, has died at 81. Zell was known for his appetite for buying distressed real estate for a profit and is credited with popularizing the real estate investment trust. He founded the predecessor company to Equity Residential while a student at the University of Michigan and built a net worth of $5.2 billion, according to Forbes.
