Herbert Simon net worth: Herbert Simon's net worth is $1.8 billion dollars which makes him one of the richest people in Indiana. Herbert Simon graduated from the City College of New York and currently lives in Indianapolis, Indiana. He co-founded Melvin Simon and Associates, with his brother, Melvin in 1960. Melvin passed away in 2009. The company, now known as the Simon Property Group, has grown to become the largest, publicly traded, real estate investment company in the United States. The majority of their holdings are in shopping malls. The Simon Group owns, or partially owns, property all over the United States, and abroad, including 392 properties in the US, Canada, Asia, and Europe, as well as over 260 million square feet of lease-able space. In addition to the Simon Property Group, Mr. Simon owns the Indiana Pacers and the Indiana Fever, and purchased Kirkus Reviews in 2010. He has been married three times, and is the father of seven children.