![]() ![]() 100% of your tip goes directly to the shopper who delivers your order. It's a great way to show your shopper appreciation and recognition for excellent service. Tipping is optional but encouraged for delivery orders. Orders containing alcohol have a separate service fee. Service fees vary and are subject to change based on factors like location and the number and types of items in your cart. Fees vary for one-hour deliveries, club store deliveries, and deliveries under $35. ![]() Delivery fees start at $3.99 for same-day orders over $35. Zell is survived by his wife, Helen his sister Julie Baskes and her husband, Roger Baskes his sister Leah Zell his three children, Kellie Zell and son-in-law Scott Peppet, Matthew Zell, and JoAnn Zell and his nine grandchildren.Here's a breakdown of Instacart delivery cost: Although his investments spanned industries across the globe, he was most widely recognized for his critical role in creating the modern real estate investment trust, which today is a more than $4 trillion industry,” Equity Group Investments said in a written statement on Thursday. He launched and grew hundreds of companies during his 60-plus-year career and created countless jobs. “Sam Zell was a self-made, visionary entrepreneur. He maintained homes in Chicago and Southern California. Reports said he was married at least three times and had three children. Zell was fiercely protective of his personal life. He was an avid skier, racquetball player, paintball enthusiast and sports fan over the years, with stakes in the Chicago Bulls and Chicago White Sox. His love of motorcycles caused him to form a group called Zell’s Angels, consisting mostly of business tycoon friends who would go on rides with him around the world. He once acknowledged riding his motorcycle as fast as 145 mph on a trip across the South American pampas. Zell loved risk, both in his business dealings and his personal life. He also encouraged institutional investors to pool their money for commercial real estate in the early ’90s when it was on the outs. Zell’s reputation grew, and in 1976 the contrarian investor talked about his penchant for spotting and pursuing opportunities in an article that he entitled “The Grave Dancer.” The nickname stuck.Īfter the savings and loan crisis of the 1980s, Zell went on a buying spree of real estate properties. Lurie Institute for Entrepreneurial Studies at the University of Michigan’s Ross School of Business in 1999 with Lurie’s widow, Ann. He later co-founded the Samuel Zell & Robert H. That practice continued through the recession of the mid-1970s, with great success. 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.Īfter working briefly at a Chicago law firm, he teamed with his Ann Arbor fraternity brother Robert Lurie and they began acquiring distressed properties from developers who were bogged down by high interest rates. His first successes in real estate came while he was a student at the University of Michigan. The young Zell took pictures at his 8th-grade prom and sold them, and later took to buying Playboy magazines in downtown Chicago and reselling them to his classmates in Hebrew school in the suburbs for a 200% markup. His father was a wholesale jeweler who dabbled successfully in real estate investment and the stock market. Real estate was his trademark, but as he noted in an interview shortly before making the ill-fated Tribune deal, it represented only about 25% of his holdings. The media giant filed for bankruptcy the following year. It was the largest private equity transaction in history, and Zell personally netted $1 billion.Ī month later, he made another deal that ultimately tarnished his image: the acquisition of the ailing Tribune Co. Zell sold Equity Office, the office-tower company he spent three decades building, to Blackstone Group for $39 billion in 2007. By the time he reached his 70s, he had amassed a fortune estimated at $3.8 billion. He had a golden touch with real estate, and got his start managing apartment buildings as a college student. Zell died at home due to complications from a recent illness, according to Equity Group Investments, a company he founded in 1968.īearded and blunt-spoken, Zell reveled in bucking traditional wisdom. Sam Zell, a Chicago real estate magnate who earned a multibillion-dollar fortune and a reputation as “the grave dancer” for his ability to revive moribund properties died on Thursday. ![]()
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