Norton Winfred Simon

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Norton Winfred Simon

Birthdate:
Birthplace: Portland, Multnomah County, Oregon, United States
Death: June 02, 1993 (86)
California, United States
Immediate Family:

Son of Myer Simon and Lillian Lucile Simon
Husband of Lucille Simon and Jennifer Jones
Father of Private and Robert Ellis Simon
Brother of Evelyn B Prell and Marcia Loe Weisman

Occupation: Billionaire Industrialist
Managed by: Dr. Sam Shatkin
Last Updated:
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Immediate Family

About Norton Winfred Simon

http://en.wikipedia.org/wiki/Norton_Simon

Norton Winfred Simon (February 5, 1907-June 2, 1993), in the United States was a millionaire industrialist and philanthropist based in California. A significant art collector, he is the namesake of the Norton Simon Museum in Pasadena, California.


Early life


Born into a successful Jewish family in Portland, Oregon, he attended high school in San Francisco, graduating in 1924. At his father's insistence, in 1925 he enrolled in the University of California, Berkeley, but left his pre-law studies within the first six weeks to found a sheet metal distribution company. He enjoyed early success and invested $7000 in 1927 in an orange juice bottling plant in Fullerton, California which was insolvent and renamed it Val Vita Food Products Company. He soon added other fruit and vegetables to the product lines and purchased canning equipment.


Business career


As one of the first of his significant corporate moves, Simon sold Val Vita to Hunt's Foods in return for a controlling interest in the combined business. By 1943 he changed the company's name to Hunt's Foods and ran it with strict cost-controls and an unorthodox approach to marketing. During and after World War II, Simon focused on product visibility. Uncharacteristically for a food company at the time, he acquired full page advertisements in Vogue and Life magazines with full-color photos of Hunt's ketchup bottles and tomato sauce cans. His aggressive advertising ensured the company's slogan "Hunt for the best" was prominent. His marketing strategy worked, and by 1945 Hunt Foods became a household name and one of the largest food processing businesses on the West Coast. Hunt's is now part of ConAgra Foods, Inc..


With the growing profits from Hunt Foods, he began buying stock in other undervalued companies with growth potential, many of which were still undervalued following the loss of confidence in equities after the Great Depression. He diversified through acquisition into well known businesses such as McCall's Publishing, the Saturday Review of Literature, Canada Dry Corporation, Max Factor cosmetics, the television production company Talent Associates, and Avis Car Rental, through his holding company Norton Simon Inc. Many of these businesses had extensive interests outside the United States. Norton Simon Inc. was later acquired by Esmark in 1983, which merged with Beatrice Foods the next year. Beatrice was sold to ConAgra in 1990.


Art collection


Simon also accumulated one of the world's most significant private art collections which included works of the Impressionists, Old Masters and modern and native art. He served as a trustee of the Los Angeles County Museum of History, Science and Art and supported the development of the LA County Museum of Art. Simon initially lent most of his art collection to that Museum although as it expanded he pioneered the "museum without walls" concept by actively lending his collection to different museums around the world.


Simon's collection holds three autograph Rembrandt paintings, considered highly important works of Rembrandt in Southern California.


In 1972 Norton Simon bought a tenth-century South Indian bronze Nataraja, or dancing Shiva, from New York dealer Ben Heller for $900,000. The Indian government declared that the statue had been stolen from a temple in Tamil Nadu and smuggled abroad. Although Simon was quoted (New York Times, 12 May 1973) as saying that he had knowingly bought smuggled art (“Hell yes, it was smuggled. I spent between $15 and $16 million in the last two years on Asian art, and most of it was smuggled”) he vehemently denied the quote (Los Angeles Times, 13 May 1973), declaring that the work had been legally imported into the United States. In the same Los Angeles Times article, he stated, “As a collector deeply and emotionally involved in art, I deplore the rape of art treasures of any country.” In 1976 Simon reached an amicable agreement with the Union of India whereby he agreed to return the Nataraja to India. In exchange, the Indian government agreed that Simon could keep and display the bronze in his museum for nine years before its return.


Seeking a permanent home for his collection of over 4,000 objects, in 1972 he welcomed an overture from the financially troubled Pasadena Museum of Modern Art. He ultimately assumed control and naming rights, and in 1974 it was renamed the Norton Simon Museum.


Later life


In 1969, his son Robert Simon committed suicide. The following year, he and his wife Lucille Ellis were divorced. He married actress Jennifer Jones in 1971. He also retired from active involvement in his business in 1969. He accepted appointments to the University of California Board of Regents, the Carnegie Commission on the Future of Higher Education, the boards of Reed College, the Los Angeles Music Center, the California School of Professional Psychology at Alliant International University, and the Institute for Advanced Study.


In 1970, Simon opposed U.S. Senator George Murphy's bid for a second term in the Republican primary. Murphy won renomination rather handily but then lost the seat in the general election to the Democrat John V. Tunney, even as Ronald W. Reagan was winning a second term as governor.


He was diagnosed in 1984 with the neurological disorder Guillain-Barré syndrome, although he remained active in the Norton Simon Museum until his death in Beverly Hills.

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Norton Winfred Simon's Timeline

1907
February 5, 1907
Portland, Multnomah County, Oregon, United States
1993
June 2, 1993
Age 86
California, United States
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