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April 20, 2015

Mich. Philanthropist and Developer Alfred Taubman Dies

Alfred Taubman, a Michigan billionaire businessman who donated hundreds of millions of dollars to universities, hospitals and museums, died Friday of a heart attack at age 91, the Associated Press reports.

Mr. Taubamn, known for developing indoor shopping malls, became a major backer of stem-cell research. In 2012 he ranked 19th on The Chronicle's list of the most generous Americans. That year he gave $67-million with the majority going to the University of Michigan.

In 2001, Mr. Taubman was convicted of conspiring with a former Christie's International executive to fix commissions for auctioneers.