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Real Estate mogul Steven Good found dead in apparent suicide

6 January 2009 Comments

Posted by Sherwin

mogul steven good found dead

An executive of a large US real estate company was found dead of an apparently self-inflicted gunshot wound Tuesday in his Jaguar in a forest preserve outside Chicago.

A maintenance worker discovered the body of Steven L. Good, 52, behind the wheel of his Jaguar parked in a lot at the McGraw Wildlife Refuge near East Dundee, authorities said.

Good, chairman and CEO of Sheldon Good & Co. Auctions International LLC was a major figure in Chicago real estate. There was no letter found in his car indicating a motive and it was uncertain whether his death was connected to his job.

His death came hours before that of German billionaire Adolf Merckle, who threw himself under a train after he was brought to the verge of ruin by the financial crisis.

Merckle was the 94th richest person in the world with a net worth of about $9.2 billion. But his poor investment decisions in Volkswagen shares pushed his business empire to the brink of disaster.

Paul Rogers, senior vice president and managing broker of Inland Real Estate Auctions Inc., worked with Good for 10 years at the downtown Chicago auction firm. He told The Wall Street Journal:

“I am shocked to learn of this obvious tragedy,” he said in reaction to the news. “I worked with Steve for 10 years when I was with Sheldon Good & Co. Our thoughts are with this family at this sad time.”

According to the company’s Web site, Sheldon Good “has sold more than 45,000 U.S. and international properties in more than 100 different classes and produced more than $10 billion in sales.”

Image: Chicago Sun Times

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  • Now that's a bad news. That was happens when you're involved with large amount of money.
  • I don't think it has anything to do with being rich. It's really unfortunate.
  • This is really unfortunate, I am sorry to hear it. The economy plays a tough hand sometimes and unfortunately it can bring people to this point in their lives where they feel like they can't go on. If anything good was to come of this it would be that others would learn from his tragedy.
  • well , nothing is more important then life. This is really sad.
  • I believe it is only the beginning of the suicidal wave which was experienced during the great depression in the past century. It is sad that money has become the most important factor in our life.
  • I must say e s really one of the best real estate broker as what I had read to some articles about him, well this is how life goes on as we all know life is full of surprises.
  • Suicide is such a horrific thing. Makes you almost feel badly for the guy... Why didn't he just take a trip to Madrid or somewhere tropical?
  • it is really unfortunate..There is nothing more important than the life..
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