Billionaire was known for reviving moribund companies but seemed to lose magic touch after tumultuous 2007 purchase of Tribune media company, which ended in bankruptcy
Sam Zell was a billionaire investor dubbed "the grave dancer" for his bets on distressed assets, including a losing wager that drove the Tribune into bankruptcy.
Billionaire Sam Zell, who built a real estate empire and was known for his bets on distressed assets, died at the age of 81 due to complications from a recent illness, a statement from his private investment firm said on Thursday.