Sherman Dreiseszun, 85, who built a shopping center and banking empire in Kansas City, once was named to Forbes list of America’s 400 richest, but who suffered through bank collapses and federal charges of bid-rigging, died Dec. 2, 2007, in his sleep.
Dreiseszun and nephew Frank Morgan started out making house dresses and built their major suburban shopping strip in the 1960s. They later developed Kansas City’s first shopping mall in 1967. They built malls in Kansas City, Denver, Toledo and Cincinnati and started developing and acquiring banks that had several billions of dollars in assets by the mid-1980s.
Dreiseszun was president for life at Kehilath Israel Synagogue in Overland Park, Kansas, and gave to donated to various philanthropic causes, especially Jewish ones. According to the family foundations 2006 report, it donated more than $490,000, including $100,000 to the Kansas City Jewish Federation and $25,000 to the Hyman Brand Hebrew Academy of Overland Park.