- Made his fortune developing high-end hotels and retirement communities. Clients included Howard Hughes and Bugsy Siegel, for whom he finished the Flamingo Hotel.
- Purchased the New York Yankees in 1945 with Daniel Topping and Larry MacPhail, father of Lee MacPhail and grandfather of Andy MacPhail. In 1964, he and Topping (they had bought out MacPhail years earlier) sold the team William Paley and his company, to CBS. Paley later sold the team in 1973 to a group of investors led by George M. Steinbrenner III.
- On the 3 August, 1962, cover of Time magazine.
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