Age, Biography and Wiki

Louis Wolfson was born on 28 January, 1912 in St. Louis, Missouri, U.S., is an American financier (1912–2007). Discover Louis Wolfson's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 95 years old?

Popular As N/A
Occupation N/A
Age 95 years old
Zodiac Sign Aquarius
Born 28 January 1912
Birthday 28 January
Birthplace St. Louis, Missouri, U.S.
Date of death 30 December, 2007
Died Place Bal Harbour, Florida, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 28 January. He is a member of famous Businessman with the age 95 years old group.

Louis Wolfson Height, Weight & Measurements

At 95 years old, Louis Wolfson height not available right now. We will update Louis Wolfson's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Louis Wolfson's Wife?

His wife is Florence Monsky (until her death) Patrice Jacobs (until his death)

Family
Parents Not Available
Wife Florence Monsky (until her death) Patrice Jacobs (until his death)
Sibling Not Available
Children 4, including Martin

Louis Wolfson Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Louis Wolfson worth at the age of 95 years old? Louis Wolfson’s income source is mostly from being a successful Businessman. He is from United States. We have estimated Louis Wolfson's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Businessman

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Timeline

1912

Louis Elwood Wolfson (January 28, 1912 – December 30, 2007) was an American financier, a convicted felon, and one of the first modern corporate raiders, labeled by Time as such in a 1956 article.

A self-made millionaire by 28, Wolfson is credited with creating the modern hostile tender offer, which laid the technical framework to the leveraged buyout.

1946

Louis's father, Morris David Wolfson, began the philanthropy with a gift of $500,000 in 1946 to create Wolfson Children's Hospital.

Other gifts included the Wolfson Student Center at Jacksonville University, the River Garden/Wolfson Health and Aging Center and the Louis E. Wolfson Wellness Center at Baptist Medical Center Downtown.

Louis Wolfson worked to honor the memory of his older brother, Sam.

1949

In 1949, Wolfson purchased the Capital Transit Company from the North American Company for $2 million.

Capital Transit held the streetcar and bus service franchise for Washington, D.C.; it had been managed conservatively and beyond its physical assets had a $7 million cash reserve.

When the company disbursed $3 million in dividends to shareholders, the government revoked Capital Transit's right to operate, and Wolfson sold his shares for $13.5 million.

1951

A 1951 takeover of Merritt-Chapman & Scott made Wolfson Chairman and CEO of the marine construction and salvage firm, but Wolfson expanded the company into shipbuilding, chemicals, and money lending, becoming one of the first conglomerates.

The corporation won numerous multimillion-dollar contracts for high-profile projects, including the Glen Canyon Dam in Arizona, the United States Navy supercarrier Kitty Hawk and the Mackinac Bridge that linked Michigan's lower and upper peninsulas.

1955

Wolfson became nationally known in 1955, when he unsuccessfully attempted a hostile takeover of Montgomery Ward and Co.

His Universal Marion Co. owned the Miami Beach Sun and the Jacksonville Chronicle newspapers and made movies through a subsidiary.

The firm co-financed the production of Mel Brooks' first movie, The Producers, which won an Oscar and later became a major Broadway play.

The building now known as the JEA Tower in Jacksonville was called the Universal-Marion Building when the firm was the largest tenant.

At its peak, his industrial and commercial empire had total assets estimated at a quarter of a billion dollars.

1957

In 1957, the United States Securities and Exchange Commission ordered a ten-day suspension of trading in stock in a company Wolfson held "To prevent fraudulent and manipulative practices".

In November 1957, Louis Wolfson sold a trailer company controlled by one of his interests to Detroit's Trans Continental Industries.

His longtime friend, David Charnay, was chairman prior to Charnay's purchase and global modernization of Four Star International.

The trailer company became Trans Continental's chief asset.

Upon reviewing the sale from Louis Wolfson to David Charnay, the Securities and Exchange Commission ordered a ten-day suspension of trading in Trans Continental stock on the American and Detroit stock exchanges, based upon a conjectured and speculative reason: "To prevent fraudulent and manipulative practices".

1966

Wolfson started a charitable foundation, which in 1966 paid Supreme Court Justice and Wolfson friend Abe Fortas a $20,000 lifetime annual retainer for unspecified consultation.

Researchers suspect this sum may have represented an attempted bribery to secure Fortas's assistance with the Securities and Exchange Commission.

Wolfson had appealed his conviction all the way to the Supreme Court.

Although the Supreme Court had refused to review his conviction and Fortas did not participate in that decision, it was viewed as an attempt to buy his way out of a conviction.

1967

In 1967, he was convicted of selling unregistered shares and obstruction of justice, for which he served nine months in a federal prison.

1969

The conviction eventually led to a scandal involving Supreme Court Justice Abe Fortas, who resigned in 1969 after returning a $20,000 retainer to a Wolfson foundation.

1971

In 1971, Wolfson was involved in a contentious legal battle with radio host Larry King over monies Wolfson supplied and King allegedly pocketed.

Later King claimed Wolfson paid him $48,500 to influence President Richard Nixon's incoming U.S. Attorney General, John N. Mitchell, into reviewing Wolfson's past conviction.

Wolfson was born in St. Louis, Missouri, but his family moved to Jacksonville, Florida, when he was one year old.

The child of Jewish immigrants from Lithuania, Wolfson and his seven siblings grew up in Jacksonville, where his father was a junk man/scrap metal dealer.

In his teens, he boxed professionally under the name "Kid Wolf", earning from $25 to $100 per fight.

Wolfson was an outstanding athlete and an All-Southern end for Jacksonville's Andrew Jackson High School, who went to the University of Georgia to play football.

He left the university after two years, never graduating.

After dropping out of college, he raised $10,000 to start in business: half from a wealthy Georgia football fan, Harold Hirsch, and half from his family.

He started the Florida Pipe and Supply Company to trade in building materials.

Within a few years, he built this into a successful large business and was a millionaire at age 28.

1978

In later years, he was a major thoroughbred horse racing participant best known as the owner and breeder of 1978 American Triple Crown winner, Affirmed.

Wolfson was frequently in trouble with the law.

1980

As chairman of the Wolfson Family Foundation for 35 years until the late 1980s, Wolfson directed much of the foundation's gifts to Jacksonville, Florida's medical, educational, research and religious charitable entities.

2002

The Duval County School Board named Samuel W. Wolfson High School after his brother and the Wolfson family funded construction of Sam W. Wolfson Baseball Park, the minor-league baseball facility in Jacksonville for decades until the Baseball Grounds of Jacksonville was built in 2002-3.