Made millions from buying and re-selling used airplanes and allotted some of that money to finance racehorse breeding.
He began his business by buying up surplus engines from B-29s and reselling their parts to airlines, eventually growing into one of the largest dealers of second-hand airliners.
He operated horse-breeding operations in Kentucky and Florida, raising champions like Cigar and Arazi.
He grew up in Clinton, Iowa, supporting himself beginning at age 13.
He won the Howard Hughes Memorial Award for his contributions to aviation in 1988.