Foresaw and predicted the Great Depression and as a result became one of the wealthiest men of his time.
He made a small fortune by investing in utilities, then sold off much of the company in belief that a drop in the market was imminent.
He used the proceeds from his early fortune to buy up companies struggling through the Depression.
He was married to the aviatrix
He and his wife were both big supporters of Amelia Earhart and underwrote many of her famous flights.