Maurice Gusman

Maurice Gusman (born 1889 - died April 4, 1980)[2] was a Russian Empire-born American millionaire investor and philanthropist. Gusman emigrated to the United States at the age of 14 and became a millionaire by the age of 32 as a real estate developer.

Maurice Gusman
Born1889
Russian Empire
DiedApril 4, 1980(1980-04-04) (aged 90–91)
Miami, Florida, U.S.
Occupation(s)Investor, banker, real estate developer, philanthropist
SpouseHannah Gusman [1]

History

Born in the Russian Empire into a Jewish family,[3] Gusman immigrated to the United States at the age of 14 alone.[4] Gusman began working at the age of 13 to save money for his ticket to the United States and never had a formal education.[5] Gusman arrived in New York through Ellis Island and spent several years in the Lower East Side of Manhattan, working at a drugstore. Within three years of arrival to the United States, he opened his own store but lost it in the financial crisis of 1907. He moved to Akron, Ohio to open another store and made millions in the rubber industry [2]

Gusman became a millionaire by the age of 32. In 1947, he moved to Miami with his family and began his real estate investment and development.[6]

In 1948, Gusman purchased the Olympia Theater, renovated it and gave it to the City of Miami in 1975.[7] He donated $2.5 mln to the University of Miami for the building of the concert hall that opened on January 31, 1975 at the Frost School of Music.

References
  1. Voboryl, Mary (April 26, 1980). "Ex-Convict Son to Inherit Gusman's Property". The Miami Herald. p. 145.
  2. Voboryl, Mary (April 26, 1980). "Ex-Convict Son to Inherit Gusman's Property". The Miami Herald. p. 145.
  3. "Maurice Gusman, 91, of Miami; Ukraine Emigre Built a Fortune; First Job at $3 a Week". The New York Times. April 4, 1980. p. Section A, Page 23.
  4. Ralbowski, Martin (April 4, 1980). "Maurice Gusman: A Long and Happy Life". The Miami News. p. 1A, 4A.
  5. Fish, Lia (July 9, 1989). "History Around Us". The Miami Herald. p. 30.
  6. "Maurice Gusman Left True Treasure". The Miami Herald. April 5, 1980. p. 6A.
  7. "Philanthropist's Heirs Sue To Get Olympia Theater Back". 2019-12-29. Retrieved 2021-12-11.
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