Harry Weinberg (1908–1990) was an American billionaire businessman who founded The Harry and Jeanette Weinberg Foundation, Inc., a private charitable foundation, with over $2 billion in assets in 2018 and headquartered in Owings Mills, Maryland and Honolulu, Hawaii. The foundation is named for Weinberg and his wife of 58 years, Jeanette Gutman Weinberg (1909–1989). Biography Weinberg was born in 1908 in Galicia, then part of the Austro-Hungarian Empire. His father Joseph Weinberg came to Baltimore, Maryland in the US, and sent for his family in 1912. One of his earliest ventures was selling souvenirs for celebrations at the end of World War I. He dropped out of school at age 12 and worked in his father's car repair shop. During the Great Depression of the 1930s, he and his brother William would buy properties at depressed prices, fix them up, and resell them for a profit. Throughout his career he was known for being a keen judge of undervalued assets, and having the patience to wait for their values to increase. In Honolulu, Hawaii, he repeated this with the Fifth Avenue Coach Company, in Scranton, Pennsylvania and Dallas, Texas. He started buying stock in the Honolulu Rapid Transit Company in 1955, eventually gained control, slashed costs, and then sold it at a profit to the City & County of Honolulu (it is now known as TheBus) in 1971. In 1968 he moved to Hawaii where he died November 4, 1990. His investments included Amfac, Inc., Maui Land & Pineapple Company, Alexander & Baldwin, and other real estate ventures. In 1932 he married Jeanette Gutman (1910–1989). In 1984, he had donated funds to air condition all of Israel's nursing homes. His wife having predeceased him, on his death in 1990, he was survived by son Morton Weinberg, and left $3 million to his grandchildren. His will left the remainder, almost US$1 billion of property, to the Harry and Jeanette Weinberg Foundation they had founded in 1959. Foundation The Harry and Jeanette Weinberg Foundation was originally established in 1959. Upon his death in 1990 he left $3 million to his grandchildren. His will left almost US$1 billion of property to the foundation. Weinberg's will specified that 25 percent of annual distributions will go to Jewish charities and further specifies that the proceeds shall be used for the benefit of the poor, and bans gifts to music or arts institutions. The assets continued