Aaron Nusbaum

Background

He was born on January 8, 1859.

Career

He invested part of that money in Bastedo Tube Company, a pneumatic tube manufacturer whose product is used to deliver messages and money in department stores between floors and departments. A sales call in 1895 led to his investment in Sears. In 1895 Aaron Nusbaum had a meeting with Richard Sears, the co-founder of Sears Roebuck and Company. Nusbaum thought the meeting would involve selling pneumatic tubes to Sears however Richard Sears had other plans.

The company was short of cash and Sears offered to sell Nusbaum half of the company for $75,000.00.

After Nusbaum left Sears, he took an extended trip to Europe. On returning, he changed his name to Aaron Norman and his investments added to his wealth.

He founded Abacus &amp. Associates, a wealth investment firm, which is still operated by his family.

Upon his death in 1936, Nusbaum willed a million dollars to the Assistance Fund, Incorporated, a New York charitable organization.

Achievements

• By 1893 he was a successful business man in Chicago and earned his first fortune when he obtained a concession to sell soda water soft drinks at the World’s Columbian Exposition. He received the contract by doing a favor for Marshall Field, a member of the Fair’s planning commission. His profit for the summer’s work was $150,000.00. ($3,750,00000 in 2010).

Membership

He received the contract by doing a favor for Marshall Field, a member of the Fair’s planning commission.