Do not be fooled into believing that because a man is rich he is necessarily smart. There is ample proof to the contrary.

S. In August 1895 Sears sold Roebuck's half of the company to Nusbaum and Rosenwald for $75000. After Sears resigned the presidency in 1908 due to declining health Rosenwald was named president.

He is best known as a part-owner and leader of Sears Roebuck and Company and for establishing the Rosenwald Fund which donated millions in matching funds to support the education of African American children in the rural South as well as other philanthropic causes in the first half of the 20th century. He was the principal founder and backer for the Museum of Science and Industry in Chicago to which he gave more than $5 million and served as President from 1927 to 1932.