Yet another rags-to-riches story that’ll either give you hope or make you feel terrible about your own life. Sidney James Weinberg was nicknamed “Mr.Wall Street” by the The New York Times and the “director of directors” by Fortune Magazine. He started out as an assistant janitor making $3/week.
Weinberg came from a poor family, and when he started working at Goldman Sachs, his responsibilities included brushing the firm partner’s hats and wiping mud from their overshoes. The grandson of the firm’s founder, Paul Sachs, promoted Weinberg to the mail room, which he completely reorganized. Paul Sachs saw his potential and sent him to Brooklyn’s Bowe’s Business College.
From there on in, he continued to climb the corporate ladder; becoming a securities trader, a partner, and then a senior partner. The company’s value was dangerously low when he finally became head of the firm in 1930. However, he saved it from bankruptcy and held the position until his death in 1969. This is a man who truly lived the American Dream.