Arnold Rothstein was a successful businessman and the head of the Jewish underworld in New York. He was born in New York City in 1882. He is also infamous for his involvement in the Chicago Black Sox Scandal, which occurred during the 1919 World Series and included an attempt to manipulate the game.
Rothstein, also known as Big Al, was not just a harsh mob leader; rather, he was someone who understood the complexities of business and handled the mafia like it was a company. This is one of the things that makes him stand out from other mob bosses.
“[He] had a mind that was really amazing. He had an innate understanding of business, and I have no doubt that if he had been a real banker, he would have been just as pushy as he was with his gambling and other rackets that he conducted.
Meyer Lansky, also known as the Mob’s Accountant, made this statement.
Rothstein amassed a wealth that is believed to be about $10 million, which would be equivalent to nearly $140 million when adjusted for inflation. His economic savvy and mathematical mind were the primary contributors to this fortune.
But long before he became the wealthiest and most powerful player in New York’s criminal underworld, Rothstein was a high school dropout who was attempting to make his way in the gambling world.
Having said that, let’s talk about Rothstein’s past, including his prowess as a gambler, his rise to prominence in the criminal underworld, his involvement with underground casinos, and his ultimate end, including how he was killed during a high-stakes poker game.
After dropping out of high school, he became a millionaire via gambling.
Early on, Rothstein Showed a Talent for Gambling
Arnold Rothstein was brought up in an upper middle class household in Manhattan, in contrast to the majority of other mafia kingpins who came up via the lower classes. Abraham, the man who would become his son’s father, was a prosperous businessman whose honorable character won him the nick moniker “Abe the Just.”
Arnold swerved away from this course of action early on as a result of the fact that, as a youngster, he had bad grades and was more interested in gambling. Rothstein’s sole area of academic strength was in mathematics, and this strength suited him well in his betting endeavors.
When he was questioned by Victoria Vanderveer for her article titled “Arnold Rothstein and the 1919 World Series Fix,” he was asked when he first started gambling.
Arnold opposed his father’s control and despised the attention that his parents provided to his elder brother, Harry, who was training to become a rabbi. Arnold also resented the fact that his parents devoted more attention to Harry than they did to him. Arnold did not give up rolling dice after his father saw him doing it and reprimanded him for it for a number of reasons, including this one.
a job as a tobacco product salesman
Rothstein was unable to follow his actual interest of gambling since he had dropped out of high school and did not have enough money saved up.
Because of this, he was compelled to pursue a job as a cigar salesman. However, as Leo Katcher explains in his book on Arnold Rothstein entitled “The Big Bank Roll,” Arnold never lost track of what his ultimate objective was.
The cigar seller had a comfortable existence thanks to his profession. He did not waste his time partying and lived a simple life, according to Katcher. The roll of paper that he kept in his pocket became a little bit more substantial with each passing week. He was aware that he could never achieve his ultimate goal with basic economies, but he believed that they might get him started on the path. He was not a fan of doing initiatives with a broad scope. He was primarily a short-term worker who turned over his jobs quickly.
In due time, Rothstein was able to amass a sufficient fortune thanks to his successful business endeavors.
a bankroll of $2,000. Arnold’s current net worth is over $28,000, and he just decided to give up his work as a salesperson so that he may pursue a career as a professional gambler.