Age, Biography and Wiki
Herbert Haft was born on 24 August, 1920 in Baltimore, Maryland, U.S., is a businessman. Discover Herbert Haft's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 84 years old?
| Popular As | N/A |
| Occupation | Businessman |
| Age | 84 years old |
| Zodiac Sign | Virgo |
| Born | 24 August, 1920 |
| Birthday | 24 August |
| Birthplace | Baltimore, Maryland, U.S. |
| Date of death | (2004-09-01) Washington, D.C., U.S. |
| Died Place | Washington, D.C., U.S. |
| Nationality | United States |
We recommend you to check the complete list of Famous People born on 24 August. He is a member of famous businessman with the age 84 years old group.
Herbert Haft Height, Weight & Measurements
At 84 years old, Herbert Haft height not available right now. We will update Herbert Haft's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status | |
|---|---|
| Height | Not Available |
| Weight | Not Available |
| Body Measurements | Not Available |
| Eye Color | Not Available |
| Hair Color | Not Available |
Who Is Herbert Haft's Wife?
His wife is Gloria Haft (divorced) Myrna C. Ruben
| Family | |
|---|---|
| Parents | Not Available |
| Wife | Gloria Haft (divorced) Myrna C. Ruben |
| Sibling | Not Available |
| Children | 3, including Robert |
Herbert Haft Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Herbert Haft worth at the age of 84 years old? Herbert Haft’s income source is mostly from being a successful businessman. He is from United States. We have estimated Herbert Haft's net worth , money, salary, income, and assets.
| Net Worth in 2023 | $1 Million - $5 Million |
| Salary in 2023 | Under Review |
| Net Worth in 2022 | Pending |
| Salary in 2022 | Under Review |
| House | Not Available |
| Cars | Not Available |
| Source of Income | businessman |
Herbert Haft Social Network
| Wikipedia |
| Imdb |
Timeline
Herbert Haft died from heart disease on September 1, 2004, at a Washington D.C. hospital.
In 1999, Herbert Haft launched HealthQuick, an online pharmacy, while his son Robert launched Vitamins.com. HealthQuick failed by 2001.
In 1998, Total Beverage was sold to Total Wine & More and the remainder of Dart Group, except Crown Books, was purchased by Richfood, a grocery distributor for $200 million. Richfood quickly sold Trak Auto to a Tennessee investment group. Crown Books filed for bankruptcy, and limped along on private investment until its closure in 2001.
Haft's Dart Group earned $250 million through greenmail and stock sales during unsuccessful takeover attempts of retailers Safeway and Stop & Shop. In the 1990s, he was involved in widely publicized conflict with his sons Ronald and Robert Haft, and wife Gloria Haft over control of the Dart Group, a family business.
In a 1986 speech to a group of George Washington University alumni, Haft said that the secret of his success, was to borrow big: "If you owe someone several thousand dollars, you can't always sleep at night. If you owe someone several million dollars, the banker or supplier can't sleep. It's no use both of you worrying."
In the late 1970s, Haft's son Robert, a graduate of Harvard Business School, joined the firm. Applying the same principle of mass retailing, the father and son team launched Crown Books. In 1984, he sold Dart Drug - then with 75 stores - for $160 million but retained control of the holding company, Dart Group. He also founded (with family members) Trak Auto, Combined Properties, and acquired part of Total Beverage and Shoppers Food Warehouse.
After school, Haft worked as a pharmacist at a local drug store. In 1955, he and his wife, cosmetician Gloria Haft, opened the first drug discount store, Dart Drug in the Adams Morgan neighborhood in Washington, D.C. He quickly ran into problems as consumer goods wholesalers and pharmaceutical distributors refused to sell to him because his prices were lower than their other customers. Haft unsuccessfully sued until Parke-Davis - at the time one of the largest pharmaceutical companies in the U.S. - was charged by the Justice Department with price-fixing. Haft was a lead witness in the case which was eventually won by the government. The drug distributors - fearful of government action - returned to selling to Dart Drug and the business boomed.
Herbert H. Haft (August 24, 1920 – September 1, 2004) was an American businessman who was famous first for the development of discount stores in the drug store, bookstore, and auto part businesses in Washington, D.C., and later as a corporate raider.
