When he saw that Hasawi, a textile company in Massachusetts, was on the verge of bankruptcy, he decided to buy it. Then sell its original textile equipment, only keep the company name and invest in it. He dabbled in investment in banking, furniture, jewelry, candy and even publishing. 1973, he bought Washington Post's stock for100000, then bought the American government employees' insurance company for $45 million, 1985 bought the controlling stake of ABBC City Service Company for $500 million, and 1987 invested in Solomon Securities Brokerage Company for $700 million, and later for $6544.