Louis Elwood Wolfson (January 28, 1912 – December 30, 2007) was a Wall Street financier and one of the first modern corporate raiders, labeled by Time as such in a 1956 article.
Louis Wolfson became a self-made millionaire before he was 29 years old.
He significantly contributed to the wealth of U.S.
and global financial markets by creating the modern hostile tender offer, which laid the technical framework to the LBO.
In later years he was a major thoroughbred horse racing participant best known as the owner and breeder of 1978 American Triple Crown winner, Affirmed.
In 1967, he was convicted of selling unregistered shares and obstruction of justice for which he served nine months in a federal prison.
The conviction eventually led to the 1969 resignation of Supreme Court Justice Abe Fortas, who first returned a $20,000 retainer to a Wolfson foundation.