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John Donald MacArthur (March 6, 1897 - January 6, 1978) was an American businessman and philanthropist who established the John D. and Catherine T. MacArthur Foundation, benefactor in the MacArthur Fellowships. MacArthur made his fortune in the insurance business; in 1935, he acquired the Bankers Life and Casualty Company for $2,500. In subsequent years, he built up a business empire through acquisitions of many small insurance corporations.
Source: Wikipedia
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