[1] In 1931, he ventured into real estate and, along with three partners who invested $2,000 apiece, bought a small apartment house in Harlem.
[1] In the 1930s, using his legal background, Wien pioneered the concept of real estate syndicates, making direct ownership of income property accessible to groups of individual investors for the first time.
[1][5] Wien also participated in transactions in Newark, Palm Beach, Philadelphia, Los Angeles, Minneapolis, and Las Vegas.
In 1958, he donated $8.5 million to Brandeis University to endow the Wien International Scholarship which pays the tuition, room & board, and travel expenses for 50 foreign students per year.
In 1969, he donated $1.2 million to the Lincoln Center for the Performing Arts where he served as vice chairman and a trustee for 20 years.
[1] His granddaughter, Cynthia Allison Malkin, is married to Richard Blumenthal who was elected as United States Senator of Connecticut in 2011.