- Inducted into the Toy Industry Hall of Fame in 2003.
- Worked with Elvis Presley to create an Elvis plastic figurine (which was never released).
- Co-invented toys with his son Martin including Shark Attack.
- Designed spy devices and gadgets for the TV show The Girl from U.N.C.L.E.
- Holds nearly 300 patents.
- During World War II he served as a radar technician on the U.S.S. Batfish submarine.
- Had two siblings, brother Bernard who was five years older and sister Bunny (Bernice) who was two years younger.
- Father of Academy Award winning filmmaker Lyn Goldfarb, daughter Fran Goldfarb and Martin Goldfarb.
- Invented over 800 toys including the Merry-Go-Sip, Busy Biddy, Yakity-Yak Talking Teeth, Battling Tops, KerPlunk, Stompers, Vac-U-Form, Shark Attack!, Arcade Basketball, Hydro Strike, Giant Bubble Gun, Baby Beans, Numbers Up, Quiz Wiz, Poppin Hoppies, Beware the Spider!, Chutes Away, Marblehead, and Snakes Alive.
- Worked with Hank Saperstein to design and manufacture toy premiums for Kelloggs Cereal.
- Began inventing toys after leaving the US Navy after World War II leading to his partnership with toy entrepreneur Marvin Glass.
- He was the first American to receive the I.D.I.O.T. (International Designer and Inventor of Toys) at the UK Toy Inventors' Dinner at the London Toy Fair.
- In 2010 he received the TAGIE (Toy and Game Innovation) Lifetime Achievement Award from the Chicago Toy and Game Group.
- Parents were Jewish immigrants from Poland and Romania.
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