At the time that Holstein had net assets of US $500,000 the average Negro laborer with a regular job was making a dollar a day. It also does not fully reflect his economic power because his wealth was held in real estate. The real assets he controlled were five to ten times greater. Calculated on that basis his assets controlled would be on the order of a hundred million dollars in todays money. He was as they say also remarkable for his donations to black causes in the states. He also gave for the benefit of the Virgin Islands in general. Halvor Berg a Dane was the lobbyist for his American Virgin Islands Civic Association. His Virgin Islands properties were managed by the Lebanese Alexander family.