- President of Paramount Pictures in the 1930s.
- Father of Budd Schulberg, Stuart Schulberg and Sonya Schulberg.
- Grandfather of Stephan Schulberg, David Schulberg, Benn Schulberg, Jessica Schulberg and Victoria Schulberg.
- Co-founder/President of Preferred Pictures Inc., a production company formed in 1922.
- Paramount Pictures' Director's Building was renamed the Schulberg Building in his honor.
- He was posthumously awarded a Star on the Hollywood Walk of Fame at 1500 Vine Street in Hollywood, California on February 8, 1960.
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