This had been proved when Wood set a fantastic water-speed record of 124.91 mph, a feat which prompted Kaye Don to remark: "No man has contributed as much to the development of water-craft. Gar Wood has made every mile of his speed count in the advancement of an industry."
Wood retired from racing shortly after the 1933 Harmsworth. Today, a robust 82, living comfortably at his $2 million 122-acre estate on Fisher Island, south of Miami, Wood still refuses to slow down. He is "working harder now than [he] was in the '30s," and actively enjoys several hobbies: astronomy (he has built a private observatory in a Moorish tower of his Florida home), deep-sea fishing (with his son, Gar Jr., who also has raced speedboats), inventing (with an experimental automotive project in the works) and, of course, boating (he still pilots an 85-foot version of the wartime PT).
The Gar Wood philosophy is simple: "All any man needs," he says, "is five things-good health, a good job, a good wife, a good religion and at least one goldarn good hobby."