Smith was born October 29, 1924, in Atlanta, Georgia. The hospital where he was born later became part of
Atlanta Stadium. He attended
North Fulton High School. Following high school, he spent one year at
Emory University, then transferred to the
University of Georgia. Following graduation he began working as an executive at Life Insurance Company of Georgia. He ascended to the position of president and
chairman of the board in 1970. He stepped down from the board in 1976 due to his "other business interests", but reportedly he was pushed out due to his problem with alcohol. He retired in 1978. Smith was married twice. First, to the former Miriam "MeMe" Wellman (1945–1974) with whom he fathered five children: Rankin, Carroll, Dorothy Ann, Taylor and Karen. These five were the genesis behind the corporate name of the Atlanta Falcons Football Club, The Five Smiths, Inc. In 1976, he married Charlotte Topping, the widow of former
New York Yankees owner
Dan Topping. He died on October 26, 1997, from complications resulting from
heart failure. ==Purchase of the Atlanta Falcons==