- A graduate of New York's Pratt Institute, he was hired in 1930 as an inker at Max Fleischer Studios. Four years later, Waldman was head animator and was drawing many of the studio's classic characters as well as the original Superman cartoon series.
- Academy Award nomination in 1939 for his creation of Hunky and Spunky, a cartoon about a donkey and her son.
- When Paramount took over Fleischer's operations in the 1940s, Waldman helped develop musical cartoons in which audiences were encouraged to sing along by following the bouncing ball that led them through the lyrics of melodies sung by such artists as Cab Calloway and Rudy Vallee.
- Waldman worked on animation for commercials, including the chubby-faced Campbell's Soup kids. He also created his own syndicated comic strip, "Happy the Humbug," and published one of the earliest all-illustration novels.
- Cartoon Animator for Betty Boop, Superman, an animator who helped draw Betty Boop, Casper, Popeye and Raggedy Ann and Andy, and originated Boop's sidekick, a dog named Pudgy.
- Almost certainly the last surviving artist of the Fleischer Studios crew that originated the Betty Boop, Popeye and Superman cartoons in the 1930s.
- His wife Rosalie a cooking instructor whom he met when she was an animation checker at the Fleischer Studio in the early 1940s survives him.
- In the 1990s he was honored with retrospectives at the Museum of Modern Art, the American Museum of the Moving Image and the Los Angeles County Museum of Art.
- Father of Bob Waldman and Steve with his wife, Rosalie.
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