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It was one of the curious facts in the history of modern popular music, that rhythm and blues and jazz - the sound of poor black urban America - were given a mass market by two middle-class immigrants from Turkey.Ahmet Ertegun founded Atlantic Records in 1947, and his brother Nesuhi joined him later as vice-president of the company.
Along with his partner Herb Abramson, a native New Yorker, Ertegun developed Atlantic into a powerhouse of rhythm and blues, jazz, soul and rock.
Source: BBC [newsvote.bbc.co.uk].
As far as accolades or tributes are concerned, I think that the music he helped create and the legacy of it quite literally speaks volumes.
Syzygy