Transcript
Introduction
Cuba has known many rich men since Christopher Columbus first introduced sugarcane to the island. Tomás Terry, the most successful sugar planner of Cuba's colonial years, left $25 million on his death in 1886. Not bad considering that then the richest man in the world, William Astor, left just $50 million. Yet Cuba does not have to look back more than a century to find extreme riches. In Havana today, to have Croesus-like wealth is referred to be as rich as Julio Lobo. Julio Lobo was the richest man in Cuba before Castro's revolution did away with such men.
Lobo's life frames the 60-odd years of the pre-revolutionary Cuban Republic. He was born in 1898, the year that Cuba won independence after 30 years of fighting against Spain, and he left the country in 1960, 2 years after Castro's guerillas came down from the hills. In his heyday, Lobo was known as the king of sugar, not just of Havana but of the world, with an estimated personal fortune of $200 million, about $5 billion in today's dollars. Yet, he was also a financier of such talent that Castro's government, which was Communist, asked Lobo, a full-blooded capitalist, to work for them after the revolution had begun. So Lobo captures the period's contradictions, too. Lobo's life has the explosiveness of a Hollywood movie. He swam the Mississippi as a young man. He fenced in duels. He survived assassin's bullets, and he was put against the wall to be shot but pardoned at the last moment. He courted movie stars, raised a family, and made and then lost 2 fortunes.
That is an excerpt from the book I'm going to talk to you about today, which is The Sugar King of Havana: The Rise and Fall of Julio Lobo, Cuba's Last Tycoon, and it was written by John Paul Rathbone. So it's funny, on the last podcast, I did on the book Beyond Possible, which was written by a very inspiring figure named Nims Purja, this mountaineer and special forces operator from Nepal. Something Nims said in the book where he's climbing mountains, and he passes -- actually, I'm just going to read the excerpt for you real quick in case you missed it. He says there was -- he's climbing one of the highest mountains in the world, and he says there's a number of unpleasant reminders of the harsh and unforgiving nature of life at high altitude.