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The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes, by Bryan Burrough
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Review
aBryan Burrough has long been one of this nationas best storytellers, but he has outdone himself with his tour de force, "The Big Rich," Set amid the rough and tumble of the Texas oil fields and stretching to the halls of political power in Washington, this epic tale reveals the hidden undercurrents of modern American history that flowed from four families of unimaginable wealth and recklessness. With an unerring eye for detail, Burrough dissects their lives and histories, starting with the patriarchsastruggling, poorly educated men who might have remained forever unknown if not for their success at pulling black ooze from the ground. "The Big Rich" lays bare their arrogance and aspirations, their principles and hypocrisy, their daring and foolishness, taking readers deep inside a world of affluence that has remained secret for far too long. It is, quite simply, a triumph.a aKurt Eichenwald, author of "The Informant" and "Conspiracy of Fools" aItas hard to imagine a greater literary marriage than that of the oil barons of Texas and Bryan Burrough. On the one hand, you have a collection of gargantuan personalities who in the 1920s struck it rich and then, in the decades that followed, used their wealth to transform American business, culture and politics. On the other, you have an authoraand native Texanawho writes, as he always does, with enormous insight and panache. "The Big Rich" has all the hallmarks of a classic American saga.a aDavid Margolick, author of "Beyond Glory: Joe Louis vs. Max Schmeling, and a World on the Brink" a"The Big Rich," a 400 page opus on the oil-powered rise of the Texas elite, has so many characters and entertaining subplots it reads like apetroleum-based "Lord of the Rings," This is, of course, a complimenta] In Burroughas captivating story, done with the same keen eye on excess as his corporate classic "Barbarians at the Gate," itas clear these men cast a shadow so wide they contributed more to our economic, national and political identities than almost any other titans of industry.aa "GQ" aLivelya]impeccably rendereda] Burrough has done estimable new reporting, showing links between Texas money and national politics that stretch back far earlier than the days of Lyndon B. Johnson.aaMimi Schwartz, "The New York Times Book Review" aA Lone Star epica] Burrough introduces his protagonists with a novelistas eye for detail. a] Though this book forms an epitaph for a bygone era, itas not without relevance today.aa"Bloomberg" aIt would be hard to ask for a literally or figuratively rich cast of characters than those in "The Big Rich"a] Nicely detailed and suspenseful.aaHarry Hurt III, "The New York Times Business Section" aEminently readable.aa"Texas Monthly" aWinninga]well researched and briskly told. Burrough has produced an indispensable guide to the knotty fascination that Texas spurs in the imagination.aa "BookForum" aHere at Capitol Annex, we get a fair number of books to review. Rarely do we come across one that we can so highly recommenda] "The Big Rich" is simply a amust read.aa" The Capitol Annex" aCapitalism at its most colorful oozes across the pages of this engrossing study of independent oil mena] This is a portrait of capitalism as white-knuckle risk taking, yielding fruitful discoveries for the fathers, but only sterile speculation for the sonsa astory that resonates with todayas economic upheaval.a a"Publishers Weekly" (starred review) aThe most improbable people of all must live in Texas and, in the good old days, they hunted for oil, found it, sold it, made fortunes and eventually blew most of it. In "The Big Rich," Bryan Burrough tells a wonderful tale of the four biggest Texas millionaires.aa"St. Louis Post-Dispatch" aBurrougha]invokes a tale of bitter competition, family feuds, booms, and bankruptcies that more than lives up to the legends.a a"Booklist" (starred review) aAn entertaining look at the larger-than-life histories of the incomprehensibly rich and powerful.aa"Library Journal" aFull of schadenfreude and speculationaand solid, timely history too.aa "Kirkus Reviews" aFirst-class entertainment.a aJonathan Yardley, "The Washington Post" aWhatas not to enjoy about a book full of monstrous egos, unimaginable sums of money and the punishment of greed and shortsightedness by the march of events?a]["The Big Rich"] is a rippinga] read from start to finish. At the end of it those of less ample fortunes will feel their Schadenfreude richly indulged.a a"The Economist"
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About the Author
Bryan Burrough is a special correspondent at Vanity Fair and the author of three previous books. A former reporter for the Wall Street Journal, he is a three-time winner of the John Hancock Award for excellence in financial journalism. Burrough lives in Summit, New Jersey, with his wife and their two sons.
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Product details
Paperback: 480 pages
Publisher: Penguin Books; Reprint edition (March 30, 2010)
Language: English
ISBN-10: 0143116827
ISBN-13: 978-0143116820
Product Dimensions:
5.4 x 1 x 8.4 inches
Shipping Weight: 1 pounds (View shipping rates and policies)
Average Customer Review:
4.4 out of 5 stars
238 customer reviews
Amazon Best Sellers Rank:
#38,648 in Books (See Top 100 in Books)
This is a relatively entertaining and educational look at the mega-fortunes built through the discovery and exploitation of oil and gas in Texas in the early years of the 20th century. The four individuals who make up the lion's share of the work; Hugh Cullen, Sid Richardson, Clint Murchison and H. L. Hunt, are profiled from their early years, through their wealth building phase and then, in most cases through a period of wealth dissipation generally accomplished by their heirs.The book touches upon the social, political and economic background of the country at large and the state of Texas in particular, as the discovery of oil and the rise of the automobile (and subsequently the OPEC oil embargo) act in concert to generate truly outrageous sums of money concentrated in relatively few hands. That those hands turned out to be in most cases relatively uneducated, bigoted spendthrifts only makes the story that much more entertaining.Many of the actors were passingly familiar to me (Nelson Bunker Hunt in particular), though surprisingly, some I'd never heard of, despite their compelling stories and huge fortunes. To be honest, most of the major players were well before my time and much of the money had been squandered by the time I was grown. Again, a moderately entertaining work and a history lesson of some value.
Speaking as someone who grew up in Texas during that era, the author either wasn’t very thorough, or just made it up when he didn’t have the facts easily at hand.One very simple example: Since when is a steer a heifer?Typical NYC journalist. Forget the facts, if it ain’t entertaining enough, make it up.
For anyone who is interested in the oil and gas industry, particular in Texas, this book is a "must read." It chronicles the lives of four of Texas' most successful oil men, Hugh Roy Cullen of Houston, Sid Richardson of Fort Worth, and Clint Murchison and H. L. Hunt of Dallas. Each was unique, and each is a story unto himself. According to the book, each may have been the wealthiest person the U. S. at one time or another. The book follows their histories, their forays into politics and the ways they chose to spend their fortunes.The book then turns to the second generations. Roy Cullen had a grandson who was Italian nobility with a colorful lifestyle. Clint Murchison's two sons were opposite personalities but who spent most of their adult lives as equal partners who owned the Dallas Cowboys among many other things. Sid Richardson never married, and a large share of his estate was bequeathed to his nephew, Perry Bass, andBasses' sons. Among their investments has been the revitalization of downtown Fort Worth. Finally, there are the children of H. L. Hunt who fathered three separate families at the same time. His first family included sons Bunker and Herbert who tried to corner the silver market, and Lamar who founded the American Football League and the team that is now the Kansas City Chiefs. Hunt's second family included son Ray who has taken a relatively small inheritance and turned it into an international oil and real estate empire. Hunt's third family had to finally sue for a share of Hunt's estate and are otherwise little known.Much of the book might be described as gossip but for the fact that its all true and well documented. To say that the Big Rich were larger than life would be a gross understatement.
WOW! I started my career with an oil and gas attorney in San Angelo, Texas, in the late 1950s, and have continued my entire career in that world, ending up a landman in Midland, Texas. Embedded in that culture, of course, I knew of the Texas Oil families (I also happen to be an original Kansas City Chiefs' fan), but had no idea of the coziness of these landed gentry (oil acreage)and politicians, influencing national policies for their own benefit to the detriment of others, perhaps the forerunner of today's political mess.Over the years I did see, from the inside, the manipulations of banks and markets by "oil people" - it wasn't pretty!!!!At any rate, Bryan Burrough has, almost with photographic skill, written a real-life scenario comparable to any suspenseful mystery writer of today - I could not put the book down, staying up late at night wanting to know how it all worked out.CAVEAT: NOT ALL TEXANS ARE INSANE - JUST THOSE TO WHOM MONEY/POWER IS/ARE GOD !!!!HGHLY RECOMMENDED!!!!
This is the one best book you can find on how the great oil fortunes of TX were built. This is a monumental work on the subject. I live in TX, and it's truly a tale of history of our state as seen from the oil industry. TX oil fortunes have affected our world on many levels.Brilliant job, readable, and you won't put it down. I bought a copy just to reread. It's quite a primer on oil power and politics.I highly recommend it for anyone interested in TX history or business history. A classic work destined to be read for years to come.
A lot of interesting information and most of it new to me, which usually is a plus for any book I read. However, the book does turn to run on quite a bit on parts that, frankly, I didn't think were that interesting. I suspect that if I were from Texas, my score might have been higher by a star because of the familiarity of some names and events in the lore of the state. The book isn't only about oil, but about the amazing development of a state in terms of economics and power at the national level. The story goes right on through to the Dallas Cowboys and the Houston Oilers, of whose origins and ownership I knew very little about. I recommend it if you're into that kind of story...of incredible wealth, made, spent, made again and how succeeding generations either squandered it or enhanced it.
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