Alexandra Lebenthal’s The Recessionistas has pegged the atmosphere in her portrait of the well-heeled now finishing out their summer at their seaside villas, because although the story takes place in 2008, the air today is full of gnawing uncertainty. Me, I’m enthralled reading THE SUGAR KING OF HAVANA; The Rise and Fall of Julio Lobo, Cuba’s Last Tycoon.
Julio Lobo is an unknown name at the beginning of the 21st century, except in Cuba where fifty years after his departure, their term for “rich as Croesus” is ser rico como un Julio Lobo (“to be as rich as Julio Lobo”). This is after fifty years of communism and Fidel.
He was known as The King of Sugar, the magnate who handled half of Cuba’s annual sugar production. He possessed a fortune of $200 million, or $5 billion in today’s dollars. He was also one of the great supporters of the revolution of Fidel Castro.
In the 1950s, he responded to the need to get rid of the corrupt Batista government by backing Castro. After Castro succeeded, Che Guevara offered him the position of running the Ministry of Sugar for the new regime.
They needed him although they had taken all but one mill from him. He refused their offer to run the mills for them, and knowing his time was up, he fled Cuba leaving all of his possessions behind including his estates, his collections (he possessed the largest collection of Napoleonic memorabilia after France) and his fortune.
There are almost two generations of Americans who have no idea what Cuba was to America in that pre-Castro 20th century. Havana is the oldest city in the Western Hemisphere.
It was a mecca for American tourists, for gamblers, for international society. Many Americans kept a part time residence there and visited often. One of the results of Castro’s taking command was the Las Vegas we know today. Cuba had all that and some of the most beautiful beaches in the world, plus a mineral rich earth. And only 90 miles from Florida. Julio Lobo was at its center of power and influence and economic prosperity.
The books author John Paul Rathbone describes the personality and the man: “Lobo swam the Mississippi as a young man, fenced in duels, survived a gangland hit, was put against the wall to be shot but was pardoned at the last moment."
He courted movie stars, raised a family, made an lost two fortunes and once told Marshal Petain about his Vichy government “je veux dire un mot: merde” (which translated loosely means: “this seems like one thing: shit.”)
The fate of Julio Lobo despite his “patriotism” was a betrayal by Castro. Having left everything behind, he made a new fortune in the sugar business in New York, although as his ill-fate would have it, he lost that too.
Lobo never really recovered losing his homeland. Neither did the Cuban sugar industry, or the 10% of Lobo’s countrymen who immigrated to the US to avoid the communist regime. Ironically, the man he set to rid Cuba of, Fulgenio Batista, was self-exiled to Spain with a $300 million dollar fortune. Although today, Batista's communist successor is believed to be much much richer. |