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The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes
 
 
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The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes [Hardcover]

Bryan Burrough (Author)
4.0 out of 5 stars  See all reviews (61 customer reviews)


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Book Description

January 27, 2009
In The Big Rich, bestselling author and Vanity Fair special correspondent Bryan Burrough chronicles the rise and fall of one of the great economic and political powerhouses of the twentieth century—Texas oil. By weaving together the epic sagas of the industry’s four greatest fortunes, Burrough has produced an enthralling tale of money, family, and power in the American century.

Known in their day as the Big Four, Roy Cullen, H. L. Hunt, Clint Murchison, and Sid Richardson were all from modest backgrounds, and all became patriarchs of the wealthiest oil families in Texas. As a class they came to be known as the Big Rich, and together they created a new legend in America—the swaggering Texas oilman who owns private islands, sprawling ranches and perhaps a football team or two, and mingles with presidents and Hollywood stars.

The truth more than lives up to the myth. Along with their peers, the Big Four shifted wealth and power in America away from the East Coast, sending three of their state’s native sons to the White House and largely bankrolling the rise of modern conservatism in America. H. L. Hunt became America’s richest man by grabbing Texas’s largest oilfield out from under the nose of the man who found it; he was also a lifelong bigamist. Clint Murchison entertained British royalty on his Mexican hacienda and bet on racehorses—and conducted dirty deals—with J. Edgar Hoover. Roy Cullen, an elementary school dropout, used his millions to revive the hapless Texas GOP. And Sid Richardson, the Big Four’s fun-loving bachelor, was a friend of several presidents, including, most fatefully, Lyndon Johnson.

The Big Four produced offspring who frequently made more headlines, and in some cases more millions, than they did. With few exceptions, however, their fortunes came to an end in a swirl of bitter family feuds, scandals, and bankruptcies, and by the late 1980s, the era of the Big Rich was over. But as Texas native Bryan Burrough reveals in this hugely entertaining account, the profound economic, political, and cultural influence of Texas oil is still keenly felt today.


Editorial Reviews

From Publishers Weekly

Starred Review. Capitalism at its most colorful oozes across the pages of this engrossing study of independent oil men. Vanity Fair special correspondent Burrough (coauthor, Barbarians at the Gate) profiles the Big Four oil dynasties of H.L. Hunt, Roy Cullen, Clint Murchison and Sid Richardson, along with their cronies, rivals, families and, in Hunt's case, bigamous second and third families. The saga begins heroically in the early 20th-century oil boom, with wildcatters roaming the Texas countryside drilling one dry hole after another, scrounging money and fending off creditors until gushers of black gold redeem them. Their second acts as garish nouveaux riches with strident right-wing politics are entertaining, if less dramatic. Decline sets in as rising production costs and cheaper Middle Eastern oil erode profits, and a feckless, feuding second generation squanders family fortunes on debauchery and reckless investment—H.L.'s sons' efforts in 1970 to corner the silver market bankrupted them and almost took down Wall Street. This is a portrait of capitalism as white-knuckle risk taking, yielding fruitful discoveries for the fathers, but only sterile speculation for the sons—a story that resonates with today's economic upheaval. (Jan. 27)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

From The New Yorker

When a huge oil reserve was discovered at Spindletop, in southeast Texas, in 1901, the state was an inward-looking �hell with cows� built around lumber, cotton, and cattle. In this riveting history, Burrough charts the decades-long rush that made Texas oil into a political and economic powerhouse through the lives of the four great barons: Hugh Roy Cullen, Clint Murchison, Sid Richardson, and H. L. Hunt. Each began his foray into oil as a wildcatter, striking it rich through a combination of intuition and bravado. The fortunes of the Big Four swelled during the Second World War, when the United States was the world�s leading producer of crude, but by the nineteen-eighties Middle Eastern oil was ascendant, and the barons� legacies had �dissolved into a sordid litany of debauchery, family feuds, scandals, and murder.� Burrough brings each of his outsized subjects brilliantly to life, pitching their individual epics against a grand narrative of rise and decline.
Copyright ©2008 Click here to subscribe to The New Yorker

Product Details

  • Hardcover: 480 pages
  • Publisher: Penguin Press HC, The; Complete Numbers Starting with 1, 1st Ed edition (January 27, 2009)
  • Language: English
  • ISBN-10: 1594201994
  • ISBN-13: 978-1594201998
  • Product Dimensions: 9.4 x 6.5 x 1.7 inches
  • Shipping Weight: 1.8 pounds
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (61 customer reviews)
  • Amazon Best Sellers Rank: #109,884 in Books (See Top 100 in Books)

More About the Author

Bryan Burrough is a special correspondent for Vanity Fair, a former reporter for The Wall Street Journal and the author of three previous books.

 

Customer Reviews

61 Reviews
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3 star:
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Average Customer Review
4.0 out of 5 stars (61 customer reviews)
 
 
 
 
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76 of 87 people found the following review helpful:
4.0 out of 5 stars TEXAS WILDCATTERS, February 1, 2009
This review is from: The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes (Hardcover)
This book takes on a subject that has been neglected for far too long. To understand conservative Texas today, you really need an education on the men that shaped it, namely ..Hunt, Cullen, Murchison, and Richardson. All four of these men are uniquely Texan, good and bad. Cullen is by far the most philanthropic, but in many ways the least enteresting, he lived a mostly quite life in Houston's enclave of wealth, River Oaks, and gave away 90 percent of his fortune. What I find most interesting, is that this most conservative of men, gave millions to Texas Southern, Houston's traditionally African American university; he also funded the University of Houston, it's not an understatement to call him Mr. Houston. H.L. Hunt is by far the most interesting, but by far the least philanthropic, Im not sure he ever gave to anything but the Klan, but his three families and all his silly ideas are so hilarious, you really have to give it to the guy for being colorful..Hurt's book on H.L. Hunt is fantastic..his meantion of H.L.'s "creeping" is the limit. As for Richardson, he was in may ways the quenticential Wildcatter, he had the look, the charm, and the bravado, and his collection of Western memorabilia is amazing. Murchison, on the other hand, was more like a brilliant accountant, and look liked one, he was the least like a traditional Wildcatter. This book also delves into the lives of the offspring of these iconic men. Murchisons son, of course founded the Dallas Cowboys, the subsequently, partied all the money away, Richardson's Bass family, has had their share of scandel, divorces et.al. and of course Hunts son's tried to corner the silver market in the 80's..talk about chutzpa and his son Lamar co founded the American Football League and owned the Kansas City Chiefs. Even the staid Cullen had an interesting grandson, the simply ridiculous Baron "Ricky" Di Portenova, he claimed to be an Italian Count on his father side, nobody bought it in Houston, but alas he was colorful, and threw some amazing parties at his mansion in River Oaks and his palace on a hill in Acapulco. Overall, this is a fun read, well written and researched, if you have any interest in Texas history and the Texas Oil Rich, then I cant imagine you not loving this book...as for the unhelpful vote..it just shows that on Amazon there is always at least one person who will find a black cloud on a sunny day..I mean how on earth is this review not helpful?
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39 of 44 people found the following review helpful:
5.0 out of 5 stars Take a romp in the Texas oil patch, January 30, 2009
This review is from: The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes (Hardcover)
The rich Texas oil people have always been a source of fascination to most all of us. In this new book, Bryan Burrough gives us the history of the oil rich. He was a co-author, with John Helyar, of the exciting book"Barbarians at the Gate: The Fall of RJR Nabisco." He is also a native of Texas.

He leads us through the lives of the Texan oil rich, Roy Cullen of Houston, Sid Richardson of Fort Worth, and Clint Murchison and H. L. Hunt of Dallas.

"If Texas Oil had a Mount Rushmore, their faces would adorn it," Burrough writes. "A good ol' boy. A scold. A genius. A bigamist. Known in their heyday as the Big Four, they became the founders of the greatest Texas family fortunes, headstrong adventurers who rose from nowhere to take turns being acclaimed America's wealthiest man."

You'll enjoy the stories that can only happen in Texas. For example, you'll see Hunt going between his three families, Cullen in a a war bond drive that and another wealthy Texan wearing and throwing away $100 bills as bow ties.

I found this to be a well researched book. It's fast and exciting reading. It gives you a look at contemporary history but, at the same time, a personal look into the lives of those who lived large from the fruits of the black gold that poured from the Texas landscape.

Highly recommended.

- Susanna K. Hutcheson
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14 of 16 people found the following review helpful:
3.0 out of 5 stars Big Rich, Maybe not...., April 1, 2009
This review is from: The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes (Hardcover)
This book provides considerable detail about an important slice of 20th Century Americana viz., the emergence of Texas as a economic, social, and political influence in America. In the classic sense of fact be stranger than fiction, this story almost tells itself and Bryan Burrough does an admirable job of synthesizing the various elements of the story into an American epic tale. I found the book at times too heavy on detail, as though the author insists on sharing all the research he worked so hard to obtain. The book also suffers from a bit of temporal arrogance as it looks back on early and mid 20th Century history with a 21st Century sensibility, which tends to depict everything in a critical light rather than a contemporary context. Certainly a worthwhile read.
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Inside This Book (learn more)
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
joiner leases, other oilmen, oil scouts, derrick floor, oil game
Key Phrases - Capitalized Phrases (CAPs): (learn more)
East Texas, Texas Oil, New York, Sid Richardson, Roy Cullen, Fort Worth, Big Four, Hunt Oil, Big Clint, West Texas, Clint Murchison, Wall Street, Facts Forum, White House, Big Rich, Murchison Brothers, Lyndon Johnson, Perry Bass, New Orleans, San Antonio, Frania Tye, United States, World War, John Connally, Mount Vernon
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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