The Richest Woman in America


Book Description

No woman in the Gilded Age made as much money as Hetty Green, America’s first female tycoon. A strong woman who forged her own path, she was worth at least $100 million by the end of her life in 1916—equal to about $2.5 billion today. Green was mocked for her simple Quaker ways and her unfashionable frugality in an era of opulence and excess; the press even nicknamed her “The Witch of Wall Street.” But those who knew her admired her wit and wisdom, and while financiers around her rose and fell as financial bubbles burst, she steadily amassed a fortune that supported businesses, churches, municipalities, and even the city of New York. Janet Wallach’s engrossing biography reveals striking parallels between past financial crises and current recession woes, and speaks not only to history buffs but to today’s investors, who just might learn a thing or two from Hetty Green.




Searching for Sarah Rector


Book Description

The incredible and little-known story of Sarah Rector, once the wealthiest Black woman in America, from Coretta Scott King Honor Award winner Tonya Bolden Searching for Sarah Rector brings to light the intriguing mystery of Sarah Rector, who was born into an impoverished family in 1902 in Indian Territory and later was famously hailed by the Chicago Defender as “the wealthiest colored girl in the world.” Author Tonya Bolden sets Rector’s rags-to-riches tale against the backdrop of American history, including the creation of Indian Territory; the making of Oklahoma, with its Black towns and boomtowns; and the wild behavior of many greedy and corrupt adults. At the age of eleven, Sarah was a very rich young girl. Even so, she was powerless . . . helpless in the whirlwind of drama—and danger—that swirled around her. Then one day word came that she had disappeared. This is her story, and the story of other children like her, filled with ups and downs, bizarre goings-on, and a heap of crimes. Out of a trove of primary documents, including court and census records, as well as interviews with family members, Bolden painstakingly pieces together the events of Sarah’s life.




Hetty


Book Description

This acclaimed biography of the Gilded Age’s Queen of Wall Street is “a must-read for all aspiring moguls” (Regina Herzlinger, Harvard Business School). When J. P. Morgan called a meeting of New York's financial leaders after the stock market crash of 1907, Hetty Green was the only woman in the room. The Guinness Book of World Records memorialized her as the World's Greatest Miser, and, indeed, this unlikely robber baron—who parlayed a comfortable inheritance into a fortune that was worth about 1.6 billion in today's dollars—was frugal to a fault. But in an age when women weren't even allowed to vote, never mind concern themselves with interest rates, she lived by her own rules. In Hetty, Charles Slack reexamines her life and legacy, giving us, at long last, a splendidly “nuanced portrait” (Newsweek) of one of the greatest—and most eccentric—financiers in American history. This P.S. edition features an extra 16 pages of insights into the book, including author interviews, recommended reading, and more. “[Hetty’s] wry wit and colorful personality bring humor and pathos to this story. . . . [R]eaders cannot help from cheering for her at every turn.” —Booklist “An exemplary retelling for a new generation.” —Kirkus Reviews “Entertaining. . . . Slack . . . concentrates on telling a good story and telling it well.” —Publishers Weekly “Wonderfully detailed.” —Forbes “Page-turning.” —Richmond Times-Dispatch “Fascinating.” —New York Post




Primates of Park Avenue


Book Description

"Like an urban Dian Fossey, Wednesday Martin decodes the primate social behaviors of Upper East Side mothers in a brilliantly original and witty memoir about her adventures assimilating into that most secretive and elite tribe. After marrying a man from the Upper East Side and moving to the neighborhood, Wednesday Martin struggled to fit in. Drawing on her background in anthropology and primatology, she tried looking at her new world through that lens, and suddenly things fell into place. She understood the other mothers' snobbiness at school drop-off when she compared them to olive baboons. Her obsessional quest for a Hermes Birkin handbag made sense when she realized other females wielded them to establish dominance in their troop. And so she analyzed tribal migration patterns; display rituals; physical adornment, mutilation, and mating practices; extra-pair copulation; and more. Her conclusions are smart, thought-provoking, and hilariously unexpected. Every city has its Upper East Side, and in Wednesday's memoir, readers everywhere will recognize the strange cultural codes of powerful social hierarchies and the compelling desire to climb them. They will also see that Upper East Side mothers want the same things for their children that all mothers want--safety, happiness, and success--and not even sky-high penthouses and chauffeured SUVs can protect this ecologically released tribe from the universal experiences of anxiety and loss. When Wednesday's life turns upside down, she learns how deep the bonds of female friendship really are. Intelligent, funny, and heartfelt, Primates of Park Avenue lifts a veil on a secret, elite world within a world--the exotic, fascinating, and strangely familiar culture of privileged Manhattan motherhood"--




Rich People Poor Countries


Book Description

Like the robber barons of the 19th century Gilded Age, a new and proliferating crop of billionaires is driving rapid development and industrialization in poor countries. The accelerated industrial growth spurs economic prosperity for some, but it also widens the gap between the super rich and the rest of the population, especially the very poor. In Rich People Poor Countries, Caroline Freund identifies and analyzes nearly 700 emerging-market billionaires whose net worth adds up to more than $2 trillion. Freund finds that these titans of industry are propelling poor countries out of their small-scale production and agricultural past and into a future of multinational industry and service-based mega firms. And more often than not, the new billionaires are using their newfound acumen to navigate the globalized economy, without necessarily relying on political connections, inheritance, or privileged access to resources. This story of emerging-market billionaires and the global businesses they create dramatically illuminates the process of industrialization in the modern world economy.




The Richest Girl in the World


Book Description

At the age of 13, she inherited a $100 million tobacco fortune. By the time she was 30, Doris Duke had lavished millions on her lovers and husbands. An eccentric and maverick, Duke's intimate circle of friends included Jacqueline Onassis, Malcolm Forbes, Truman Capote, Errol Flynn and Andy Warhol. 16 pages of photos.




The Bettencourt Affair


Book Description

An NPR Best Book of 2017 Heiress to the nearly forty-billion-dollar L’Oréal fortune, Liliane Bettencourt was the world’s richest woman and the fourteenth wealthiest person. But her gilded life took a dark yet fascinating turn in the past decade. At ninety-four, she was embroiled in what has been called the Bettencourt Affair, a scandal that dominated the headlines in France. Why? It’s a tangled web of hidden secrets, divided loyalties, frayed relationships, and fractured families, set in the most romantic city—and involving the most glamorous industry—in the world. The Bettencourt Affair started as a family drama but quickly became a massive scandal, uncovering L’Oréal’s shadowy corporate history and buried World War II secrets. From the Right Bank mansions to the Left Bank artist havens; and from the Bettencourts’ servant quarters to the office of President Nicolas Sarkozy; all of Paris was shaken by the blockbuster case, the shocking reversals, and the surprising final victim. It all began when Liliane met François-Marie Banier, an artist and photographer who was, in his youth, the toast of Paris and a protégé of Salvador Dalí. Over the next two decades, Banier was given hundreds of millions of dollars in gifts, cash, and insurance policies by Liliane. What, exactly, was their relationship? It wasn’t clear, least of all to Liliane’s daughter and only child, Françoise, who became suspicious of Banier’s motives and filed a lawsuit against him. But Banier has a far different story to tell... The Bettencourt Affair is part courtroom drama; part upstairs-downstairs tale; and part characterdriven story of a complex, fascinating family and the intruder who nearly tore it apart.




Billionaire Wilderness


Book Description

"Billionaire Wilderness offers an unprecedented look inside the world of the ultra-wealthy and their relationship to the natural world, showing how the ultra-rich use nature to resolve key predicaments in their lives. Justin Farrell immerses himself in Teton County, Wyoming--both the richest county in the United States and the county with the nation's highest level of income inequality--to investigate interconnected questions about money, nature, and community in the twenty-first century. Farrell draws on three years of in-depth interviews with "ordinary" millionaires and the world's wealthiest billionaires, four years of in-person observation in the community, and original quantitative data to provide comprehensive and unique analytical insight on the ultra-wealthy. He also interviewed low-income workers who could speak to their experiences as employees for and members of the community with these wealthy people. He finds that the wealthy leverage nature to climb even higher on the socioeconomic ladder, and they use their engagement with nature and rural people as a way of creating more virtuous and deserving versions of themselves. Billionaire Wilderness demonstrates that our contemporary understanding of the relationship between the ultra-wealthy and the environment is empirically shallow, and our reliance on reports of national economic trends distances us from the real experiences of these people and their local communities"--




The Silver Swan


Book Description

“Shows us just how brave, rebellious, and creative this unique woman really was, and how her generosity benefits us to this day.” —Gloria Steinem In The Silver Swan, Sallie Bingham chronicles the notorious tobacco heiress who was perhaps the greatest modern woman philanthropist. Duke established her first foundation when she was twenty-one; cultivated friendships with Jackie Kennedy, Imelda Marcos, and Michael Jackson; flaunted interracial relationships; and adopted a thirty-two year-old woman she believed to be the reincarnation of her deceased daughter. Even though Duke was the subject of constant scrutiny, little beyond the tabloid accounts of her behavior has been publicly known. When her personal papers were made available, Sallie Bingham set out to discover her true identity. She found an alluring woman whose life was forged in the Jazz Age, who was not only an early war correspondent but also an environmentalist, a surfer, a collector of Islamic art, a savvy businesswoman who tripled her father’s fortune, and a major philanthropist with wide-ranging passions from dance to historic preservation to human rights. In The Silver Swan, Bingham dissects the stereotypes that have defined Duke’s story while also confronting the disturbing questions that cleave to her legacy. “Illuminating . . . Bingham is a generous biographer in this exacting, measured work.” —Publishers Weekly “The most significant, dramatic, and compelling biography of Doris Duke. . . . that will delight and inspire all readers concerned about a more humane future.” —Blanche Wiesen Cook, author of Eleanor Roosevelt (vols. I, II, III)




The Witch of Wall Street


Book Description