Blood Rich: When Oil Billions, High Fashion, and Royal Intimacies Are Not Enough
Books / Hardcover
Books › Business & Economics › General
ISBN: 0316950920 / Publisher: Little Brown & Co, August 1993
A look at the misfortunes of the Wyatt/Sakowitz family describes how the heir to a department store fortune sued his rich uncle and began a family feud
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A chain of high-fashion stores. A high-society leader on two continents. A high-stakes, multibillion-dollar oil empire. In Blood Rich, Jane Wolfe reveals for the first time the secret lives and the incredible saga of the Wyatt-Sakowitz family of Houston - from hijinks with Fergie in Morocco and London to high noon in a Texas courtroom.Lynn Sakowitz's 1963 marriage to Oscar Wyatt brought together two disparate worlds: the glamour of Houston's Sakowitz stores, founded by Lynn's grandfather in 1902; and the dirty, roughneck oil and gas world of Oscar Wyatt's enormously profitable Coastal Corporation. For twenty years, they had it all. But the obsession and ambition of three fierce competitors - Oscar, Lynn, and her brother, Robert - ultimately tore the family apart. The climax, Wyatt v. Sakowitz, exploded in 1991 in a bitter courtroom fight.Jane Wolfe spent two years interviewing family members, friends, and business associates. Now, in a narrative more shocking - and fascinating - than a novel, she reveals an astounding cast of larger-than-life characters: Lynn Wyatt, who became a perennial on best-dressed lists - and intimate friend of European royalty and international celebrities at her homes in Houston and on the French Riviera; Oscar S. Wyatt, Jr., Lynn's husband, the self-made American oil magnate who did major deals with China, Libya, and Iraq - and earned his reputation for being "meaner than a junkyard dog"; Robert Sakowitz, the flamboyant "merchant prince" of Texas, who popularized in America the pret-a-porter fashions of top French designers - and went head-to-head with Neiman-Marcus in a bruising fight for high-fashion supremacy; Robert Lipman, Lynn's first husband, a sexual athlete, notorious from Palm Beach to Rome, who murdered a model, served years in jail, then mysteriously disappeared; Steve Wyatt, Lynn and Lipman's elder son, whose well-publicized escapades with Sarah Ferguson, the Duchess of York, still rock the British throne; Douglas Wyatt, Lynn and Lipman's younger son, who became a member of a bizarre New Age cult in New York - and launched the lawsuit that ripped the family apart.Douglas Wyatt's suit - which unsuccessfully charged his uncle, Robert Sakowitz, with financial recklessness and fiduciary abuse - continues to reverberate in Texas and in newspapers around the world. Blood Rich takes us behind the headlines for the first time - and captures an astonishing story of family money and family strife. Here is a riveting tale of murder and drugs, adultery and divorce, pride and obsession - a spellbinding saga that takes us inside a true American dynasty and may help to answer the age-old question: Does money bring happiness?
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