3min chapter

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#63 The King of Oil: The Secret Lives of Marc Rich

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CHAPTER

Phillips Brothers, Inc.

After the revolution in Cuba, Phillips Brothers sent Mark Rich to negotiate with the new regime. He stayed for six months and recoups all of his company's $1.2 million investment. The story gives an insight into how he works: "I'm providing a service" Despite the embargo, Rich never stopped trading with the Cuban regime.

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