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#59 Howard Hughes: The Definitive Biography of the First American Billionaire
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Howard Hughes and the Importance of Frugality
Howard Hughes spent $250,000 a week during the Great Depression. He turned down $10,000 to help fund the Los Angeles Public Library but spent $20,000 on jewelry for some woman he wanted to date. When Noah Dietrich arrived at his house and told him the money cupboard was bare, it did get his attention. However, having never paid any attention to business, Howard Hughes knew nothing of the declining oil market or bankruptcies in Texas.
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