The Business Times
SUBSCRIBERS

Cuban-born sugar barons amass over US$8b fortune by mastering US politics

Alfonso Fanjul Sr's sons have Trump administration's ear as it aims to rewrite Nafta, with protections for US sugar growers and millers firmly baked in

Published Thu, Aug 10, 2017 · 09:50 PM
Share this article.

New York

AS Cuban refugees, the Fanjuls have a familiar story to tell. They fled the revolution. Fidel Castro's forces seized everything they owned on the island, business interests, homes, a fortune in fine art. But they didn't arrive in Florida in 1960 empty-handed.

Patriarch Alfonso Fanjul Sr, one of the world's most prosperous sugar barons before Mr Castro came onto the scene, had piled up assets in the United States. Within two years, he'd acquired new refining plants and begun to recreate the Fanjul empire in exile.

Now his two oldest sons are barons themselves, and among the most effective political donors in America. They…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here