Book in the news: an engaging tale about a one-dimensional man
Book review: Mr Five Per Cent Philip Hanschers' biography of Calouste Gulbenkian examines what vast wealth does to a man and the people around him.
The Many Lives of Calouste Gulbenkian, The World'sRichest Man
Profile, £25
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"A dealmaker for the age," Calouste Gulbenkian was the richest man in the world by the time of his death in 1955 owing to his role in brokering deals between oil companies and oil-rich kingdoms in the Middle East. This biography tells his story, one "of a businessman playing off great powers in the Middle East, exploiting loopholes in the world's financial architecture, avoiding accountability, making a fortune for himself, and spending it on a life of luxury", says Oliver Bullough in The Guardian.
Gulbenkian is not an easy subject as his single-mindedness in the pursuit of money "renders him rather dull", says Gerard DeGroot in The Times. However, Conlin "somehow constructs an engaging tale about this one-dimensional man", providing "delightful details that provide welcome contrast to all those labyrinthine deals".
The author guides the reader "with a sure hand and a lucid talent for exposition through the very different worlds of connoisseurship, family trauma and the making of millions", says Philip Hensher in The Spectator. But the main interest is in the book's "exploration of what this level of wealth does to a man and the people around him". Conlin "compels unwilling admiration for the sheer tenacity of his hero over decades, while leaving us in no doubt of the hellish narrowness of Calouste's focus".
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.
He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.
Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.
As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.
Follow Matthew on Twitter: @DrMatthewPartri
-
Four AI ETFs to buy
Is now a good time to buy AI ETFs? We examine four AI ETFs that investors might want to add to their portfolio
By Dan McEvoy Published
-
Chase boosts easy-access interest rate - savers could earn 4.75%
Chase is offering a boosted interest rate which is fixed for six months, on top of the standard variable rate
By Jessica Sheldon Published