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These Sugar Barons Built an $8 Billion Fortune With Washington’s Help

  • Preserving protections for the industry, including in Nafta
  • A free market for U.S. sugar? ‘I would fall out of my chair’
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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 Castro came onto the scene, had piled up assets in the U.S. Within two years, he’d acquired new refining plants and begun to recreate the Fanjul empire in exile.