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Beer Money: A Memoir of Privilege and Loss

di Frances Stroh

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"A memoir of a city, an industry, and a dynasty in decline, and the story of a young artist's struggle to find her way out of the ruins. Frances Stroh's earliest memories are ones of great privilege: shopping trips to London and New York, lunches served by black-tied waiters at the Regency Hotel, and a house filled with precious antiques, which she was forbidden to touch. Established in Detroit in 1850, by 1984 the Stroh Brewing Company had become the largest private beer fortune in America and a brand emblematic of the American dream itself; while Stroh was coming of age, the Stroh family fortune was estimated to be worth $700 million. But behind the beautiful façade lay a crumbling foundation. Detroit's economy collapsed with the retreat of the automotive industry to the suburbs and abroad and likewise the Stroh family found their wealth and legacy disappearing"--Publisher's description.… (altro)
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Yet another story of how hard it is to be rich. While this is better than most, she still needs to learn how to be a real member of the working class before complaining. ( )
  fulner | Oct 9, 2018 |
'Beer Money' is a cautionary tale of the loss of wealth and privilege centered around Frances Stroh and her dysfunctional family. Frances is a member of the Stroh Brewery family, a business that was established in the mid-1800's but took only a decade to collapse in the early 21st century. The Stroh family was used to living on dividend checks, and lived quite a privileged life. Family dysfunction, including drug and alcohol abuse, divorce, and the downturn of Detroit's car-based economy, all contributed to her family's bankruptcy. The story was told well, with remarkable honesty. This story reminds me of another heiress who was unable to cope with her inherited fortune, described in the book, 'Empty Mansions.' ( )
  peggybr | Jul 26, 2017 |
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"A memoir of a city, an industry, and a dynasty in decline, and the story of a young artist's struggle to find her way out of the ruins. Frances Stroh's earliest memories are ones of great privilege: shopping trips to London and New York, lunches served by black-tied waiters at the Regency Hotel, and a house filled with precious antiques, which she was forbidden to touch. Established in Detroit in 1850, by 1984 the Stroh Brewing Company had become the largest private beer fortune in America and a brand emblematic of the American dream itself; while Stroh was coming of age, the Stroh family fortune was estimated to be worth $700 million. But behind the beautiful façade lay a crumbling foundation. Detroit's economy collapsed with the retreat of the automotive industry to the suburbs and abroad and likewise the Stroh family found their wealth and legacy disappearing"--Publisher's description.

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