J. Paul Getty
industrialist
J. Paul Getty
Jean Paul Getty was an Anglo-American industrialist. He founded the Getty Oil Company, and in 1957 Fortune magazine named him the richest living American, whilst the 1966 Guinness Book of Records named him as the world's richest private citizen, worth an estimated $1.2 billion. At his death, he was worth more than $2 billion.
Biography
J. Paul Getty's personal information overview.
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Photo Albums
Popular photos of J. Paul Getty
News
News abour J. Paul Getty from around the web
Jessie J Shows Up to MTV VMAs with Broken Foot - Zimbio
Google News - over 5 years
(Getty Images)more pics » Jessie J (Getty Images) Jessie J showed up to the MTV Video Music Awards rocking crutches and a cast with her red carpet look. Fortunately the black striped cast and crutches matched her bedazzled outfit
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Listen: Jessie J 'Domino' Clip - Zimbio
Google News - over 5 years
(Getty Images)more pics » Jessie J (Getty Images) Jessie J gave fans a half-minute sneak peek of her new song "Domino" today, and we want more! Dr. Luke produced the catchy tune and the British pop star is making us wait until August 30 for the whole
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Great Escape to the Getty - Patch.com
Google News - over 5 years
Less than a half an hour drive from La Cañada, the amazing Paul J. Getty museum beckons! By Kristi Kellogg | Email the author | 9:48am Though its only existed since 1997, the Paul J. Getty Museum is already a major cultural institution in Los Angeles
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Niagara County Real Estate Transactions - Buffalo News
Google News - over 5 years
•Elm Drive, Ronald Getty; Connie J. Getty to Shannon K. Fundis; William G. Fundis III, $155000. • Saunders Settlement Road, Kenneth G. Keiper to William J. Lyle, $75000. • 181 Independence Ave., Alvin F. Fiedler; Jane A. Fiedler to Matthew S
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Glyptoteket vil returnere fyrstegrav til Italien - Politiken.dk
Google News - over 5 years
I løbet af efterforskningen er det kommet frem, at kunsthandlerne afsatte de illegale genstande til flere store, velestimerede museer, blandt andet The Paul J. Getty Museum i Los Angeles og Metropolitan Museum of Art i New York
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Nicholls Auction Marketing Group to Sell 70 Acres of Valuable Spotsylvania ... - PR Newswire (press release)
Google News - almost 6 years
The property at auction is from the Wilson M. Corr, Sr., estate (Frederick J. Getty — Special Commissioner) and consists of 69.984 acres in Spotsylvania County, Va., with a two story, four bedroom home and is zoned A-2
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Timeline
Learn about memorable moments in the evolution of J. Paul Getty
    LATE_ADULTHOOD
  • 1976
    Age 83
    Getty lived the rest of his life in the British Isles, dying of heart failure at the age of 83 on June 6, 1976.
    More Details Hide Details Getty was married and divorced five times. He had five sons with four of his wives: At age 99, in 2013, Getty's fifth wife, Louise—now known as Teddy Getty Gaston—published a memoir reporting how Getty had scolded her for spending money too freely in the 1950s on the treatment of their six-year-old son, Timmy, who'd become blind from a brain tumor. Timmy died at age 12, and Getty, living in England apart from his wife and son back in the U.S., did not attend the funeral. Teddy divorced him that year. Getty was quoted as saying "A lasting relationship with a woman is only possible if you are a business failure", and "I hate to be a failure. I hate and regret the failure of my marriages. I would gladly give all my millions for just one lasting marital success."
  • 1973
    Age 80
    On July 10, 1973, in Rome, kidnappers abducted 16-year-old John Paul Getty III and, over the telephone, demanded $17 million for his safe return.
    More Details Hide Details However, "the family suspected a ploy by the rebellious teenager to extract money from his miserly grandfather." John Paul Getty Jr. asked his father for the money, but was refused. In November 1973 an envelope containing a lock of hair and a human ear arrived at a daily newspaper. The second demand had been delayed three weeks by an Italian postal strike. The demand threatened that Paul would be further mutilated unless the victims paid $3.2 million: "This is Paul’s ear. If we don’t get some money within 10 days, then the other ear will arrive. In other words, he will arrive in little bits." When the kidnappers finally reduced their demands to $3 million, Getty senior agreed to pay no more than $2.2 million—the maximum that would be tax deductible. He lent his son the remaining $800,000 at 4% interest. Paul III was found alive in a filling station of Lauria, in the province of Potenza, shortly after the ransom was paid. After his release Paul III called his grandfather to thank him for paying the ransom but Getty refused to come to the phone. Nine people were later arrested for the kidnapping, but only two were convicted. Paul III was permanently affected by the trauma and became a drug addict. After a stroke brought on by a cocktail of drugs and alcohol in 1981, Paul III was rendered speechless, nearly blind and partially paralyzed for the rest of his life.
  • 1963
    Age 70
    When speaking in a televised interview with Alan Whicker in February 1963, Getty said that he thought guests would want to use a payphone.
    More Details Hide Details After 18 months, Getty explained, "The in-and-out traffic flow at Sutton subsided. Management and operation of the house settled into a reasonable routine. With that, the pay-telephone was removed, and the dial-locks were taken off the telephones in the house."
  • 1953
    Age 60
    From 1953 onward, Getty's gamble produced a year, which contributed greatly to the fortune responsible for making him one of the richest people in the world.
    More Details Hide Details Getty increased the family wealth, learning to speak Arabic, which enabled his unparalleled expansion into the Middle East. Getty owned the controlling interest in nearly 200 businesses, including Getty Oil. Associates identified his overall wealth at between $2 billion and $4 billion. It didn't come easily, perhaps inspiring Getty's widely quoted remark—"The meek shall inherit the earth, but not the mineral rights." J. Paul Getty was an owner of Getty Oil, Getty Inc., George F. Getty Inc., Pacific Western Oil Corporation, Mission Corporation, Mission Development Company, Tidewater Oil, Skelly Oil, Mexican Seaboard Oil, Petroleum Corporation of America, Spartan Aircraft Company, Spartan Cafeteria Company, Minnehoma Insurance Company, Minnehoma Financial Company, Pierre Hotel at Fifth Avenue and 60th Street, Pierre Marques Hotel at Revolcadero Beach near Acapulco, Mexico, Sutton Place, 72-room mansion near Guildford, Surrey, 35 miles from London, a 15th-century palace and nearby castle at Ladispoli, on the coast northwest of Rome, a Malibu ranch home.
  • FIFTIES
  • 1949
    Age 56
    Beginning in 1949, Getty paid Ibn Saud $9.5 million in cash and $1 million a year for a 60-year concession to a tract of barren land near the border of Saudi Arabia and Kuwait.
    More Details Hide Details No oil had ever been discovered there, and none appeared until four years had passed, and $30 million had been spent.
  • THIRTIES
  • 1930
    Age 37
    Just before he died in 1930, George Franklin Getty said that Jean Paul would ultimately destroy the family company.
    More Details Hide Details Shrewdly investing his resources during the Great Depression, Getty acquired Pacific Western Oil Corporation, and he began the acquisition (completed in 1953) of the Mission Corporation, which included Tidewater Oil and Skelly Oil. In 1967 the billionaire merged these holdings into Getty Oil.
  • TWENTIES
  • 1919
    Age 26
    In 1919, Getty returned to business in Oklahoma.
    More Details Hide Details During the 1920s, he added about $3 million to his already sizable estate. His succession of marriages and divorces (three during the 1920s, five throughout his life) so distressed his father, however, that J. Paul inherited a mere $500,000 of the $10 million fortune his father George had left at the time of his death.
  • 1917
    Age 24
    In 1917, he announced that he was retiring to become a Los Angeles-based playboy, and took a few years off from the money-making grind to enjoy spending his earnings on women.
    More Details Hide Details
  • 1916
    Age 23
    Running his own oil company in Tulsa, he made his first million by June 1916.
    More Details Hide Details The Nancy Taylor No. 1 Oil Well Site near Haskell, Oklahoma, was crucial to his early financial success. This oil well was the first to be drilled by J. P. Getty.
  • 1913
    Age 20
    He enrolled at the University of Southern California, then at University of California, Berkeley. In 1913, he obtained a diploma in Economics and Political Science from the University of Oxford, having matriculated as a non-collegiate student on November 28, 1912.
    More Details Hide Details He spent his summers between studies working on his father's oil fields in Oklahoma.
  • CHILDHOOD
  • 1892
    Born
    Born on December 15, 1892.
    More Details Hide Details
Original Authors of this text are noted here.
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