FACTOID # 48: Many Americans live alone - the United States leads the world in one person households.
 
 Home   Encyclopedia   Statistics   Countries A-Z   Flags   Maps   Education   Forum   FAQ   About 
 
WHAT'S NEW
RECENT ARTICLES
More Recent Articles »
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Encyclopedia > J. P. Getty

Jean Paul Getty (December 15, 1892June 6, 1976) was an American industrialist and founder of the Getty Oil Company.


Born in Minneapolis, Minnesota into a family already in the petroleum business, he was one of the first people in the world with a fortune of over $1 billion U.S. dollars. He was an avid collector of art and antiquities, and his collection forms the basis of the J. Paul Getty Museum in California.


He enrolled at the University of Southern California, then at the Berkeley before graduating in 1914 at Oxford with degrees in economics and political science. He worked during the summers on his father's oil fields in Oklahoma. Running his own oil company in Tulsa, he made his first million by 1916. However, in 1917, he announced that he was retiring to become a Los Angeles-based playboy. (He married five times.) Although he eventually returned to business, Getty had lost his father's respect. Just before George Franklin Getty died in 1929, he believed that Jean Paul would destroy the family company, and told him so.


He moved to England in the 1950s, where he lived and worked at his 16th-century Tudor estate, Sutton Place near Guildford, until his death.


Despite his vast wealth, he was notoriously tight-fisted: he had pay phones installed in his home, saved bits of string until he had enough to tie up a parcel, and washed his own underwear. In 1973, his grandson, J. Paul III, was kidnapped. Getty refused to pay the ransom until he was sent the boy's severed right ear.


He is at times referred to as Jean Paul Getty, Sr. to distinguish him from his son Jean Paul Getty, Jr. His great-grandson, Balthazar Getty, is an actor.


Published works

  • How to be Rich, a collection of Getty's essays.

  Results from FactBites:
 
J. Paul Getty - Wikipedia, the free encyclopedia (797 words)
Jean Paul Getty (December 15, 1892 – June 6, 1976) was an American industrialist and founder of the Getty Oil Company.
Getty fully acknowledges this in his autobiography, I enjoyed the advantage of being born into an already-wealthy family, and when I began my business career I was subsidized by my father.
It is often reported that Getty refused to pay the ransom until he was sent the boy's severed right ear.
J P Getty Biography - The Beacon Fellowship Charitable Trust (359 words)
Getty donated according to his own personal principles - with thoughtfulness and personal consideration, not giving to causes that would clearly have been supported by someone else, that his giving should enhance in perpetuity the UK nation and community, and that benefactors should not have to jump through hoops to receive a grant.
He was also a powerful force in lobbying successive Ministers for the Arts with whom he argued the case for improved tax arrangements in the UK with respect to charitable donations.
Getty established philanthropy as a modern profession, dependent upon individual judgement, human reaction and the passions of trusted friends.
  More results at FactBites »


 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments
Please enter the 5-letter protection code

Want to know more?
Search encyclopedia, statistics and forums:

 


Lesson Plans | Student Area | Student FAQ | Reviews | Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms.