The Never-Boring Life of J. Paul Getty, World's Richest Man (2024)

J. Paul Getty is famous for being rich.

Less well known are the facts and details about him as a person, a businessman, a collector, and a philanthropist.

Not surprisingly, visitors to the Getty Center or Getty Villa often leave with many of the same questions: How did he make his money? Why did he collect art? Did he buy all of this art himself? Did he have a hand in creating the Villa? The Center? Wasn’t he really cheap?

A new installation at the Getty Center, J. Paul Getty: Life and Legacy, addresses these frequently asked questions and many more. Created by a team of curators, archivists, educators, and designers, it offers a fuller picture of who J. Paul Getty was, and why the Getty exists as it does today.

In light of the new installation, I’ve recently updated the history pages of our website to share more of J. Paul Getty’s history. Having dug into his writings, photos, and archives, I learned a lot of interesting details about the man whose name is on my business card. Here are five of them.

Getty made his fortune in oil not once, but many times over.

J. Paul Getty was born into a wealthy family, but he made the vast amount of his money in the oil industry. He learned the business as a child, following his father into the Oklahoma oil fields during summer breaks from school and witnessed his first oil strike at age 11. In his autobiography, he recalled it was a “unique thrill.”

After completing his studies, his father convinced him to try a summer prospecting for oil. Getty turned out to be an exceptional wildcatter. With a high tolerance for risk and a keen eye for reading the landscape for likely oil wells, he made his first million by the age of 23—and promptly retired.

But, having caught oil fever himself, in 1919 he returned to the oil company he had incorporated with his father, taking the helm after his father’s death in 1930. In the late 1940s, he negotiated a 30-year oil concession in the “Neutral Zone” between Saudi Arabia and Kuwait, meaning Getty Oil had exclusive rights to prospect for oil in the area. This was a huge risk at the time—oil had never been found there—and it paid off magnificently in the 1950s. Getty steered his company to become a global conglomerate that handled all aspects of oil production, from exploration to shipping. (His business ventures also included hotels and a company that manufactured mobile homes.) In 1957, Fortune magazine named him the “Richest Man in the World.”

Little-known fact: Getty learned Arabic so he could personally negotiate deals in the Middle East.

As a collector he appreciated classical beauty and art displayed in context.

Getty started seriously collecting art in the 1930s, but he was a lifelong collector. As a child, he collected marbles and stamps and wrote about them in his diaries. (Keeping a record of his daily activities, including his art collecting, was a lifelong habit.)

Art collecting was a common practice among Getty’s wealthy peers like William Randolph Hearst and Norton Simon. And while Getty enjoyed the tax benefits that donating his art afforded him, he pursued collecting art with genuine passion. “My collecting over the years has been a labor of love,” he wrote in 1965.

Getty’s taste developed over time and was influenced by his travels—he routinely visited museums and historic sites while on business trips—and by trusted advisers. He delighted in a bargain, but he was also deeply interested in the technical quality of artworks and their provenance: “Exploring their whys and wherefores is exciting—as exciting as collecting itself.” He “never liked to follow the crowd” and felt “annoyed by the importance given to paintings by the majority of people.” Perhaps owing to his enjoyment of house museums, he believed that paintings and sculpture “should be displayed in surroundings of equal quality.”

His esteem for classical traditions of beauty and royalty also informed his tastes. He sought out Old Master paintings and considered it a “happy triumph” when he secured the acquisition of Rembrandt’s St. Bartholomew. Trips to Italy initially spurred his interest in collecting bronze and marble sculptures from ancient Greece and Rome (his favorite was the Lansdowne Herakles, on view at the Getty Villa). An extended stay in a New York City penthouse furnished with 18th-century French furniture made him a passionate admirer of decorative arts. He explained:

The drama, adventure and thrills one experiences when one succeeds in acquiring a superb chair, divan, desk, or other piece of furniture that is not only an outstanding piece of art, but was once used by a King of France, a Marie Antoinette, or a Pompadour. Believe me, history and its great figures do come to life.

Little-known fact: Getty collected some 20th-century art. In 1933 he purchased 10 paintings by the Spanish ImpressionistJoaquín Sorolla y Bastida, attracted by the way they depicted sunlight.

He never visited the Getty Villa or the Getty Center.

Getty bought 64 acres of property in Malibu (now Pacific Palisades) in 1945, which included a ranch-style home. He converted that house into a two-story Spanish-style residence, including galleries to display his art collection. He used it for weekend getaways.

In 1954 the galleries of the Ranch House were opened to the public as the original J. Paul Getty Museum. Later, as his collection began to outgrow the Ranch House, he decided to build a major museum on his Malibu property, one that would be a replica of an ancient Roman villa. Primarily inspired by the Villa dei Papiri in Herculaneum, Italy, the Villa’s design draws on elements from other ancient villas as well.

Getty was deeply involved with the development of the museum at the Ranch House and the larger site that became known as the Villa. For instance, he approved all museum acquisitions until his death in 1976. But he never set foot in the J. Paul Getty Museum as an institution open to the public. With his business interests centered in the Middle East, Getty stayed abroad and never returned to California after 1951. (He settled permanently in England, at an estate named Sutton Place, in 1959.) As he refused to fly—the result of enduring a harrowing flight from St. Louis to Tulsa in 1942—he was deterred from returning because of the length of time it took to travel from Europe to California by ship and rail.

As for the Getty Center, Getty was not directly involved in its establishment. Following his death, his will revealed that he’d left the bulk of his fortune to the J. Paul Getty Museum Trust, which had the broad mission to support “the diffusion of artistic and general knowledge.” The board of trustees and museum staff then faced the challenge of figuring out how to use the museum’s enormous endowment to serve that mission. Research and discussion with experts throughout the international art world helped them chart a direction for the renamed J. Paul Getty Trust, which created programs for supporting art exhibition, conservation, research, and education, and built the Getty Center in Brentwood.

Little-known fact: Before Getty commissioned a villa for his property in Malibu, he bought a couple in Italy: La Posta Vecchia at Palo, Ladispoli, and a villa on the island of Gaiola, just off the coast of Naples. In the process of rebuilding La Posta Vecchia, which was in ruins when Getty purchased it, ancient Roman ruins were found and Getty had a small museum built on-site to showcase them. Today the villa is a luxury hotel; the museum is open to registered guests and visitors by appointment.

Currently, you can see nearly a third—about 100 objects—of J. Paul Getty’s personal collection across the Getty Center and the Getty Villa.

Getty collected in specific areas of art, limiting his acquisitions to schools “that [he] liked best and interested [him] most,” and that satisfied his desire to “own a few choice pieces [rather] than amass an agglomeration of second-rate items.” These areas were: “Greek and Roman marbles and bronzes; Renaissance paintings; 16th-century Persian carpets; Savonnerie carpets and 18th-century French furniture and tapestries.”

The Getty Museum’s collection has since expanded to also include manuscripts, drawings, and photography. And the newer Getty Research Institute, founded in 1985, collects in a vast variety of areas including historic archives, artists’ books and letters, prints, rare books, and photographs. But Getty’s personal influence on the collection is still apparent in our galleries. Next time you’re at the Getty Center, check out a mobile tour that highlights 11 artworks from each of Getty’s favored collecting areas that he acquired during his life.

Getty really did have a payphone installed at Sutton Place, his home outside London—but not exactly for the reason you might think.

Getty is notorious for being cheap, likely largely because of this anecdote. In his autobiography, he recounts the story behind “the World’s Most Famous Coin-Box Telephone,” and offers the reason for it was fiscal responsibility rather than miserliness. (You can find Getty’s account on pages 316–18 of As I See It.)Getty explains that he did not own Sutton Place; it was the property of Getty Oil and its stakeholders. The payphone was installed during the period of renovation of the mansion, after the estate manager discovered soaring telephone bills that appeared to be the result of long-distance and overseas calls made by the many people passing through the premises. A payphone was installed in “a smallish, but easily accessible, room on the ground floor of the house,” and—what is more—“special dial-locking devices were placed on each of the half-dozen or more regular telephone instruments located in various parts of the house.” The locks and payphone were removed after about 18 months.

Want to learn more?

  • For the details on Getty’s life in his own words, check out his autobiography: As I See It.
  • For a sample of Getty’s thoughts on art, see The Joys of Collecting.
  • Want to know more about the development of the Getty Center or Villa? Take a look into our Institutional Archives, and see Inside the Getty and the Guide to the Getty Villa.
The Never-Boring Life of J. Paul Getty, World's Richest Man (2024)

FAQs

Was J. Paul Getty ever the richest man in the world? ›

A native of Minneapolis, he was the son of pioneer oilman George Getty. In 1957, Fortune magazine named him the wealthiest living American, while the 1966 Guinness Book of Records declared him the world's wealthiest private citizen, worth an estimated $1.2 billion (approximately $8.6 billion in 2023).

How much money did J. Paul Getty have when he died? ›

An avid collector, his penchant for antiquities and art was later displayed in the J. Paul Getty Museum, in LA, and he left around $66million (£463.3million) to the museum after his death. At the time of his death, in 1976, he is thought to have been worth $6billion (£4.2billion).

Is the getty family still rich? ›

Paul officially founded the Getty Oil Company in 1942. Forbes placed the family's net worth at $4.5 billion in 2015. Like the Kennedys, the Getty family tree is laced with tragedies throughout—the most notorious of which remains the 1973 kidnapping for ransom of J.

What was Getty's famous quote? ›

The meek shall inherit the Earth, but not its mineral rights. J. Paul Getty, an American industrialist and billionaire, famously stated, "The meek shall inherit the Earth, but not its mineral rights." This quote highlights Getty's belief in the importance of assertiveness and ambition in the modern world.

Who did Getty leave his money too? ›

So, did Getty leave some of his fortune to his mistresses, as he proposed at the beginning of Trust? He sure did. Getty left money and shares of Getty oil stock to 12 women who he knew from various points in his life — many of whom were lovers. Four of the women lived in California, and the other eight lived in Europe.

Who controls the Getty fortune today? ›

Gordon Getty is a classical music composer, economic theorist, businessman and heir to the fortune started by his grandfather, George Getty, and built into a multi-billion-dollar empire by his father, J. Paul Getty.

How was Paul Getty paralyzed? ›

In 1981, he drank a Valium, methadone, and alcohol co*cktail which caused liver failure and a stroke, leaving him quadriplegic, partially blind, and unable to speak. Afterwards, his mother cared for him, and she sued his father for $28,000 a month to cover his medical needs.

Is Getty Oil still in business? ›

Getty Petroleum filed for bankruptcy protection (Chapter 11) on December 5, 2011. At one point, Getty Oil owned a majority stake of ESPN, before Getty's purchase by Texaco which then sold ESPN to ABC in 1984.

How many girlfriends did Paul getty have? ›

By age 61, Getty had compiled a list of 100 lovers he remembered affectionately, according to Robert Lenzner's The Great Getty. Savvy businessman that he was, Getty also allegedly presented women with a document before having sex that absolved him from any financial responsibility should they became pregnant.

Who owns getty images now? ›

Getty Images
Company typePublic
Total equityUS$681 million (2023)
OwnerGetty family (36.7%)
Number of employeesc. 1,700 (2023)
DivisionsGetty Productions
18 more rows

What are the gettys worth today? ›

Forbes puts the family fortune at $5 billion, which makes it America's 54th richest family. Its richest member today is philanthropist Gordon Getty, 81, worth an estimated $2.1 billion. His son Andrew was discovered dead Tuesday in his Los Angeles home. Gordon Getty was the son of the family's most famous member, J.

What is the tragedy of the Getty family? ›

Nothing exhibited his relationship to money more than his management of a family tragedy. In 1973, his sixteen-year-old grandson, John Paul Getty III, who had left school to be a painter in Rome, was kidnapped by Calabrian gangsters, who stashed him in the mountains and demanded $17 million for his safe return.

What happened to John Paul Getty's fortune when he died? ›

After J. Paul Getty's death in 1976, Gordon assumed control of Getty's $3billion (£2.1billion) trust. According to Forbes 400, in September 2011 his net worth was $2billion (£1.4billion), ranking him number 212 on the list of wealthy Americans. His son Andrew, died aged just 47 in 2015 of intestinal bleeding.

Why was Getty so rich? ›

J. Paul Getty was one of America's most successful oilmen who was, if anything, an even more successful art collector. Getty acquired a number of oil companies before discovering and mining major oil deposits in Saudi Arabia, a feat which made him for some years the richest living American.

What happened to Balthazar Getty's father? ›

(The father, known as Paul Getty, died in 2003.) After a near-fatal, drug-induced stroke in 1981, J. Paul Getty III was left partially paralyzed and nearly blind.

Who was the billionaire who refused to pay the ransom? ›

Paul Getty, who became the richest man in the world in 1957, had initially refused to pay his 16-year-old grandson's $17 million ransom but finally agreed to cooperate after the boy's severed right ear was sent to a newspaper in Rome.

Who was the richest person in the world in 1976? ›

Paul Getty was widely believed to be the richest man in the world when he died in 1976, worth about $2 billion. Today, Bill Gates is the world's richest citizen, worth $73 billion. So, in the 37 years from 1976 to 2013, the wealth of the world's richest person grew 36.5-times over, or 10.2% per year.

Did they ever find the getty kidnappers? ›

Nine of Getty's kidnappers were apprehended, but only two were ever convicted and sent to prison; most of the ransom money that was paid, was never recovered. Getty was severely traumatized by his ordeal and he spiraled downwards into alcohol and drug addiction.

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