J. Paul Getty Biography
| Born as | Jean Paul Getty |
| Known as | Jean Paul Getty Sr. |
| Occup. | Businessman |
| From | USA |
| Born | December 15, 1892
Minneapolis, Minnesota, USA |
| Died | June 6, 1976
Woking, Surrey, England |
| Aged | 83 years |
Early Life
Jean
Paul Getty was born upon December 15, 1892, in Minneapolis, Minnesota, USA, to George Franklin Getty and Sarah Catherine Risher. He was the youngest of three kids and originated from a Scottish and English origins. His dad started off as an attorney, but later found success in the oil company during the Oklahoma petroleum boom.
Maturing, Getty attended various independent schools prior to registering at the Polytechnic School in Los Angeles. It was during these early years that Getty showed a keen interest in service, purchasing stocks and shares while still studying. He eventually went on to study at the University of Southern California, followed by the University of California, Berkeley, and lastly graduating from Oxford University with a degree in Economics and Political Science in 1914.
Early Career
Upon returning to the United States in 1914, Getty went into the oil business, following in his father's steps. He started by purchasing a lease of land in Oklahoma and striking oil on the property. By the age of 23, Getty had developed a group of little oil business producing nearly $1 million worth of oil each year.
In 1917, when the United States entered World War I, Getty joined the Navy to serve his nation. He operated in the intelligence department and continued his business interests by using his contacts to purchase and sell oil leases. After the war, Getty went back to his oil services, combining them into a single business - the Getty Oil Company.
Increase to Success
In the 1920s and 1930s, Getty's acquisitions and company ventures in the oil industry made him a very wealthy guy. He concentrated on purchasing up having a hard time oil business and turning them around for profit, earning him a track record as a wise and calculating businessman. In 1942, he completed his most considerable acquisition yet, purchasing a majority interest in the Pacific Western Oil Corporation, which controlled the largest oil reserves in California.
Over the following years, Getty continued to invest in the oil market, eventually forming the Getty Oil Company as a holding operation for his different endeavors. By the 1950s, the company had turned into one of the biggest oil manufacturers in the world, with operations in North America, Africa, and Europe.
ISMARAD Incident
Among Getty's most critical company relocations was available in 1953 when he took a threat by buying the oil drilling rights in Saudi Arabia from the Arabian American Oil Company (ARAMCO). The venture settled when, in 1957, his company found the ISMARAD oil field, which turned out to be one of the most significant oil fields ever discovered. This discovery considerably increased Getty's wealth and sealed his position as one of the wealthiest guys in the world.
Personal Life
Getty's personal life was filled with turmoil and controversy. He wed and divorced 5 times, and his relationships with his 5 children were frequently stretched. Despite his remarkable wealth, he had a reputation for saving, notoriously setting up payphones in his English mansion for guests to utilize.
Getty wanted art, developing a substantial collection over his life time. In 1953, he established the J.
Paul Getty Museum Trust to handle his huge collection, which ultimately caused the structure of the J.
Paul Getty Museum in Los Angeles, among the largest and most visited art museums in the United States.
Later Years and Legacy
As Getty aged, his health began to decline, and he spent much of his later years living in seclusion in his English estate. He died on June 6, 1976, at the age of 83. Upon his death, he left behind a large fortune, which he bestowed to the J.
Paul Getty Museum Trust, ensuring that his art collection would be available to the general public.
Today, J.
Paul Getty is kept in mind as one of the most successful and most affluent businessmen of the 20th century. While his personal life was stuffed with controversy and challenges, his influence on the oil industry and international commerce can not be downplayed. Furthermore, his lasting legacy as a philanthropist and art collector has actually enriched cultural life for generations to come.
Our collection contains 18 quotes who is written / told by Paul Getty, under the main topics:
Success -
Business -
Work -
Finance.
Related authors: Balthazar Getty (Actor), Jean Paul (Author), Paul Getty (Businessman), Lawrence Taylor (Athlete)
J. Paul Getty Famous Works:
Source / external links:
