J. Paul Getty Quotes


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In most countries, most of the rich people have inherited their wealth. America, with its very low inheritance taxes, produces many rich people who inherit their wealth, but there is so much opportunity even more people are able to create their own fortunes. Both sets of rich people constitute a very small proportion of the American population.


J. Paul Getty
J. Paul Getty
  • Born: December 15, 1892
  • Died: June 6, 1976
  • Nationality: American
  • Profession: Businessman

Jean Paul Getty, known widely as J. Paul Getty, was an American-born British petrol-industrialist, and the patriarch of the Getty family. He founded the Getty Oil Company, and in 1957, Fortune magazine named him the richest living American, while the 1966 Guinness Book of Records named him as the world's richest private citizen, worth an estimated $1.2 billion (approx. $7.4 billion in 2019). At his death, he was worth more than $6 billion (approximately $21 billion in 2019). A book published in 1996 ranked him as the 67th richest American who ever lived, based on his wealth as a percentage of the concurrent gross national product.