J. Paul Getty Quotes
You must take risks, both with your own money or with borrowed money. Risk taking is essential to business growth.
Getty, J. Paul. How to Be Rich. Playboy Press, 1965.
Trump as a business man was notorious for setting up business deals where his partners would put up the money. If the enterprise failed the partners were at risk and lost their money while either did not or lost very little. If money was made, however, he took a large share. He not only did this many times but actually admitted it and bragged about his ability to do that. Incredibly enough he even extended this technique to his charity giving. The vast majority of the money he did good things with through his foundation came from other people. There were many years where he gave not a penny to his own foundation, but gave away and took the credit for what was done with other people’s money. The recipients of the foundations grants mostly assumed that Trump was being generous with his own money, and he never disabused them.
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.
