J. Paul Getty

Jean Paul Getty Sr. (; December 15, 1892 – June 6, 1976) was an American-born British petroleum industrialist who founded the Getty Oil Company in 1942 and was the patriarch of the Getty family. 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 $ billion in ). At the time of his death, he was worth more than $6 billion (approximately $ billion in ). A book published in 1996 ranked him as the 67th wealthiest American who ever lived (based on his wealth as a percentage of the concurrent gross national product.) Getty is considered to have been frugal, notably negotiating his grandson's kidnapping ransom in 1973. He had five children and divorced five times. Getty was an avid collector of art and antiquities. His collection formed the basis of the J. Paul Getty Museum in Los Angeles; more than $661 million of his estate was left to the museum after his death. He established the J. Paul Getty Trust in 1953. The trust, which is the world's wealthiest art institution, operates the J. Paul Getty Museum Complexes: the Getty Center, the Getty Villa and the Getty Foundation, the Getty Research Institute, as well as the Getty Conservation Institute. Early life and education Getty was born in Minneapolis, Minnesota, to Sarah Catherine McPherson (Risher) and George Getty, who was an attorney in the insurance industry. Getty was raised as a Methodist by his parents; his father was a devout Christian Scientist, and both were strict teetotalers. He was of part Scottish descent. In 1903, when Getty was 10 years old, George Getty traveled to Bartlesville, Oklahoma, and bought the mineral rights for 1,100 acres of land. The Getty family subsequently moved to Bartlesville, where J. Paul Getty attended the Garfield School. Within a few years Getty had established wells on the land that were producing 100,000 barrels of crude oil a month. As newly minted millionaires, the family moved to Los Angeles but J. Paul Getty later returned to Oklahoma. At age 14, Getty attended Harvard Military School for a year, followed by Polytechnic High School, where he was given the nickname "Dictionary Getty" because of his love of reading. He became fluent in French, German and Italian and conversational in Spanish, Greek, Arabic and Russian.