“Seek advice on risk from the wealthy who still take risks, not friends who dare nothing more than a football bet.” – Jean Paul Getty
Founder of Getty Oil Company and 1966 Guinness Book of Records richest person, Jean Paul Getty was an industrialist and an astute entrepreneur.
Thanks to some shrewd investments he was one of few to come out of the Great Depression on top and went on to build a business empire with controlling interests in nearly 200 companies.
Famous for being a miser, when his son was kidnapped with a $17 million ransom, Getty agreed to pay no more than $2.2 million - the maximum that would be tax deductible – and loaned his son the remaining $800,000 at 4% interest.
Related: How To Make Good Decisions Under Pressure
Dec 3, 2012
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