There are few true American dynasties. The Rockefellers, Mellons, Astors and DuPonts come to mind. The Gettys, too, are on that list. Founded by oil baron J. Paul Getty who moved under the radar until his “outing” as the richest American by fortune magazine in 1957, the subsequent four generations of his family have been in the spotlight, navigating fields from environmentalism to fashion to business, music, digital archives, arts, LGBTQ rights and politics. With five wives, the patriarch of the dynasty, J. Paul Getty, fathered four sons who lived to adulthood, and the family tree has flowered to some 19 grandchildren, 40 great-grandchildren and 15 great-great-grandchildren.
Family scandals and internal squabbles such as Getty’s son Gordon’s (unsuccessful) seven-year court challenge over the family trust in the 1960s and the kidnapping of his eldest grandson in 1973, as well as subsequent battles with drug addiction, depression, adultery and fights over the sale of Getty Oil have been tabloid fodder for years and led to talk of “The Getty Curse.” In the wake of the sale of the company in 1985 to Texaco for $10.1 billion—at that time the biggest corporate acquisition in history—$3 billion was partitioned into four separate trusts. Currently, the family’s combined net worth could be in the neighborhood of $20 billion, which will finally be divided among all the heirs upon the death of J. Paul Getty’s last living son—Gordon, currently 88.
This story is from the July 29, 2022 edition of Newsweek.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 29, 2022 edition of Newsweek.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Margo Martindale
Jamie Lee [Curtis, producer] called me and she says, \"Jamie Lee Curtis here. I have a project for you. And you're gonna do it.\"
Malala Yousafzai
\"AFGHANISTAN IS THE ONLY COUNTRY IN THE world where girls are banned from access to education and women are limited from work.\"
In the Eyes of the Law
Jude Law is unrecognizable as an FBI agent on the trail of aneo-Naziterrorist group in real-crime drama The Order
Gonzo Intelligence
Instead of keeping a low profile, Moscow's spies are embracing the limelight and even being welcomed home by Vladimir Putin after their cover is blown
House of Cards
Donald Trump faces negotiations between Saudi Arabia and the U.S. in his second term—could his legacy of normalizing ties between Israel and Arab nations be a help or hindrance?
AMERICA'S Most Responsible Companies 2025
IN THE FACE OF ISSUES LIKE CLIMATE CHANGE and wage inequality, consumers care about the impact of the businesses they interact with and companies are responding.
RULES OF ENGAGEMENT
THE WORKPLACE IS BECOMING A BATTLEGROUND OVER POLARIZED OPINIONS. BUSINESS LEADERS NEED TO GET BETTER AT MANAGING DISPUTES
John David Washington
FOR JOHN DAVID WASHINGTON, BRINGING NETFLIX'S THE PIANO LESSON (November 22) from stage to screen was a family affair.
A Walk in the Parks
Jim O'Heir shares his memories of the hit NBC mockumentary and its cast's hopes of a reunion
Philomena Cunk
PHILOMENA CUNK IS JUST AS SURPRISED AS anyone else at her own popularity.