George Getty
Encyclopedia
George Franklin Getty was an American
lawyer
, father of industrialist J. Paul Getty
and patriarch of the Getty family
.
where he specialised in insurance and corporate law and made a good living in what was the "flour capital" of America. In 1890 his first child, a daughter, died in a typhoid epidemic that hit the city. In 1892, the Gettys had another child, a son, Jean Paul Getty (later known as J. Paul Getty
).
In 1904 the Gettys moved, from Minnesota
to Oklahoma
, where George began a career as an independent oilman. Within two years, he had amassed a fortune from his Minnehoma Oil Company and moved his family to Los Angeles, California
. In 1913, George lent his son Jean Paul (then aged 21) money to invest in oil well
s. By 1915 Jean Paul had made his first million and the following year George and Jean Paul incorporated the Getty Oil Company, to become Getty Oil
later.
George never did approve of Jean Paul's lifestyle. Perhaps this is why he did not leave the company in the sole control of his son. George F. Getty died in 1930. He left his estate, valued at between $10 million and $15 million U.S., to his wife Sarah in the form of the controlling interest in the family firm; "George F. Getty, Inc.", although Jean Paul—J.P. Getty became President of the firm.
, was then donated to the city, and became the official residence
of the serving Mayor of Los Angeles
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
lawyer
Lawyer
A lawyer, according to Black's Law Dictionary, is "a person learned in the law; as an attorney, counsel or solicitor; a person who is practicing law." Law is the system of rules of conduct established by the sovereign government of a society to correct wrongs, maintain the stability of political...
, father of industrialist J. Paul Getty
J. Paul Getty
Jean Paul Getty was an American industrialist. He founded the Getty Oil Company, and in 1957 Fortune magazine named him the richest living American, whilst the 1966 Guinness Book of Records named him as the world's richest private citizen, worth an estimated $1,200 million. At his death, he was...
and patriarch of the Getty family
Getty family
The Getty family of the United States made its money in oil in the 20th century. As a family involved in the oil business, members of the Getty family identify with George Franklin Getty and his son Jean Paul Getty as their patriarchs...
.
George Franklin Getty
In 1884, George F. Getty moved to Minneapolis, MinnesotaMinneapolis, Minnesota
Minneapolis , nicknamed "City of Lakes" and the "Mill City," is the county seat of Hennepin County, the largest city in the U.S. state of Minnesota, and the 48th largest in the United States...
where he specialised in insurance and corporate law and made a good living in what was the "flour capital" of America. In 1890 his first child, a daughter, died in a typhoid epidemic that hit the city. In 1892, the Gettys had another child, a son, Jean Paul Getty (later known as J. Paul Getty
J. Paul Getty
Jean Paul Getty was an American industrialist. He founded the Getty Oil Company, and in 1957 Fortune magazine named him the richest living American, whilst the 1966 Guinness Book of Records named him as the world's richest private citizen, worth an estimated $1,200 million. At his death, he was...
).
In 1904 the Gettys moved, from Minnesota
Minnesota
Minnesota is a U.S. state located in the Midwestern United States. The twelfth largest state of the U.S., it is the twenty-first most populous, with 5.3 million residents. Minnesota was carved out of the eastern half of the Minnesota Territory and admitted to the Union as the thirty-second state...
to Oklahoma
Oklahoma
Oklahoma is a state located in the South Central region of the United States of America. With an estimated 3,751,351 residents as of the 2010 census and a land area of 68,667 square miles , Oklahoma is the 28th most populous and 20th-largest state...
, where George began a career as an independent oilman. Within two years, he had amassed a fortune from his Minnehoma Oil Company and moved his family to Los Angeles, California
Los Angeles, California
Los Angeles , with a population at the 2010 United States Census of 3,792,621, is the most populous city in California, USA and the second most populous in the United States, after New York City. It has an area of , and is located in Southern California...
. In 1913, George lent his son Jean Paul (then aged 21) money to invest in oil well
Oil well
An oil well is a general term for any boring through the earth's surface that is designed to find and acquire petroleum oil hydrocarbons. Usually some natural gas is produced along with the oil. A well that is designed to produce mainly or only gas may be termed a gas well.-History:The earliest...
s. By 1915 Jean Paul had made his first million and the following year George and Jean Paul incorporated the Getty Oil Company, to become Getty Oil
Getty Oil
Getty Oil is an oil company founded by J. Paul Getty. It was at its height during the 1960s. In 1971, the Getty Realty division was formed to manage the real estate needs of Getty stations. The division was later spun off, but now owns the rights to the Getty brand...
later.
George never did approve of Jean Paul's lifestyle. Perhaps this is why he did not leave the company in the sole control of his son. George F. Getty died in 1930. He left his estate, valued at between $10 million and $15 million U.S., to his wife Sarah in the form of the controlling interest in the family firm; "George F. Getty, Inc.", although Jean Paul—J.P. Getty became President of the firm.
George Getty
Jean Paul Getty's oldest son, George Franklin Getty's grandson, was named George Franklin Getty II (1924–1973), and was an executive in the Getty Oil company until his death. His residence, Getty HouseGetty House
The Getty House is the official residence of the mayor of Los Angeles. It is located at 605 S. Irving Boulevard in Windsor Square, a historic district located on the east of the Hancock Park district, and located approximately five miles west of Los Angeles City Hall. California.-History:Getty...
, was then donated to the city, and became the official residence
Official residence
An official residence is the residence at which heads of state, heads of government, gubernatorial or other senior figures officially reside...
of the serving Mayor of Los Angeles
Mayor of Los Angeles, California
The mayor of Los Angeles is the chief executive officer of the city. He is elected for a four-year term and limited to serving no more than two terms. Under the California Constitution, all judicial, school, county, and city offices, including those of chartered cities, are nonpartisan...
.