Summary of How to Be Rich

His Formulas

First Edition: 1965 more...

Buy the book

How to Be Rich book summary
J. Paul Getty was a billionaire with principles who knew the difference between being rich and being wealthy.


9 Overall

8 Applicability

8 Innovation

9 Style


Move over, Donald Trump. Your version of wealth – being flashy, gaudy, arrogant and boisterous – is not what billionaire J. Paul Getty had in mind. Getty was a principled man who advocated cooperating with labor unions and working to improve society. According to Getty, being “rich” comes with the responsibility of having good character and a positive attitude. He wrote this book in 1960, before financial engineering and leverage emerged, thus enabling the get-rich-quick schemes that funded many selfish, easy-money multimillionaires. From his era’s vantage point, Getty discusses new management techniques, the quest for status, and the difference between being rich and being wealthy. getAbstract recognizes the timeless value of Getty’s knowledge and the enduring applicability of his business advice. He offers a refreshing perspective in this inspirational business biography.

In this summary, you will learn

  • Which principles John Paul Getty followed to become a billionaire
  • What were his 10 rules for building a successful business
  • How to be an effective executive and leader


Building the Business
As J. Paul Getty first discovered oil in Stone Bluff, Oklahoma, in 1916, he was so excited about the potential strike that he decided to retreat to the nearest city, Tulsa, to await updates. He didn’t want his intolerable fever pitch excitement to make him a “hindrance...
Get the key points from this book in less than 10 minutes. Learn more about our products or log in

About the Author

In 1957, Fortune magazine named J. Paul Getty, owner of Getty Oil, as “The World’s Richest Man.” He lived and worked in England from the 1950s until his death in 1976.

Comment on this summary

More on this topic

Customers who read this summary also read

More by category