Summary of How to Be Rich
Copyright © 1965 by Playboy.
Used by arrangement with Penguin Group (USA), Inc.
J. Paul Getty was a billionaire with principles who knew the difference between being rich and being wealthy.
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; and
- How to be an effective executive and leader.
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