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How to Be Rich
Book

How to Be Rich

His Formulas

J.P. Getty
Jove, 1986
First Edition: 1965

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Editorial Rating

9

Qualities

  • Innovative
  • Applicable

Recommendation

According to John Paul 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 get-rich-quick schemes that funded many 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. Getty offers timeless knowledge, enduring business advice and a refreshing perspective in this inspirational business biography.

Take-Aways

  • J. Paul Getty struck his first oil well in 1915 and sold the lease for $15,000.
  • He and his father formed the Getty Oil Company in 1916; the young Getty got 30% of the stock.
  • By age 24, Getty was a millionaire and ready to retire.

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.

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