

How to be RICH (by Billionaire J. Paul Getty)
8 snips Aug 28, 2024
J. Paul Getty, a billionaire known for his wisdom on wealth and success, challenges traditional views on money. He argues that business isn't just a cash machine but an art form requiring hands-on engagement. Getty emphasizes the importance of active leadership and taking responsibility. He also dives into the complexities of wealth, questioning its true value in enriching life. The discussion covers essential traits for resilience in business, the role of culture, and the importance of instilling values in future generations.
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Business as Art
- Think of business as an art form, contributing to the world's economy.
- Being productive in business offers more long-term fulfillment than leisure.
Getty's Early Retirement
- J. Paul Getty retired at 24, indulged in a lavish lifestyle, but found it empty.
- He returned to the oil business at 26, realizing true satisfaction comes from productivity.
The Working Businessman
- Be a "working businessman" and stay actively involved in your business, even with a CEO.
- Provide vision, values, and drive the company forward; don't be a passive owner.