Getty Oil - Wikipedia
Starting in 1949, J. Paul Getty negotiated a 30-year concession in the neutral zone between Saudi Arabia and Kuwait. Gordon Getty and his family inherited a 40% interest in the company when J. Paul Getty died in 1976.
The Getty Family: A Cautionary Tale of Oil, Adultery, And Death
2015年4月23日 · In 1957, J. Paul Getty was on top of the world, sitting on a ten-digit fortune, having struck oil in the Neutral Zone between Saudi Arabia and Kuwait.
J. Paul Getty - Philanthropy Roundtable
J. Paul Getty was one of America’s most successful oilmen who was, if anything, an even more successful art collector. Getty acquired a number of oil companies before discovering and mining major oil deposits in Saudi Arabia, a feat which made him …
J. Paul Getty - US Saudi Business
Getty and the Saudi Arabian oil concession. In 1948-1949, J. Paul Getty purchased an oil concession from Abdulaziz bin Abdul Rahman Al Saud, king of Saudi Arabia. Getty paid $9.5 million in cash, guaranteed $1 million a year, and a royalty of 55 cents a barrel.
J. Paul Getty’s Changed Plans - Fortune
Getty had production and a refinery in the Neutral Zone between Saudi Arabia and Kuwait, another refinery in Italy, a wholesale marketing organization in Europe, and crude-oil markets,...
The Never-Boring Life of J. Paul Getty, World’s Richest Man
2016年10月18日 · In the late 1940s, he negotiated a 30-year oil concession in the “Neutral Zone” between Saudi Arabia and Kuwait, meaning Getty Oil had exclusive rights to prospect for oil in the area. This was a huge risk at the time—oil had never been found there—and it paid off magnificently in the 1950s.
J. Paul Getty | Oil Tycoon, Business Magnate, Philanthropist ...
His most lucrative venture was a 60-year oil concession that he obtained in Saudi Arabia in 1949, the profits from which vaulted him into the billionaire class during the mid-1950s. A man of eccentric personal habits, Getty was married and divorced five times.
J. Paul Getty Biography - life, family, childhood, name ...
After World War II (1939–45), Getty took a gamble on oil rights in the Middle East. In 1949 he secured the oil rights in Saudi Arabia's half of the Neutral Zone, a barren area between Saudi Arabia and Kuwait. He made major deals with King Saud (c. …
J. Paul Getty - New World Encyclopedia
In 1949, Getty purchased rights to drill oil on a seemingly barren piece of land in Saudi Arabia. He initially spent over $30 million in investments, but was able to find the huge oil deposits which eventually made him a billionaire.
Jean Paul Getty - Leadership - Harvard Business School
In 1949, the daring Getty paid $9.5 million for a sixty-year concession in Saudi Arabia’s half of the neutral barren tract lying between Saudi Arabia and Kuwait. After an initial investment of $30 million, Getty’s speculation paid off. He found enormous quantities of oil in the tract, which came to produce over 16 million barrels of oil per ...
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