The Getty Villa in Pacific Palisades, California, is owned and operated by the J. Paul Getty Trust, a non-profit institution founded by oil magnate J. Paul Getty. It is one of two locations of the J. Paul Getty Museum, with the Trust overseeing the collection, the Villa itself, and the neighboring Getty Center.
When billionaire oilman and art patron J. Paul Getty opened the Getty Villa in 1974, he made his vast collection of Classical and Renaissance-era artworks available for public viewing. While the collection was met with rave reviews, opinions about the building that housed them were decidedly mixed.
Getty is a member of one of the richest – and most private – families in the country. While her personal net worth is unknown, Forbes estimated the Getty family's fortune as a whole to be US$5.4 billion in 2015. Here's what we know about Ivy Getty's life and the fortune she is set to inherit.
Notable properties just outside the Top 10 include LACMA (12th, $622 million), The Getty Villa (15th, $496 million), Westfield Century City (18th, $478 million) and The Beverly Center (19th, $477 million).
Getty Trust, private operating foundation that was founded by the American oil billionaire J. Paul Getty in 1953 for the purpose of establishing the J. Paul Getty Museum, which opened to the public in 1954.
Getty was an avid collector of art and antiquities. His collection formed the basis of the J. Paul Getty Museum in Los Angeles; more than $661 million of his estate was left to the museum after his death. He established the J. Paul Getty Trust in 1953.
Scorched Stumps and Spotless Art at the Reopened Getty Villa. Although the museum's artwork was unscathed, roughly 1,400 trees on the property burned during the Palisades fire. Visible traces of the devastation are intentional.
Paul Getty. Jean Paul Getty, born in 1892, was an influential American oil tycoon and art collector whose business acumen made him one of the wealthiest individuals of his time. He began his journey in the oil industry in Oklahoma, leveraging family resources to establish his own company.
Paul Getty initially refused to pay for the teenager's release. The oil tycoon agreed to turn over $2.2 million several months later and only after the kidnappers severed the boy's ear and mailed it to the family. (J. Paul Getty Jr., the teen's dad, paid an additional sum, which he borrowed from Getty Sr.)
Paul Getty died in 1976, he was worth an estimated $6 billion — or around $25 billion today. But he was notoriously frugal throughout his life, right until the end.
You know, up at the villa itself, the buildings are of super high-rated fire resistive construction. We've got double-walled structures. There's really, really significant protection for the galleries kind of hardwired into the design of the buildings.
Ivy Getty is the great-granddaughter of American oil tycoon and industrialist Jean Paul Getty. She is also an heiress to the family's vast fortune, once valued at $5.4 billion.
How many people died in the 1991 Oakland Hills fire?
The fire had destroyed 2,843 single-family dwellings and 437 apartment and condominium units while leaving an area of 1,520 acres burned. 25 people were confirmed dead, and more than 150 persons were injured. The cost of the disaster was placed at $1.5 billion in 1991, equivalent to $2.56 billion in 2020 dollars.
Villa Aurora serves as an artists' retreat offering residency fellowships for German-based writers, visual artists, composers, and filmmakers. The villa is still owned by the Berlin-based non-profit, but is funded by the German Federal Foreign Office and the Federal Government Commissioner for Culture and the Media.
In 1971, the Getty Realty division was formed to manage the real estate needs of Getty stations. The division was later spun off, but now owns the rights to the Getty brand. In 1984, Texaco bought Getty Oil of Tulsa, Oklahoma.
Alas, the major events in All the Money in the World—written by David Scarpa, based on John Pearson's 1995 book Painfully Rich: The Outrageous Fortune and Misfortunes of the Heirs of J. Paul Getty—are rooted in truth.
