J. Paul Getty's father loaned him money to start a business but took 70% of the profits, leaving Getty only 30%. The arrangement was meant to teach the oil magnate's son that wealth alone doesn't build character, and that earning success matters more than inheriting it.
J. Paul Getty, who was the richest man in the world for a period of time, and he was also an oil tycoon. They were wealthy growing up. When J. Paul Getty wanted to start his business, his father's like, okay, I'm gonna give you a loan, but I'm gonna take 70% of the profit. You're gonna take 30%. He would never really just give him everything. He wanted his son to learn the value of hard work.
