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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 28, 1960)
J. Paul Getty x A billionaire (perhaps twice over). who claims a billion dollars isn't nearly as much as it used to be, this Minneapolis-born oil baron had made his first million by the age of 24. He controls more than 50 companies but says, "The fun is not in having money, but in making it" Getty hates offices and formerly worked out of hotel rooms and telephone booths in Paris and London. But because "if your name is Getty, you can't expect to be allowed to live in a hotel for less than $100 a day," the frugal money-maker recently picked up a four-century-old Tudor manor (34 bed rooms, 14 bathrooms, 200 acres) for more than $1 million. Every day from all over the globe, he receives letters appealing for money, any where from $1 million "to build a factory" to $50 "to buy a wife." Getty himself has had five wives, four divorces, and is separated from his fifth mate. Arthur Vining Davis . After being graduated Phi Beta Kappa from Amherst in 1888, he went to Pitts burgh to take his first job, which had been solicited for him by his father, a Congre . gational minister. The job turned out to be in the then-infant aluminum industry, and Davis grew with it, becoming board chairman of the Aluminum Company of America. Now 92, he also is a director of several other companies, has offices in Pittsburgh, New York, and Miami and is said to be worth about $400 million. Flor ida has been Davis' special preoccupation for the last 10 years, during which he has acquired and developed large areas around Tallahassee, St. Augustine, Miami, and Boca Raton. A widower with no children, Davis calls his estate at Coral Gables, "Journey's End," but there seems to be no end to his energy. ' . - - J t V Family Weelcly February 28, 1960 Stavros Spyros Niarchos i In his native Greek, Niarchos means "master of ships," and Stavros Spyros lives up to his name. He has about 2,700 oil tank ers, as well as the largest privately owned sailing ship in the world, the 700-ton yacht Creole. With an estimated fortune of $400 million, Niarchos maintains homes in New York, London, Bermuda, Paris, and the Riviera which are adorned with an art collection worth mil lions. He dabbles in antiques, horses, automobiles (four), and speedboats (eight), but is particu larly partial to swimming and wa ter skiing in the Mediterranean. He also keeps a twin-engine plane handy should a quick business trip become necessary. The Nizam of Hyderabad Usman Aii Stripped of his princely power when India won independence, the Nizam still possesses an estimated fortune of $2 billion. But his an nual income is down from $50 mil lion to a paltry $2 million on which he pays 96 percent tax so he limits himself to $20 a month spending money. In a further effort to make ends meet, he uses a re modeled 1934 Ford and has only a cot and table in his 10-by-12-foot bedroom. The Nizam has three wives, 42 concubines, 33 children, and hundreds of servants. Such -famous jewels as the $4-million Jacob diamond have been his play things, and gold bars from his pri vate mines have been neatly stacked in his garden. The Richest Men in the World Some stingy, some shy, they've got money by the hundreds of millions and, in some cases, troubles to match by JERRY KLEIN The men whose faces you see here comprise the most exclu- sive group in the world. Membership in this unique "Society of Ten" is not necessarily based on talent, sagacity, or social standing though these qualities may be found among the members but on cold cash. For these are believed to be the 10 richest men in the world. Eight of these individuals derive their wealth from oil, either drilling, shipping, or refining the "black gold." Five of them started out in life "oil-rich" by accident of birth. Only four may be considered self-made successes. Adding up the columns of figures which reflect their for tunes, these men would admit they can have anything in the world that money can buy. But whether money equals happi ness is a problem to which the arithmetic of life gives no certain answer. 6 Family Weekly, February 2S, 1960
