Jean Paul Getty is popularly remembered as the world’s first billionaire and independent oil producer. Son of an oil merchant, George Getty, young Jean took to business at an early age. He learned the tricks of the trade while working as an unskilled labourer at his father’s oil company. No sooner, he started a business of his own, and within two years, became a millionaire. However, he did not continue in the same and went into a period of self-exile for two years to live life as a Los Angeles playboy only to return in 1919 to the oil business. He worked hard in the 1920, building his father’s company to become a self-sufficient oil company, dealing in oil drilling, transporting and selling. It was his shrewd sense of business and risk-taking capabilities that helped him double the fortune of his personal wealth and expand the company to broader horizons. His sharp business acumen led to 200 acquisitions of different oil companies of the world into Getty Oil Corporation. In 1957, he was named as the richest living American by the Fortune magazine. Nine years later, he got himself inducted into the Guinness Book of World Records by becoming the world's richest private citizen, worth an estimated $1.2 billion. Despite huge profits and greatly amassed wealth, he was a miser and did not indulge in philanthropic activities.