In 1973, 16-year-old John Paul Getty III, grandson of billionaire oil tycoon J. Paul Getty, was kidnapped in Rome. The kidnappers demanded $17 million, but his grandfather initially refused, suspecting the abduction might be a hoax. The situation escalated dramatically when the kidnappers mailed the boy’s severed ear to a newspaper. Only then did Getty agree to pay a portion — $2.2 million — and loaned the rest to the boy’s father with interest. John Paul was eventually released after five month
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In 1973, billionaire J. Paul Getty refused to pay $17M for his kidnapped grandson. After the boy’s ear was cut off, he paid $2.2M (the tax-deductible max) and loaned the rest to his son with 4% interest. He justified it by saying, “If I pay one penny now, I’ll have 14 kidnapped grandchildren.” John Paul Getty III, the 16-year-old grandson of oil tycoon J. Paul Getty, was kidnapped in Rome in July 1973 by a group linked to the Italian mafia. The abductors initially demanded $17 million, but Getty
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