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William Paul Getty, the grandson of oil magnate J. Paul Getty, and his wife Vanessa have scooped up a nearly $20 million Dallas mansion as the billionaire heir sets his sights on expanding his business interests in Texas.
The couple purchased the sprawling Crescent Avenue estate in ritzy Highland Park in June, according to deed records reported by The Real Deal — adding another trophy property to the Getty family’s impressive real estate portfolio.
But the move doesn’t mean the couple is giving up its West Coast roots.
“Mr. Getty is in the process of opening an office in Dallas. Billy and Vanessa have spent and plan to continue to spend a great deal of time there. Billy has been looking to further expand his portfolio and is excited about the business opportunities in Texas,” a spokesperson for the Gettys told the California Post.
The timing of the move is interesting, considering so many ultra-wealthy Californians are leaving the state as the possibility of the billionaire tax looms. However, the couple still has a home in the Golden State.
“The Gettys have not sold either their San Francisco or Hawaii properties,” the spokesperson added.
William Getty — also known as Billy — is the son of Gordon Getty. California Governor Gavin Newsom grew up among the four sons of Gordon.
Newsom claimed in his memoir that his friendship with Billy collapsed over Billy’s resentment of Newsom’s close financial and personal ties to Gordon, who ultimately sided with Newsom.
Their new 11,400-square-foot spread, which was most recently listed for just under $20 million, sits on a half-acre in Highland Park and comes with seven bedrooms and nine-and-a-half bathrooms, per the outlet.
The Mediterranean-style mansion also packs in a temperature-controlled wine cellar, media theater and game room, along with a five-car garage and a pool with water features.
Highland Park is at the heart of a booming Dallas luxury market that has helped make the area a magnet for wealthy buyers.
The home was reportedly sold by José Roberto Quiroz Mata and his wife, María Isabel Mata Torrallardona, who both sit on the board of Dallas-based Grupo Bimbo Bakeries, the company behind brands including Little Bites, Takis and Entenmann’s.
Meanwhile, Getty’s father, Gordon Getty, sold his famed Greco-Roman “Temple of Wings” mansion in Berkeley, California, for $5 million in 2024, while heiress Aileen Getty parted with her $14.1 million Malibu home in 2017 before heading for New York City.
The family’s vast fortune dates back to J. Paul Getty, who founded Getty Oil in 1942, which was later acquired by Texaco in 1984.
Vanessa Getty — a San Francisco socialite and philanthropist — made headlines for a different reason last year when she was accused of crashing her Porsche Taycan into a parked Mercedes while looking for her glasses.
Mary Riley, the senior who was allegedly injured in the San Francisco collision, claimed she suffered a traumatic brain injury and is suing Getty for unspecified damages.
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