J. Paul Gettys grandson William Paul Getty scoops up $20M Dallas mansion

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.T...