When 16 year old John Paul Getty III was kidnapped in 1973, his billionaire grandfather refused to pay $17 million ransom. After the kidnappers mailed Getty’s ear to a newspaper, his grandfather only agreed to pay $2.2 million because that was the maximum amount that was tax deductible.
He loaned an additional $700,000 to his son (the kidnapped kid’s father) under the conditions that he would repay him with 4% interest. Talk about an awesome grandpa, right?
Source: Weird Facts