Andrew Carnegie Net Worth

Andrew Carnegie Net Worth $310 billion (In today's terms)

Andrew Carnegie was a Scottish-American who led the expansion of the American steel industry in the late 19th century. He was also one of the most notorious philanthropists of his era. "The Gospel of Wealth", an article written by Carnegie in 1889, asked the rich to use their affluence to improve society. His story as one of America‚Äôs most important industrialists starts when he was 13 years old, when he began working in a cotton factory. 

andrew carnegie

He was self-taught; he educated himself reading library books as he was ascended, from being a Western Union messenger boy, to telegraph operator. He later worked a series of jobs that would lead him to be superintendent of the Western Division of the Pennsylvania Railroad. Andrew invested in a new company, a manufacturer of railway sleeping cars, while still employed by the Railroad. He would later expand his ventures to include the building of bridges, rails and locomotives, and organized the first of his many companies, the Keystone Bridge Company, in 1865. Carnegie's companies were founded as partnerships (not as closely held stock corporations) and attracted young men and associates with exceptional talent for organization management. 

carnegie

His steel company prospered; Carnegie Company was valued at more than $400 million when Carnegie sold the company to J.P. Morgan in 1901. At the peak of the steel boom, Carnegie invested in steel companies which resulted in very successful business ventures and eventually became the head of US Steel Industry. Andrew Carnegie was worth $310 billion at the time of his death in 1919, making him the 2nd richest man to ever live in America.

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References:

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