Andrew Carnegie

@Businessman, Family and Childhood ★ ★ ★ ★ ★ Andrew Carnegie was a famous businessman and philanthropist and one of the richest men in the history of the world Billionaires Philanthropists American Scottish Business People Steel ESFJ Sagittarius Celebrities Andrew Carnegie, a well-known Scottish-American, who rose from a life of utter poverty to become an industrialist, is considered as the second richest man in history. He built his fortunes mainly through the steel industry. He was a great visionary who could foresee and encash the business opportunities well in time thereby becoming the leader of the American steel industry. He built the Carnegie Steel Company which was the largest and most profitable industrial enterprise in the world in 1890s. Later, he sold it to J.P. Morgan who created U.S. Steel. He later turned towards philanthropy and did significant work in the field of education and culture. He founded various organizations like Carnegie Corporation of New York, Carnegie Endowment for International Peace, Carnegie Institution of Washington, Carnegie Mellon University and the Carnegie Museums of Pittsburgh. His benevolence can be seen in the donations he made for the promotion of education, uplifting the weaker section of the society and world peace.

Personal Details

Birthday: November 25, 1835 Died on: August 11, 1919 Nationality: American, Scottish Famous: Businessman, Entrepreneurs, Industrialist, a Major Philanthropist, Billionaires, Philanthropists, Business People, Steel, ESFJ Spouses: Louise Whitfield Siblings: Thomas Childrens: Margaret Information Detail Birthday November 25, 1835 Died on August 11, 1919 Nationality American, Scottish Famous Businessman, Entrepreneurs, Industrialist, a Major Philanthropist, Billionaires, Philanthropists, Business People, Steel, ESFJ Spouses Louise Whitfield Siblings Thomas Childrens Margaret Birth Place Dunfermline Born Country Scotland Gender Male Father Will Carnegie Mother Margaret Net Worth $309 billion Sun Sign Sagittarius Born in Dunfermline Famous as Industrialist, Businessman, Entrepreneur and a major Philanthropist. Died at Age 83

Dunfermline

Andrew Carnegie born at Unsplash Birth Place

Andrew Carnegie was born on November 25, 1835 to William Carnegie and Margaret Morrison Carnegie in Dunfermline, Scotland. Unsplash Childhood & Early Life

His father was a weaver and moved the entire family to Allegheny City, Pennsylvania, in 1848 after industrialization phase that rendered him jobless and in relentless poverty. He started to work in cotton factories but did not continue for long and ended up making linens at home. Unsplash Childhood & Early Life

It was only after Carnegie lost his father in 1855, he realized the importance of education. He quit his job at the cotton factories and diverted towards reading, theater and music. Unsplash Childhood & Early Life

Quite in time Carnegie was able to run the household through his earnings. Starting in 1850 as a messenger boy for a telegraph office in Pittsburg, he moved on to become secretary to Thomas A. Scott (superintendent of Pennsylvania Railroad) in 1853. Unsplash Childhood & Early Life

Carnegie also rendered services to the military telegraph during the Civil War and finally took the job the superintendent of Pennsylvania Railroad at the age of eighteen. His contribution was seen in laying down railway lines in Washington D.C. Unsplash Childhood & Early Life

Carnegie made his very first investment of $500 in Adams Express in 1855 with Scott’s support; following which he learnt to invest and disinvest resulting in a huge start-up capital for his business ventures. Unsplash Career

Till 1870, Carnegie speculated in small iron factories through investments. His trips to England were primarily to sell bonds of railroad and bridge companies. Unsplash Career

He played a significant role in merging Woodruff's company and George M Pullman’s (inventor of the sleeping car) company. Unsplash Career

He had the vision to foresee that iron would be replaced by steel hence he ended up setting a steel rail company in 1873 after which the steel furnace at Braddock started with steel rails in 1874. Unsplash Career

Encashing upon an opportunity to raise capital for his future steel ventures, he made significant investments ($40000) in Story Farm on Oil Creek in Venango County, Pennsylvania. The return from this investment was in cash form of $1,000,000 and profits coming from the sale of petroleum. Unsplash Career

Post retirement, he involved himself in charity mainly through trust funds such as Carnegie Trust for the Universities of Scotland (1901) and Carnegie United Kingdom Trust (1913). Unsplash A Philanthropist

He has some three thousand plus libraries set up all over the world to his credit. Unsplash A Philanthropist

The Carnegie Institute of Technology (CIT) at Pittsburgh was set up 1901; Carnegie having donated $2 million for it. Unsplash A Philanthropist

The Carnegie Institute of Pittsburg was set up in 1895 which also comprised of an art gallery, music hall and a museum. Unsplash A Philanthropist

His support in setting up of technical schools had been immense which evolved to become the Carnegie Mellon University of today. Unsplash A Philanthropist

Information	Detail
Birthday	November 25, 1835
Died on	August 11, 1919
Nationality	American, Scottish
Famous	Businessman, Entrepreneurs, Industrialist, a Major Philanthropist, Billionaires, Philanthropists, Business People, Steel, ESFJ
Spouses	Louise Whitfield
Siblings	Thomas
Childrens	Margaret
Birth Place	Dunfermline
Born Country	Scotland
Gender	Male
Father	Will Carnegie
Mother	Margaret
Net Worth	$309 billion
Sun Sign	Sagittarius
Born in	Dunfermline
Famous as	Industrialist, Businessman, Entrepreneur and a major Philanthropist.
Died at Age	83

Andrew Carnegie

American

Nov 25, 1835

Biography

Personal Details

Dunfermline