Andrew Carnegie, Scottish-American Industrialist
Andrew Carnegie (November 25, 1835 - August 11, 1919) was a Scottish-American industrialist and one of the highest profile philanthropists of his era and had given away almost 90 percent of his fortune to charities and foundations by the time of his death. His 1889 article proclaiming "The Gospel of Wealth" called on the rich to use their wealth to improve society, and stimulated a wave of philanthropy. He emigrated to America with his very poor parents in 1848. Carnegie started as a telegrapher and by the 1860s had investments in railroads, railroad sleeping cars, bridges and oil derricks. He accumulated further wealth as a bond salesman raising money for American enterprise in Europe. He built Pittsburgh's Carnegie Steel Company, which he sold to Morgan in 1901 for $480 million (in 2014, $ billion), creating the Steel Corporation. His life has often been referred to as a true "rags to riches" story. He died in 1919, at the age of 83, of bronchial pneumonia. Undated, uncredited portrait of Carnegie.
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