Andrew Carnegie - The Richest Man in the World
From Finance Documentaries
December 30, 2012 - 2:17pm
This documentary reviews the life of Andrew Carnegie (1835-1919) - one of the wealthiest historical figures of the USA; amassing a fortune estimated to be worth close to $300 billion in today's dollars. Carnegie set out to take control of the US steel industry at a time where booming building in rail, bridges and infrastructure, and sky scrapers and other building fuelled demand. Initially working his way up from a factory worker, to his formative job at Pennsylvania Railroad Company where he met his mentor - Thomas Scott, his tale is a true "rags to riches" story. Carnegie drew criticism for his ruthless tactics in the formation of the sprawling integrated steel juggernaut Carnegie Steel Company. In 1900 he sold Carnegie Steel to J.P. Morgan for $480 million, and over the next decade he proceeded to give away $350 with the same creativity and energy that he used to create the wealth. In...
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