These Are the Richest People in American History Before 1990

These Are the Richest People in American History Before 1990

Shannon Quinn - March 26, 2023

These Are the Richest People in American History Before 1990
Carnegie was rich because of steel. Credit: Wikimedia Commons

Andrew Carnegie

Andrew Carnegie was a Scottish-American industrialist who was born in Dunfermline, Scotland in 1835. He immigrated to the United States in 1848. Carnegie made his fortune in the steel industry, building the Carnegie Steel Company into the largest steel producer in the world. He was known for his business acumen and his innovative approach to the steel industry. Carnegie was a firm believer in the power of technology and was an early adopter of the Bessemer process, which revolutionized steel production. He believed in the power of wealth to do good and famously stated that “the man who dies rich, dies disgraced.” His largest gift was the establishment of the Carnegie Corporation of New York, which continues to support education, international peace, and scientific research. Andrew Carnegie died in 1919, leaving an estate valued at over $300 million.

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