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Carnegie believed the concentration of capital was essential for societal progress and should be encouraged. [110] Carnegie was an ardent supporter of commercial "survival of the fittest" and sought to attain immunity from business challenges by dominating all phases of the steel manufacturing procedure. [111]
While most sources attribute this status to Andrew Carnegie, others argue that it could be Bill Gates, Cornelius Vanderbilt I, John Jacob Astor IV, or Henry Ford. Determining the lower ranks is an even more contentious debate. Vanderbilt left a fortune worth $100 million upon his death in 1877, equivalent to $2.4 billion today. [6]
Estimated wealth in today’s terms: $118.8 billion. The Mellon Family is often associated with Andrew Carnegie thanks to Carnegie Mellon University, although that institution didn’t form until ...
Margaret Carnegie Miller (March 30, 1897 – April 11, 1990) was the only child of industrialist and philanthropist Andrew Carnegie and Louise Whitfield, and heiress to the Carnegie fortune. [1] [2] A resident of Manhattan, New York City, from 1934 to 1973, Miller was a trustee of the Carnegie Corporation of New York, a grant-making foundation ...
A little over a century ago, in 1916, legendary robber baron John D. Rockefeller became the world's first billionaire -- probably. Before the age of computerized records and the internet, measuring...
Today Fortune meets 30-year-old Lucy Guo, an entrepreneur worth approximately $500 million. Guo dropped out of her computer science undergrad program at Carnegie Mellon University to accept a ...
Carnegie Steel Company was sold in 1901 to U.S. Steel, a newly formed organization set up by J. P. Morgan. [10] It sold at roughly $492 million [11] ($18 billion+ today), of which $226 million ($8.3 billion+ today) went to Carnegie himself. [12] U.S. Steel was a conglomerate with subsidiary companies.
Other economists have argued Rockefeller’s fortune would be closer to $1.4 billion, or about $24 billion today. Still, both estimates pale in comparison to Buffett’s $150 billion net worth ...