In fact, one of the companies he invested into was a company that built bridges for the railroads. The money alone is not the sum of the man or the entrepreneur, it is merely the result. Additionally, how did Carnegie make his money? Andrew Carnegie, Philanthropist Can you imagine becoming the richest person in the world and then giving your money away? He invested in more than 10 companies that sold their products to the railroads. Carnegie is credited with leading the steel industry expansion in … How Bill Gates, the world's richest man, got his start. While I am not one to peg a man to the amount he amasses, it is merely a way to signify his contribution. All told, Andrew Carnegie eventually gave away roughly 90 percent of his personal fortune during his lifetime. Andrew Carnegie, Scottish-born American industrialist who led the expansion of the American steel industry in the late 19th century. Carnegie worked with others in establishing a steel rolling mill, and steel production and control of industry became the source of his fortune. Washington Gladden, a leader in the social gospel movement, defended. Carnegie Steel would go on to be known as United Steel, and Andrew Carnegie would go on to begin a … Andrew Carnegie, with partners from the Railroad Company, launched a bridge building company. Learn more about how Carnegie made his fortune and about his vast philanthropic activities. He was also one of the most important philanthropists of his era. Andrew decided to invest his money in companies that supplied the railroads. less fortunate people. How did Andrew Carnegie spend his great fortune after he sold his business? By the time Andrew Carnegie died in 1919, he was worth more than $350 million, $10 billion in today’s value. After retiring in 1901 at the age of 66 as the world's richest man, Andrew Carnegie wanted to become a philanthropist, a person who gives money to good causes. Andrew Carnegie eventually did make the decision to sell off his part of the company, making the equivalent of 6.5 Billion dollars off of the sale. Careers. Millennial Money How this 38-year-old teacher earning $47,000 a year in Hawaii spends his money. Andrew Carnegie wasn't the first man to ever build a steel mill. That's exactly what Andrew Carnegie did. Carnegie donated his money to build institutions that would better society. He told writer Napoleon Hill what he did to achieve that. Alicia Adamczyk. Andrew Carnegie, who got his start as a telegraph messenger for the Pennsylvania Railroad Co., grew with them. Back in 1908, Andrew Carnegie was the wealthiest man in the world. Carnegie had some investments in the iron industry before the war. 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