ANDREW CARNEGIE DONATES MONEY AFTER RETIREMENT
By: Ethan Schlussel
Born in 1835, Andrew Carnegie is known by many as one of the most knowledgeable and wealthiest men in the world. After his retirement, he decided to donate $10,000,000 to the Carnegie Teachers’ Pension Fund, gave the Philippines $20,000,000 for their independence, then he spent $125,000,000 on the Carnegie Corporation. A corporation that is meant to aid colleges, universities, technical school, and scientific research. The Carnegie Corporation was the last of his generous donations. He gave away almost all of his fortune in fact it was 90% to be exact.
Carnegie did not exactly retire but instead realized he was getting old and allowed J.P. Morgan to buy him out for an incredible $480 million. This allowed J.P. Morgan to become the new owner of the largest steel company in the nation. This $480 million made Carnegie the richest man in the world. As a retirement home, Carnegie buys Shadowbrook, an estate in Massachusetts. He lives in this home until 1919 when he sadly passes away.
Carnegie was very, very smart and certainly knew what he was doing. An annual profit of about $40 million in 1900 seems like a grand amount of money. This incredible income started very low though. When the company had just started, he had an income of about $50,000 per year. In those thirty-two years, his income was multiplied by eighty. It truly is amazing that a man that started out so poor as an immigrant, became one of the richest men in the world.
ANDREW CARNEGIE DONATES MONEY AFTER RETIREMENT
By: Ethan Schlussel
Born in 1835, Andrew Carnegie is known by many as one of the most knowledgeable and wealthiest men in the world. After his retirement, he decided to donate $10,000,000 to the Carnegie Teachers’ Pension Fund, gave the Philippines $20,000,000 for their independence, then he spent $125,000,000 on the Carnegie Corporation. A corporation that is meant to aid colleges, universities, technical school, and scientific research. The Carnegie Corporation was the last of his generous donations. He gave away almost all of his fortune in fact it was 90% to be exact.
Carnegie did not exactly retire but instead realized he was getting old and allowed J.P. Morgan to buy him out for an incredible $480 million. This allowed J.P. Morgan to become the new owner of the largest steel company in the nation. This $480 million made Carnegie the richest man in the world. As a retirement home, Carnegie buys Shadowbrook, an estate in Massachusetts. He lives in this home until 1919 when he sadly passes away.
Carnegie was very, very smart and certainly knew what he was doing. An annual profit of about $40 million in 1900 seems like a grand amount of money. This incredible income started very low though. When the company had just started, he had an income of about $50,000 per year. In those thirty-two years, his income was multiplied by eighty. It truly is amazing that a man that started out so poor as an immigrant, became one of the richest men in the world.
ANDREW CARNEGIE DONATES MONEY AFTER RETIREMENT
By: Ethan Schlussel
Born in 1835, Andrew Carnegie is known by many as one of the most knowledgeable and wealthiest men in the world. After his retirement, he decided to donate $10,000,000 to the Carnegie Teachers’ Pension Fund, gave the Philippines $20,000,000 for their independence, then he spent $125,000,000 on the Carnegie Corporation. A corporation that is meant to aid colleges, universities, technical school, and scientific research. The Carnegie Corporation was the last of his generous donations. He gave away almost all of his fortune in fact it was 90% to be exact.
Carnegie did not exactly retire but instead realized he was getting old and allowed J.P. Morgan to buy him out for an incredible $480 million. This allowed J.P. Morgan to become the new owner of the largest steel company in the nation. This $480 million made Carnegie the richest man in the world. As a retirement home, Carnegie buys Shadowbrook, an estate in Massachusetts. He lives in this home until 1919 when he sadly passes away.
Carnegie was very, very smart and certainly knew what he was doing. An annual profit of about $40 million in 1900 seems like a grand amount of money. This incredible income started very low though. When the company had just started, he had an income of about $50,000 per year. In those thirty-two years, his income was multiplied by eighty. It truly is amazing that a man that started out so poor as an immigrant, became one of the richest men in the world.
ANDREW CARNEGIE DONATES MONEY AFTER RETIREMENT
By: Ethan Schlussel
Born in 1835, Andrew Carnegie is known by many as one of the most knowledgeable and wealthiest men in the world. After his retirement, he decided to donate $10,000,000 to the Carnegie Teachers’ Pension Fund, gave the Philippines $20,000,000 for their independence, then he spent $125,000,000 on the Carnegie Corporation. A corporation that is meant to aid colleges, universities, technical school, and scientific research. The Carnegie Corporation was the last of his generous donations. He gave away almost all of his fortune in fact it was 90% to be exact.
Carnegie did not exactly retire but instead realized he was getting old and allowed J.P. Morgan to buy him out for an incredible $480 million. This allowed J.P. Morgan to become the new owner of the largest steel company in the nation. This $480 million made Carnegie the richest man in the world. As a retirement home, Carnegie buys Shadowbrook, an estate in Massachusetts. He lives in this home until 1919 when he sadly passes away.
Carnegie was very, very smart and certainly knew what he was doing. An annual profit of about $40 million in 1900 seems like a grand amount of money. This incredible income started very low though. When the company had just started, he had an income of about $50,000 per year. In those thirty-two years, his income was multiplied by eighty. It truly is amazing that a man that started out so poor as an immigrant, became one of the richest men in the world.
ANDREW CARNEGIE DONATES MONEY AFTER RETIREMENT
By: Ethan Schlussel
Born in 1835, Andrew Carnegie is known by many as one of the most knowledgeable and wealthiest men in the world. After his retirement, he decided to donate $10,000,000 to the Carnegie Teachers’ Pension Fund, gave the Philippines $20,000,000 for their independence, then he spent $125,000,000 on the Carnegie Corporation. A corporation that is meant to aid colleges, universities, technical school, and scientific research. The Carnegie Corporation was the last of his generous donations. He gave away almost all of his fortune in fact it was 90% to be exact.
Carnegie did not exactly retire but instead realized he was getting old and allowed J.P. Morgan to buy him out for an incredible $480 million. This allowed J.P. Morgan to become the new owner of the largest steel company in the nation. This $480 million made Carnegie the richest man in the world. As a retirement home, Carnegie buys Shadowbrook, an estate in Massachusetts. He lives in this home until 1919 when he sadly passes away.
Carnegie was very, very smart and certainly knew what he was doing. An annual profit of about $40 million in 1900 seems like a grand amount of money. This incredible income started very low though. When the company had just started, he had an income of about $50,000 per year. In those thirty-two years, his income was multiplied by eighty. It truly is amazing that a man that started out so poor as an immigrant, became one of the richest men in the world.
ANDREW CARNEGIE DONATES MONEY AFTER RETIREMENT
By: Ethan Schlussel
Born in 1835, Andrew Carnegie
is known by many as one of the
most knowledgeable and wealthiest
men in the world. After his retirement, he
decided to donate $10,000,000 to the
Carnegie Teachers’ Pension Fund, gave
the Philippines $20,000,000 for their
independence, then he spent $125,000,000
on the Carnegie Corporation. A corporation
that is meant to aid colleges, universities,
technical school, and scientific research. The Carnegie Corporation was the last of his generous donations. He gave away almost all of his fortune in fact it was 90% to be exact.
Carnegie did not exactly retire but instead realized he was getting old and allowed J.P. Morgan to buy him out for an incredible $480 million. This allowed J.P. Morgan to become the new owner of the largest steel company in the nation. This $480 million made Carnegie the richest man in the world. As a retirement home, Carnegie buys Shadowbrook, an estate in Massachusetts. He lives in this home until 1919 when he sadly passes away.
Carnegie was very, very smart and certainly knew what he was doing. An annual profit of about $40 million in 1900 seems like a grand amount of money. This incredible income started very low though. When the company had just started, he had an income of about $50,000 per year. In those thirty-two years, his income was multiplied by eighty. It truly is amazing that a man that started out so poor as an immigrant, became one of the richest men in the world.
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