around $1.2 billion. Henry Ford owned the Ford Motor Company until his death. By the mid-1920s, his net worth was estimated around $1.2 billion, and though Ford’s market share gradually diminished, the company’s stunning success made its namesake one of the wealthiest men in American history. Was Henry Ford ever […]
Andrew Carnegie, the most contradictory of the robber barons: he supported workers’ rights, but destroyed unions; and when he acquired the largest fortune in US history, he tried to give it away. Andrew is born in Scotland in 1835. After steam power makes his textile worker father redundant, the family […]
Carnegie Pushes to Get Rid of Unions at His Mills He followed a simple business philosophy: “Watch the costs, and the profits will take care of themselves.” Few costs were greater than the wages of his workforce, and he drove his employees to work longer hours without corresponding pay increases. […]
Carnegie continued funding new libraries until shortly before his death in 1919. Libraries were given to towns and cities in Great Britain and much of the English-speaking world: Almost $56.2 million went for construction of 2,509 libraries worldwide. How many Carnegie libraries are left? The USA had 1,689 public libraries […]
The USA had 1,689 public libraries built thanks to Carnegie grants. Of those, about 750 are still functioning as libraries today. How many Carnegie libraries are still standing? Close to 800 of Carnegie’s library buildings are still in use as public libraries, according to Carnegie Libraries Across America, while another […]
“A library outranks any other one thing a community can do to benefit its people. It is a never failing spring in the desert.” Why does Carnegie think libraries are so important? Institutions like the public library were important to Carnegie because they allowed the meritocractic nature of America to […]
Carnegie’s hundreds of millions accounted for about 0.60% of the U.S. annual GDP and has a real value estimated at about US$75 billion adjusted for the late 2000s (decade). Who was richer Rockefeller or Carnegie? Rockefeller was usurped as the richest person in the world at the turn of the […]
Like Rockefeller, critics labeled him a robber baron who could have used his vast fortunes to increase the wages of his employees. Carnegie believed that such spending was wasteful and temporary, but foundations would last forever. Why did Rockefeller and Carnegie become rivals? Carnegie and Rockefeller became rivals because Rockefeller […]
Andrew Carnegie sold his steel company to J.P. Morgan for $480 million in 1901. Retiring from business, Carnegie set about in earnest to distribute his fortune. In addition to funding libraries, he paid for thousands of church organs in the United States and around the world. Did Andrew Carnegie give […]
Rockefeller. As the wealthiest men in the country at the turn of the 20th century, Carnegie and Rockefeller embarked on huge, independent philanthropic efforts. Each gave away hundreds of millions of dollars in the last decades of his life. And each endowed a foundation that is still a philanthropic force. […]
At age sixty-five, he sold the company to J. P. Morgan for $480 million and devoted the rest of his life to his philanthropic activities and writing. During his lifetime, Carnegie gave away over $350 million. Did Carnegie spend his money? Carnegie spent over $55 million of his wealth on […]
Inspired by his contemporary Andrew Carnegie, Rockefeller’s biggest investments included the University of Chicago – to which he gave $75,000,000, the Rockefeller Institute for Medical Research (Rockefeller University) and the General Education Board – both of which he gave $50,000,000. What organizations did John D Rockefeller donate to? They were […]
Cities With The Most Millionaires Rank City Number of millionaires 1 London 357,200 2 New York 339,200 3 Tokyo 279,800 4 Hong Kong 227,900 Which city has most millionaires in the world? New York: 107 billionaires. Since last year: +8. Total net worth: $640.4 billion (+$797.9 billion vs. Beijing: 83 […]
His net worth is about $40 million, according to Exact Net Worth. What does Paris Hilton’s husband do for a living? entrepreneurReum is an American author, entrepreneur and venture capitalist. The 40-year-old and his brother Courtney co-founded tech venture capital firm M13 and also launched the acai spirits brand Veev. […]
Uncontacted Brazil Brazil’s Amazon is home to more uncontacted tribes than anywhere in the world. There are thought to be at least 100 isolated groups in this rainforest, according to the government’s Indian affairs department FUNAI. Are there any uncontacted tribes left? There are more than 100 uncontacted tribes living […]