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What happened to the wealth of Andrew Carnegie's family?

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It was the height of the Gilded Age in 1889, and Andrew Carnegie, a pioneer in the steel industry, laid out why he would be donating the bulk of his wealth to causes and not to his family members. His estimated $350 million net worth translates into $4.8 billion in today's dollars. read more

There were 3000 such libraries across the world funded by Andrew Carnegie. Also, Carnegie Mellon University in Pittsburgh, and Carnegie Hall in NYC. As for his family, his wife inherited his real estate, and his daughter received a small trust. read more

It was the height of the Gilded Age in 1889, and Andrew Carnegie, a pioneer in the steel industry, laid out why he would be donating the bulk of his wealth to causes and not to his family members. His estimated $350 million net worth translates into $4.8 billion in today's dollars. read more

Andrew Carnegie: Family and Final Years Carnegie’s mother, who was a major influence in his life, lived with him until her death in 1886. The following year, the 51-year-old industrial baron married Louise Whitfield (1857-1946), who was two decades his junior and the daughter of a New York City merchant. read more

Andrew Carnegie was born on November 25, 1835, in Dunfermline, Scotland, the son of William Carnegie, a weaver, and Margaret Morrison Carnegie. The invention of weaving machines replaced the work Carnegie's father did, and eventually the family was forced into poverty. read more

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