Andrew Carnegie and his Gospel of Wealth

Andrew Carnegie (1835 - 1919) is famous for many things. He is often referred to as the second richest man in history, after John D. Rockefeller. To Napoleon Hill fans, he is known for commissioning work on the principles of success that, after 25 years, and 500 interviews, resulted in Law of Success and Think and Grow Rich. He was also the world's largest philanthropist in his time. He gave away most of his fortune to worthy social projects and libraries. His approval of death taxes might surprise people.

Carnegie believed that success was a matter of following natural laws. The 2 success principles he gave the most credit to for his personal success were Going The Extra Mile and Personal Initiative. He hired brilliant men to work for him, paid them very handsomely, making millionaires of many people, and got the results that are sure to follow when you hire the best people.

Carnegie felt strongly, as do many of today's billionaires, like Bill Gates and Warren Buffet and Ted Turner, that great wealth came with great responsibility to use that wealth to enrich the lives of others. He felt that children, wives and heirs should be taken care of upon death but not overly lavishly.

His philanthropic efforts included building Carnegie Hall, the Carnegie Corporation of New York, Carnegie Endownment for International Peace, Carnegie Institution of Washington, Carnegie Mellon University and Carnegie Museums of Pittsburgh.

Carnegie died on August 11, 1919 in Lenox, Massachusetts. He had given away over 350 million dollars (over 4 billion dollars by today’s standards). He was buried at Sleepy Hollow Cemetery in North Tarrytown, New York. The Carnegie Foundation is located in New York City and is dedicated to keeping alive the Carnegie legacy.

To read the entire Gospel of Wealth, click on the link below.

Andrew Carnegie Gospel of Wealth