Back to People
Andrew Carnegie

Andrew Carnegie

Born 1835 · Age 191

Scottish-American industrialist who led expansion of the U.S. steel industry and became a major philanthropist, giving away roughly $350M in his lifetime and founding many institutions (Carnegie Steel, Carnegie Mellon, Carnegie Corporation, libraries, Peace Palace, etc.).

Total Events
53
Career Span
84 years
Peak Net Worth
$225,640,000

Compare Your Trajectory

See how your career milestones stack up against Andrew Carnegie and other industry leaders.

Life & Career Timeline

1835Age 0

Born in Dunfermline, Scotland

Andrew Carnegie born to William and Margaret Carnegie in a weaver's cottage in Dunfermline, Fife, Scotland.

11/25/1835Net Worth: $100Source
Confidence
50%
1836Age 1

Family moves to larger house in Dunfermline

Carnegie family moved to a larger house on Edgar Street as business briefly improved.

1/1/1836Net Worth: $200Source
Confidence
50%
1848Age 12

Hired as a bobbin boy at a cotton mill

Began work in a Pittsburgh cotton factory changing spools; starting wage $1.20 per week.

1/1/1848Net Worth: $50Source
Confidence
90%
1848Age 12

Works for John Hay (bobbin factory) tending steam engine

Offered a higher-paying job by John Hay at $2.00 per week, running small steam engine and firing the boiler.

1/1/1848Net Worth: $150Source
Confidence
90%
1848Age 12

Emigrated to the United States (Allegheny/Pittsburgh)

Carnegie family moved to Allegheny (now part of Pittsburgh) seeking better opportunities during Scottish economic hardship.

9/1/1848Net Worth: $200Source
Confidence
50%
1849Age 13

Joins Ohio Telegraph Company as messenger boy

Became a telegraph messenger boy in Pittsburgh, earning $2.50 per week; learned city businesses and made connections.

1/1/1849Net Worth: $300Source
Confidence
95%
1850Age 14

Promoted to telegraph operator

Rapidly learned telegraphy and was promoted from messenger to operator, increasing earnings and skills.

1/1/1850Net Worth: $500Source
Confidence
90%
1853Age 17

Hired by Pennsylvania Railroad (Thomas A. Scott's office)

Became telegrapher and personal assistant to Thomas A. Scott; salary paid ~$4/week ($35/month in period sources). Key mentorship and contacts began here.

1/1/1853Net Worth: $1,000Source
Confidence
95%
1855Age 20

Invests $500 in Adams Express Company (via family mortgage)

With Scott's help secured an investment of $500; his mother placed a mortgage on the family home to enable investment.

1/1/1855Net Worth: $2,000Source
Confidence
85%
1856Age 21

Death of father William Carnegie

Will Carnegie died at age 51; Andrew became principal breadwinner for the family.

1/1/1856Net Worth: $2Source
Confidence
90%
1859Age 24

Promoted to Superintendent, Western Division of Pennsylvania Railroad

Officially became superintendent (Dec 1, 1859); salary ~$1,500/year. Hired brother Tom as secretary.

12/1/1859Net Worth: $10Source
Confidence
95%
1861Age 25

Joins U.S. Military Telegraph Corps (Civil War service)

Appointed Superintendent of Military Railways and Union telegraph lines in the East under Thomas Scott; supported Union logistics.

1/1/1861Net Worth: $20Source
Confidence
90%
1861Age 25

Invests in Woodruff/Pullman sleeping car arrangements

Instrumental in merging Woodruff's company with Pullman's sleeping car interests; early investment in sleeping-car business generated substantial returns.

1/1/1861Net Worth: $40Source
Confidence
80%
1861Age 26

Invests $11,000 in Titusville oil (early oil investment)

Used returns from earlier investments to invest in oil near Titusville; PBS/wikipedia sources cite an $11k investment returning ~$17,868 after one year.

1/1/1861Net Worth: $50Source
Confidence
75%
1864Age 28

Investor in Columbia Oil Company (Venango County)

Early investor; firm reportedly yielded over $1M in cash dividends in one year, rapidly increasing Carnegie's capital available for further ventures.

1/1/1864Net Worth: $200,000Source
Confidence
50%
1865Age 30

Retires from railroad; founds Keystone Bridge Company

Left the Pennsylvania Railroad to form ironworks interests, reorganizing Piper & Schiffler into Keystone Bridge Company to supply iron bridges.

1/1/1865Net Worth: $300,000Source
Confidence
80%
1867Age 32

Founds Keystone Telegraph Company (merges quickly)

Established Keystone Telegraph with railroad-connected associates; merged with Pacific & Atlantic Telegraph Co. and produced strong returns.

1/1/1867Net Worth: $400,000Source
Confidence
80%
1873Age 37

Visits Henry Bessemer's plants in England

Exposure to the Bessemer process convinced Carnegie of steel's huge commercial potential and motivated expansion into steel production.

1/1/1873Net Worth: $800,000Source
Confidence
90%
1875Age 39

Opens Edgar Thomson Steel Works (first major steel plant)

Opened the Edgar Thomson Works in Braddock, PA; first large integrated steel mill producing rails—named for John Edgar Thomson.

1/1/1875Net Worth: $2,000,000Source
Confidence
90%
1879Age 44

Funds swimming baths and library gift to Dunfermline

Donated to civic improvements in his birthplace; began pattern of civic philanthropy in Scotland.

1/1/1879Net Worth: $3,500,000Source
Confidence
80%
1880Age 45

Pledges to live on limited income and devote surplus to benevolence

Wrote to himself planning to limit personal income to $50,000/year and devote surplus to education and public causes.

1/1/1880Net Worth: $4,000,000Source
Confidence
90%
1883Age 47

Acquires Homestead Steel Works (major expansion)

Purchased rival Homestead Works, gaining integrated plant, coal/iron fields, railroad, and lake steamship line—key vertical integration move.

1/1/1883Net Worth: $8,000,000Source
Confidence
90%
1883Age 47

First Carnegie Library (Dunfermline) opens

First Carnegie-funded public library opened in Dunfermline; start of a global library philanthropy program.

1/1/1883Net Worth: $7,500,000Source
Confidence
90%
1886Age 51

Death of mother Margaret and brother Thomas (same year)

Suffered personal losses; his mother (major influence) died in 1886 and brother Thomas died the same year (Thomas age 43).

1/1/1886Net Worth: $9,000,000Source
Confidence
90%
1887Age 51

Marries Louise Whitfield

Married Louise Whitfield (two decades his junior) in 1887; they later had one child, Margaret (born 1897).

1/1/1887Net Worth: $15,000,000Source
Confidence
90%
1889Age 53

Publishes 'The Gospel of Wealth' ('Wealth')

Published essay urging the rich to distribute wealth for public good and support progressive taxation; sparked philanthropic movement.

1/1/1889Net Worth: $25,000,000Source
Confidence
95%
1889Age 53

Johnstown Flood controversy (club member of South Fork Fishing and Hunting Club)

The catastrophic Johnstown Flood (May 31, 1889) implicated members of the exclusive club, including Carnegie's associates; public criticism ensued.

1/1/1889Net Worth: $24,000,000Source
Confidence
70%
1891Age 55

Carnegie Hall opens in New York City (funded)

Financed construction of Carnegie Hall; cost about $1.1M for land and building—opened 1891 as premier music venue.

1/1/1891Net Worth: $30,000,000Source
Confidence
90%
1892Age 56

Forms Carnegie Steel Company (consolidation of holdings)

Combined many assets into Carnegie Steel Company (company formation noted in late 1880s/1892), creating a dominant integrated steel enterprise.

1/1/1892Net Worth: $50,000,000Source
Confidence
90%
1892Age 56

Homestead Strike at Homestead Works (violent labor conflict)

While Carnegie was in Europe, Henry Clay Frick handled a strike with Pinkerton agents leading to a bloody battle; public image damaged.

1/1/1892Net Worth: $48,000,000Source
Confidence
95%
1898Age 63

Offers $20 million to Philippines for independence (rejected)

Opposed U.S. imperial annexation after Spanish–American War; personally offered $20M to help Filipinos buy independence—offer not taken up.

1/1/1898Net Worth: $80,000,000Source
Confidence
60%
1899Age 64

Further consolidation of steel holdings (Carnegie Steel reorganized)

Organized several steel companies into more integrated corporate structures ahead of an eventual sale; tensions with Frick grew.

1/1/1899Net Worth: $100,000,000Source
Confidence
80%
1900Age 64

Donates $2 million to found Carnegie Institute of Technology (CIT)

Gift of $2M to start Carnegie Institute of Technology in Pittsburgh (later Carnegie Mellon University).

1/1/1900Net Worth: $125,000,000Source
Confidence
90%
1901Age 65

Agrees to sell Carnegie Steel (letter signed)

Signed agreement to sell his holdings; transaction with J. P. Morgan negotiated leading to the creation of U.S. Steel.

2/26/1901Net Worth: $125,000,000Source
Confidence
90%
1901Age 65

Sale to J. P. Morgan / formation of U.S. Steel completed

Carnegie's steel holdings were incorporated into United States Steel Corporation. Wikipedia cites sale price $303,450,000; other sources cite $480M. The transaction completed March 2, 1901.

3/2/1901Net Worth: $225,640,000Source
Confidence
90%
1901Age 65

Creates Carnegie Trust for the Universities of Scotland (deed signed)

Signed deed establishing the Carnegie Trust for the Universities of Scotland with an initial gift of $10 million (in 1901 terms).

6/7/1901Net Worth: $215,640,000Source
Confidence
85%
1901Age 66

Elected Lord Rector of the University of St. Andrews

Elected Lord Rector in December 1901; formally installed Oct 1902 and served until 1907.

12/1/1901Net Worth: $215,000,000Source
Confidence
90%
1902Age 66

Establishes Carnegie Institution for Science (initial $2M)

Donated $2M in 1902 to create Carnegie Institution in Washington, D.C. to support scientific research.

1/1/1902Net Worth: $213,640,000Source
Confidence
90%
1903Age 67

Funds the Peace Palace (grant $1.5M) and Pan-American Palace ($150k)

Contributed $1.5M toward the Peace Palace at The Hague and $150k for a Pan-American Palace in Washington.

1/1/1903Net Worth: $212Source
Confidence
80%
1904Age 68

Founding of the Carnegie Hero Fund

Established the Carnegie Hero Fund for the United States and Canada to recognize civilian heroism (initial endowment noted in early 1900s).

1/1/1904Net Worth: $211,000,000Source
Confidence
80%
1905Age 69

Establishes Teachers' Pension Fund (endowment ~$10M)

Created a pension fund for American college professors (later evolving into TIAA-CREF), seeding it with $10M.

1/1/1905Net Worth: $201,000,000Source
Confidence
80%
1910Age 75

Founding of Carnegie Endowment for International Peace (established around 1910)

Established the Carnegie Endowment for International Peace to advance world peace and diplomatic study (founding dated 1910 in many sources).

1/1/1910Net Worth: $195,000,000Source
Confidence
80%
1911Age 76

Creates Carnegie Corporation of New York (major foundation)

Founded the Carnegie Corporation of New York in 1911 to continue philanthropic giving; sources cite he endowed it with about $125M of his remaining wealth.

1/1/1911Net Worth: $125,000,000Source
Confidence
90%
1911Age 76

Donates additional $10M to Carnegie Institution for telescope support

Became a key benefactor to George Ellery Hale and donated an additional $10M to the Carnegie Institution to expedite Mount Wilson telescope construction.

1/1/1911Net Worth: $115,000,000Source
Confidence
80%
1913Age 78

Endows Carnegie United Kingdom Trust ($10M)

Gave $10M in 1913 to endow the Carnegie United Kingdom Trust to manage UK benefactions and grant-making.

1/1/1913Net Worth: $105,000,000Source
Confidence
85%
1913Age 78

Peace Palace (The Hague) dedicated

The Peace Palace, which Carnegie financed, was dedicated in 1913; a capstone of his peace philanthropy.

1/1/1913Net Worth: $100,000,000Source
Confidence
90%
1914Age 79

Leaves Scotland as WWI begins

As World War I began, Carnegie left Scotland for the last time; wartime context affected philanthropic activity and travels.

1/1/1914Net Worth: $98,000,000Source
Confidence
80%
1916Age 81

Purchases Shadowbrook estate (Lenox, Massachusetts)

Acquired Shadowbrook estate in Massachusetts, where he later died; cost is not detailed in these sources.

1/1/1916Net Worth: $95,000,000Source
Confidence
70%
1917Age 82

Library philanthropy: roughly 3,000 libraries funded (cumulative)

By the 1910s Carnegie's library program had funded roughly 3,000 libraries across many countries—major cultural legacy.

1/1/1917Net Worth: $88,000,000Source
Confidence
80%
1917Age 81

Initiated as honorary member of Phi Mu Alpha Sinfonia

Honored for philanthropy and support of the arts by Phi Mu Alpha Sinfonia at New England Conservatory on Oct 14, 1917.

10/14/1917Net Worth: $89,000,000Source
Confidence
90%
1917Age 82

Hooker Telescope first light (Mount Wilson) — project supported

Hooker Telescope saw first light Nov 2, 1917; Carnegie had funded the institution and telescope construction.

11/2/1917Net Worth: $88,500,000Source
Confidence
85%
1919Age 83

Posthumous distribution of last $30M

After his death his last approx. $30M was given to foundations, charities and pensioners per sources.

1/1/1919Net Worth: $58,500,000Source
Confidence
50%
1919Age 83

Death at Shadowbrook, Lenox, Massachusetts

Died of bronchial pneumonia on Aug 11, 1919. During his life he gave away about $350,695,653; his remaining estate (including last $30M) was distributed after death.

8/11/1919Net Worth: $30,000,000Source
Confidence
50%

Similar Trajectories

Frances Willard

Born 1839 · Age 187

American educator, temperance reformer, and women's suffragist; long-time national president of the Woman's Christian Temperance Union (WCTU) and founder/leader of international women's temperance and reform organizations.

View Timeline →

John D. Rockefeller

Born 1839 · Age 187

American industrialist and philanthropist. Founder and longtime leader of Standard Oil; built the modern oil industry and pioneered large-scale organized philanthropy (University of Chicago, Rockefeller Institute/University, Rockefeller Foundation, General Education Board).

View Timeline →

John Pierpont Morgan

Born 1837 · Age 189

American financier and investment banker who dominated corporate finance in the Gilded Age; led formation of U.S. Steel, General Electric, International Harvester and headed the banking house that became JPMorgan Chase.

View Timeline →

J. P. Morgan

Born 1837 · Age 189

American financier and investment banker who dominated corporate finance in the Gilded Age; head of the firm that became J.P. Morgan & Co., orchestrated major industrial consolidations (U.S. Steel, GE, International Harvester), and led financiers during the Panic of 1907.

View Timeline →

Elizabeth Garrett Anderson

Born 1836 · Age 190

English physician and suffragist; first woman in Britain to qualify as a physician and surgeon; co‑founder and long‑time dean of the London School of Medicine for Women; founder of the New Hospital for Women; first female mayor in England.

View Timeline →

Mark Twain

Born 1835 · Age 191

American writer, humorist, lecturer and entrepreneur, author of The Adventures of Tom Sawyer and Adventures of Huckleberry Finn.

View Timeline →