Title: The World's Greatest Philanthropist Died Today, 100 Years Ago; What Should Modern Millionaires Learn From Andrew Carnegie
Headings: The World's Greatest Philanthropist Died Today, 100 Years Ago; What Should Modern Millionaires Learn From Andrew Carnegie
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American industrialist and philanthropist Andrew Carnegie (1835 - 1919). ( Photo by Buyenlarge/Getty ... [+]
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Exactly one hundred years ago today, Andrew Carnegie died in in Lenox, Massachusetts. But on his deathbed, Carnegie would have been deeply frustrated. He was down to his last $30 million. He was frustrated not because he wanted to die richer. Nor did he want to leave more money to family members. It was because he had not already given it away, alongside the estimated $300 million he donated during his lifetime, making his philanthropy unrivaled, even today. In his book The Gospel of Wealth, Carnegie wrote that no wealthy person should leave money behind. " Men who leave vast sums in this way may fairly be thought men who would not have left it at all, had they been able to take it with them". Instead it was a millionaire's duty to make sure they gave away everything during their lifetime: