Andrew Carnegie, a well-known Scottish-American who rose from a life of utter poverty to become an industrialist, is considered one of the richest men in history. He built his fortune mainly through the steel industry. He was a great visionary who could foresee and capitalize on business opportunities, thereby becoming the leader of the American steel industry. He established the Carnegie Steel Company, which became the largest and most profitable industrial enterprise in the world during the 1890s. Later, he sold it to J.P. Morgan, who created U.S. Steel. After amassing his wealth, he turned toward philanthropy and made significant contributions in the fields of education and culture. He founded various organizations such as the Carnegie Corporation of New York, Carnegie Endowment for International Peace, Carnegie Institution of Washington, Carnegie Mellon University, and the Carnegie Museums of Pittsburgh. His benevolence is evident in the donations he made to promote education, uplift the weaker sections of society, and support world peace.