​”Congratulations On Becoming The Richest Man In The World,” Said JP Morgan To Andrew Carnegie In 1901 – Tyler Durden

“Congratulations On Becoming The Richest Man In The World,” Said JP Morgan To Andrew Carnegie In 1901 By Eric Peters, CIO of One River Asset Management Move On: “Congratulations on becoming the richest man in the world,” said JP Morgan to Andrew Carnegie in 1901, merging various industrial firms into US Steel. The new firm was capitalized at $1.4bln and became the world’s most valuable company (the US federal budget in 1901 was $517mm for comparison). Carnegie was born in Scotland in 1835. His mom was an impoverished weaver, disrupted by mechanized weaving. She moved Andrew to Pennsylvania. At 13…  — Continue at ZeroHedge News : Read More