by David Forest
Casey Research
About 100 years ago, one man found an unusual way to create wealth… and it turned him into the richest person in modern history.
His name was Andrew Carnegie. According to Money magazine, his wealth amounted to over $370 billion in today’s dollars. That’s about 450% more wealth than Bill Gates or Warren Buffett hold these days.
But Carnegie didn’t get rich the way his peers did. He didn’t control the big industries of the time, like cars, railroads, or banks. He was shrewder than that.
Instead, Carnegie focused on supplying the raw materials for each and every one of America’s biggest unfolding businesses by selling one basic, but indispensable, commodity: steel.