America is known as a melting pot of nationalities and cultures, and it has quickly become one of the most innovative nations to date. With driven natural-born citizens and immigrants, America is one of the most successful countries in terms of
From older companies such as Standard Oil, Ford Motor Company, and Carnegie Steel Company, to more contemporary companies such as Facebook and Google, American entrepreneurs have reshaped how the world operates. The following are the top five most successful American entrepreneurs in terms of world impact.
1. Andrew Carnegie
Andrew Carnegie was an American entrepreneur who actually immigrated from Scotland. Born into the lower class, Carnegie and his family immigrated to Pennsylvania, where they lived a better lifestyle. Carnegie later founded the Carnegie Steel Company, growing it to become one of the largest companies in U.S. history.
In addition to the success of his company, Carnegie became a very successful angel investor. Using the money made through his steel company, he invested in various car companies, messenger services, and land that contained oil reserves. Upon his death in 1919, Carnegie had an estimated net worth of $350 million, which, in 2019 dollars, would be worth nearly $4.5 billion.
2. Henry Ford
Unlike Andrew Carnegie, Henry Ford was a natural-born citizen who grew up in Michigan. Born into a family that originated from England and Ireland, he was well off, although not wealthy. Ford was a hard-working man and eventually completed an apprenticeship with the Detroit Dry Dock Company. In 1891, he met with Thomas Edison and told him about his concept of the automobile. Edison liked the idea and let Ford use his warehouse to develop and manufacture two prototypes.
Using the prototypes, Ford soon founded the Detroit Automobile Company. The company was short-lived, however, since the product did not meet Ford’s standards. He went on to found the Cadillac Automobile Company, which also failed, before starting the Ford Motor Company for which he is famous. His third attempt at a car company made him very successful, and the company remains a going concern with annual sales of over $160 billion