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Over 130 years and counting, gospel of wealth still holding

Smart businessman allocates golden eggs into many baskets. Carnegie believed the man of wealth should be the trustee for his poorer brethren. PHOTO | SHUTTERSTOCK

By  Rufus Mwanyasi

Managing Director

Canaan Capital Limited

Andrew Carnegie led the American steel industry in the late 19th Century and became one of the wealthiest men in history.

Admired for his philanthropic efforts (he gave away an estimated Sh6.5 trillion to charities, foundations and universities totalling almost 90 percent of his fortune), the man is equally respected for his sagely advice on wealth.

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Note: The results are not exact but very close to the actual.

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