Question

What does Andrew Carnegie mean when he says, “The man who dies rich dies disgraced”?

Answer 1

In an 1889 essay, steel magnate Carnegie told his fellow business leaders, "The man who dies thus rich dies disgraced." Carnegie believed that the wealthy should repay their debt to society. True to his beliefs, by his death in 1919 he had divested himself of more than 95 percent of his fortune.

Answer 2

Rich people should use their wealth to help others live better lives.