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The primary method used to calculate Andrew Carnegie's net worth in today's money relies on a straightforward economic metric: the relative share of Gross Domestic Product (GDP). This approach examines what portion of the national economy Carnegie controlled at the height of his power and then applies that percentage to the current GDP of the United States. During the peak of his influence in the early 20th century, Carnegie's net worth was estimated to be around 300 to 400 million dollars. While that figure is immense in its own right, it becomes almost incomprehensible when adjusted for inflation using this specific metric. Because the U.S. economy has grown exponentially since the industrial era, Carnegie's slice of the pie translates to a value that is staggering by modern standards.
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