Henry Phipps Jr. was an American entrepreneur known for his business relationship with Andrew Carnegie and involvement with the Carnegie Steel Company. He was also a successful real estate investor. After selling his stock in Carnegie Steel, he devoted a great deal of his time and money to philanthropic works.
Phipps in 1913
Phipps Houses, Queens, NYC
Mrs Henry Phipps and Her Grandson Winston, oil on canvas, John Singer Sargent, 1907
Carnegie Steel Company was a steel-producing company primarily created by Andrew Carnegie and several close associates to manage businesses at steel mills in the Pittsburgh, Pennsylvania area in the late 19th century. The company was formed in 1892, and was subsequently sold in 1901 in one of the largest business transactions of the early 20th century, to become a major component of U.S. Steel. The sale made Carnegie one of the richest men in history.
Blast furnaces and iron ore at the Carnegie-Illinois Steel Corporation mills in 1941