“Ninety percent of all millionaires become so through owning real estate.”The above words – extremely popular in the modern real estate scenario – and widely attributed to American steel magnate Andrew Carnegie, emphasises the importance of ownership. Real estate fits that logic because it can combine leverage, rental cash flow, long holding periods, and the possibility of rising land value. Real estate is often romanticised, but durable wealth through property is usually built through patience, selection, financing, upkeep, and timing. More about Andrew Carnegie Andrew Carnegie was born in Dunfermline, Scotland, in 1835 and immigrated to the United States with his family in 1848 after economic hardship hit the weaving trade. After selling Carnegie Steel to J.P. Morgan in 1901, he turned decisively toward philanthropy and argued that great fortunes should be used for ‘the improvement of mankind’.

Source: Mint April 11, 2026 12:04 UTC