Napoleon Hill's Think and Grow Rich: A Fake Carnegie Story and a $300 Loan
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Napoleon Hill's Think and Grow Rich: A Fake Carnegie Story and a $300 Loan

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Napoleon Hill claimed his philosophy began in 1908 with a multi-day conversation in which Andrew Carnegie commissioned him to study the world's most successful people. Carnegie biographer David Nasaw found no evidence the meeting happened, and Hill only began telling the story after Carnegie died in 1919. In 1908 Hill was actually in Alabama, on the run over a lumber fraud scheme in which he bought lumber on credit, sold it cheaply for cash and fled. Of the many titans he claimed to have interviewed, historians can verify only one brief encounter with Thomas Edison.

By 1935 his second wife, Florence, had divorced him and he was broke. In 1936 he met Rosa Lee Beeland at a lecture, proposed the next day and married her, and the couple moved into the New York apartment of his adult son Blair. The episode recounts allegations that Hill harassed Blair's wife, Vera, until she fled, and Blair followed after lending them $300 to finish the book. Think and Grow Rich appeared in 1937 from the Ralston Society, with Rosa as uncredited co-author and editor. To keep royalties from Florence, Hill put the rights in Rosa's name, and when they divorced in 1940 she kept them.

  • Hill's biographers later claimed the book sold 20 million copies over 50 years, a figure some historians argue is inflated.
  • The book's 13 steps run from desire, faith and autosuggestion through the power of the mastermind to the sixth sense.
  • One step, the mystery of sex transmutation, held that sexual energy could be redirected into business ambition.
  • Its Great Depression release told readers that disciplined thoughts, not banks or markets, determine wealth.
  • The $300 loan was never repaid, and Rosa reportedly taunted Blair about it in later years.

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