10 Industries That Can Make You A Billionaire

10 Industries That Can Make You A Billionaire

 

We found out what business sector most of the world’s billionaires earn their big bucks$.

In other words, the industries that are most likely to give you access to this elite group.

So check out our list given below and you’ll find out which industry takes the number one spot and you’ll also get to hear some insider tips and to where these industries are heading in the coming years.

 

10. MEDIA AND ENTERTAINMENT INDUSTRY

Music, films, TV, computer games, Youtube channels, good old- fashion reading or whatever form of entertainment people dream in the future;

these are always going to be a big part of our lives so shouldn’t come as a surprise that four percent 4% of billionaire made their money in this field and social media means if you’re an entertainer it’s never been easier to create a platform and brand yourself.

People who made their billions from entertainment include Oprah Winfrey and Jay z and they both demonstrate that for entertainers to get to the ranks of the super-rich it helps to branch out from your core activity.

In Oprah’s case publishing and Jay-Z’s fashion. You can earn billions.

9. ENGINEERING INDUSTRY

ENGINEERING: 10% of billionaires come from this sector and to join them you’ll only need to design a piece of engineering wizardly that can solve a problem that nobodies addressed before.

The one that’s clever enough to disrupt an entire sector of the market a case in point is James Dyson who invented the world’s first bagless vacuum cleaner and since then he’s branched out to a range of other appliances including washing machines and hand dryers and thanks to the pieces of savvy engineering he’s worth $16 BILLION dollars, making him the UK’s richest individual.

If you’ve got an idea that’s smart enough and they know how to see it through to completion you could even do it without any formal qualification in engineering, believe it or not James Dyson doesn’t have any qualification.

8. ENERGY INDUSTRY

For a long time, this has been one of the surest ways to get wealthy in the early days of a modern economy,Many of the first super-rich made their fortunes in energy like an oil tycoon

John D Rockefeller and once again four percent of today’s Billionaires come from this sector we all consume energy.The boom in this sector in near future is bond to be renewable energy.

The world is becoming greener out of necessity, besides renewable energy is cheaper and unlike oil and gas is unlimited in supply.

They don’t call it renewable for anything, solar is the fastest-growing energy source it now contributes less than 1 % of the world’s energy needs but its’s expected to increase between 5% and 20% in the next few years.

Elon Musk has invested heavily in solar with Tesla’s subsidiary solar city. 

7. FASHION INDUSTRY

You may not have guessed the fashion industry was such a heavy hitter but think about it and it makes sense.
Clothing, makeups is more than just a basic necessity for a lot of people.
One of the biggest motivation for putting in long hours is to be able to splash out on some high-end branded goods at the weekend also factor in that successful designers can make huge markups that’s because fashion items are priced by their perceived value more than the cost of commodities or real differentiation with other brands.
If you hit on the right formula there’s a huge potential to make big bucks.
The fashion industry has produced 5% of the world’s billionaires including Nike founder Phil knight as well as other familiar names like Kylie JennerGiorgio ArmaniRalph LaurenLoreal.

 

6. HEALTH CARE

One of our most basic needs is to stay healthy and we pay huge amounts of money on it whether directly on health bills through taxes or on health insurance.

A large portion of this money it way into the bank balances of 6% of the world’s billionaire and it’s no surprise that the pandemic has lifted more people in this industry to billionaire status and sure being a doctor can make you wealthy but billionaire probably not the real potential for 10-digit bank balances in the pharmaceutical industry or designing innovation medical devices or founding a chain of private hospitals or clinics.

The top end of the world’s super-rich health care is taken mostly by the owner of pharma companies with five of the top ten spots being occupied by Chinese billionaires but with other players on the list from USA, Germany, Switzerland, and India.

5. RETAIL INDUSTRY

Whether we do it online or we do it the old-fashion way in brick-and-mortar shops but we all need to keep on buying stuff one way or another so it’s no wonder that this takes a high place on our list accounting for 6.5% OF BILLIONAIRES.

Keep in mind it’ll probably produce fewer billionaires in the future that’s because most billionaires in this sector are heirs to fortunes that were built up over a long period of time like the 7 members of Walton family heirs to the Walmart fortune or the Albrecht family who inherited the Aldi business empire and what about the sector that’s taking it over online retail giants like Amazon are classed as tech and business services which we’ll be hearing about later.

4. FOOD AND BEVERAGE INDUSTRY

Whatever is happening in the world we will always need to eat and drink and currently, so around 8% of the world’s billionaires come from a food or drink background to become one of them you’ll need to figure out novel ways of producing food or preparing and distributing it.

People on the super-rich list in this field including heirs to fortunes including members of the Mara’s and Heineken families but there are also quite a few self-made billionaires in this groups like KFCMC DONALDS, Thailand’s DAN and CHARA VANNA who expanded his father’s shop into a farming empire worth $15 billion dollars, ZONG QUINGHOU his worth $12 billion dollars.

 

3. TECH AND BUSINESS SERVICES

Whatever the sector of the economy nowadays it relies on tech businesses use to transactions to communicate their message to public distribution and logistics and much much more and of course our private lives depend on tech too.

To be entertained to chat to shop or to hail a rideshare and 9% of BILLIONAIRES have made their fortunes in tech and if that number is going to change it’s probably going upwards.

New software and hardware is being developed and making previous versions obsolete faster than ever and with the arrival of 5G and the opportunities it’ll bring it looks like this is going to keep on accelerating.

It’s the field that most of the world’s most famous billionaires belong to Elon MuskMark ZuckerbergBill Gates, and world’s richest person Jeff Bezos and it’s a boom area for young billionaires the list of self-made billionaires under 30 years old are mostly intact they include Evan Spiegel founder of Snapchat

 

 

2. REAL ESTATE

Real Estate: not only does this industry fulfill our basic need for shelter with the population growth it’s going to be even more in demands and keep in mind that for most of us buying the place where we live will be the biggest transaction we make in our life so there’s little wonder that huge amounts of money can be made in real estate with 9% of BILLIONAIRES belonging to this industry.

There are several paths into it, you could start as a real estate agent or you can set up a construction firm or be a supplier of construction material, of course, most of Donald Trump’s fortune real estate although his slightly over $2 Billion Dollars fortune isn’t a patch in the skies of other American real estate moguls like Steve Ross $7.6 Billion, Donald Bren $16.4 Billion Dollars or any of the world’s five highest played in real estate who are all from China or Hong Kong topped by Zhu Jia yan who earth 37 Billion dollars.

 

1. BANKING AND FINANCE

Banking and Finance: think of any hugely successful company in any industry behind that success there was somebody who knew exactly how to deploy the money and grow it and thanks to their investment choices they didn’t just make that company a success they also grew their own wealth big-time.

 

Banking and finance produced 15% of the word’s billionaires today some of them made it as private investors other from setting up investment firms and others as venture capitalists Warren Buffet is known by many as the world’s greatest investors and with a net worth of $90 Billion Dollars he is currently the fourth richest person in the world.

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