Resources Tips for The Average Joe

Industries Where the World’s Billionaires Got Their Money

It turns out that a number of sectors are better suited to creating billionaires than others. While that thought is arguable since some schools of thought are of the opinion that it matters not whatever you do but where you do it from, statistics don’t lie. The world’s billionaires get their money from certain types of industries, which is a fact that has now been proven again and again. So, if you wish to be a billionaire yourself, it pays to learn about these sectors so that you can get a starting point.

A majority of the super rich in the world work in the finance and investment industry. It not only has the largest numbers of billionaires but is an industry where both men and women have the opportunity to make it big. The sector has a total of 267 of the total 1,810 billionaires that the world has at present. Partly to credit for the rise of this sector to the top is the field of fintech or financial technology services. With its popularity growing exponentially, fintech will catapult the sector of finance and investment to greater heights, meaning that the latter will continue to produce the highest number of billionaires for a considerable period into the future.

Fashion and retail is another sector that has a good number of billionaires. Currently 12% of the world’s billionaires who are 221 in number are in this industry.

Currently 163 of the world’s wealthiest come from real estate. The property types that seem favorite in this regard are those of a commercial type since they are the sources of the most income. Entry into this sector is not easy for many due to the heavy capital investments involved.

Becoming a billionaire is easy if you are into manufacturing due to the heavy demand for products that is currently being experienced. 157 of the worlds’ billionaires are into manufacturing, and you can join their ranks if you make an investment in that sector. Just like in real estate, the capital requirements in manufacturing are quite substantial.

The top are four of the top industries that have created the current crop of billionaires. However, there are others that have also made significant contributions to making some people wealthy, and these are energy, media and entertainment, telecommunications, food and beverage, and healthcare. An important point to note is that many of those who set up businesses that have made billions for them never had such ambitions at the onset. For most, their ventures were meant to satisfy their various interests or to help solve pressing problems in the world. It is after nurturing their ventures and working hard that they soon became top in their leagues in terms of fame, cash, and quality.

Citation: The 9 Most Unanswered Questions about Companies