Industries Where the World’s Billionaires Got Their Money
There are sectors with the ability to create more billionaires than their alternatives. So, the thought that it does not matter what you do but where you do it from is far from the truth, according to the latest statistics. Top of the world’s richest personalities tend to partake in business activities that are related to certain industries. Next is a look at some of the industry types that you should think of in case you wish to follow the footsteps of the world’s top billionaires.
The finance and investment industry has created to the largest number of the world’s billionaires. 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. The field of fintech, which refers to financial technology services, is responsible for a significant rise in the number of successful entrepreneurs in this sector. The future of fintech is quite bright due to its increasing popularity, and that will make it produce a large number of billionaires for the finance and investment industry, which will continue to lead the pack for the next few decades.
The fashion and retail sector is the number two producer of the super wealthy that are in the globe. With 12% of the world’s rich, there are 221 billionaires in this industry.
Real estate is estimated to hold 163 billionaires. 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.
Since the demand for products keeps on rising, an investment in manufacturing is one that could make you a billionaire one day. 157 of the worlds’ billionaires are into manufacturing, and you can join their ranks if you make an investment in that sector. Manufacturing too requires you to invest serious funds in it because that is the only shortcut to success.
4 of the top industries that have produced the most billionaires in the world have been highlighted briefly in the text above. A number of others such as telecommunications, pharmaceuticals, energy, food and beverage, and media and entertainment have also made significant contributions to making certain personalities super rich. 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. In a matter of years and after putting in a lot of effort, their ventures turned into what we know today- multi-billion enterprises that are known the world over.