What industry do the most billionaires come from? (2024)

What industry do the most billionaires come from?

The top industry overall is finance and investment, with 14 percent of billionaires making their riches there. Manufacturing and technology are the next safest ways to get mega-wealthy; 12 percent of the world's billionaires come from these industries.

Which field produces most billionaires?

In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371.

Which industry is best to become a billionaire?

The technology, finance and investment, real estate, energy, and retail industries are just a few examples of the sectors that have created wealth for entrepreneurs.

What major produces the most billionaires?

1. Engineering. Coming in at the top is engineering - which might surprise you, but the scope of engineering is huge and widening all of the time. 22% of the world's top 100 billionaires studied some kind of engineering.

Which industry produces most millionaires?

Financial Services

The financial service industry has created the most number of millionaires since modern times, according to the Wealth Report. In the business of money, people make a lot of money.

What industry will create the first trillionaire?

However, even some ultra-rich people themselves believe the world's first trillionaire will come from the tech space.

Which field is richest in the world?

List of Top 10 Highest Paying Jobs in the World
  • Chief Executive officer.
  • Anesthesiologist.
  • General and Orthopedic Surgeons.
  • Psychiatrists.
  • Data Scientists.
  • Software Engineers.
  • Investment Banker.
  • Petroleum Engineers.

What industry makes the most money?

The three highest paying industries globally are:
  • Finance and banking.
  • Information technology.
  • Healthcare.
Dec 28, 2023

Where do most billionaires work?

Many of the billionaires come out of the same industry, so let's take a look at them.
  • Finance. 15% of the world's billionaires work in finance. ...
  • Manufacturing. The second most lucrative industry for billionaire production is manufacturing. ...
  • Technology. ...
  • Fashion and Retail. ...
  • Health.
Apr 20, 2022

Where do most millionaires make their money?

Many self-made millionaires have money coming in from several places, including their salaries, dividends from investments, income from rental properties and investments they have made in other business enterprises, to name a few examples. If one income stream slows down, there's another that can take its place.

What is the most common job for billionaires?

Finance and investments remains the surest way to get ultra-rich. It's the industry with the highest number of billionaires, 372, including hedge fund and private equity tycoons, bankers, venture capitalists and fintech founders.

What do rich kids major in?

  • Commerce. Commerce is a central pillar of the global economy, so it's no great shock to learn that a degree in the subject yields a high number of millionaires. ...
  • Bachelor of Business Administration (BBA) ...
  • Law. ...
  • Economics. ...
  • Master of Business Administration (MBA)

What degree do most CEOs have?

The education background of CEOs

The Bachelor of Arts and Bachelor of Business Administration was the most popular undergraduate degrees among Fortune 100 CEOs, with 53% of CEOs identified as having obtained one of these two degrees.

How are 90% of millionaires made?

Real estate investment has long been a cornerstone of financial success, with approximately 90% of millionaires attributing their wealth in part to real estate holdings. In this article, we delve into the reasons why real estate is a preferred vehicle for creating millionaires and how you can leverage its potential.

What were the top 3 most common occupations among millionaires?

The top 5 careers of millionaires: 1. Engineer 2. Accountant (CPA) 3. Teacher 4.

Where do billionaires keep their money?

Common types of securities include bonds, stocks and funds (mutual and exchange-traded). Funds and stocks are the bread-and-butter of investment portfolios. Billionaires use these investments to ensure their money grows steadily.

Who is the closest to becoming a trillionaire?

As of today, no billionaire is within striking distance of becoming a trillionaire. Elon Musk is, at present, the world's richest person, with a net worth of $206 billion, while Jeff Bezos is in the number two position with $179 billion, according to Bloomberg.

What billionaire started from nothing?

No matter the journey, whether they dropped out of college or were born into poor circ*mstances before they started grinding their way to the top, these billionaires went from rags to riches in a multitude of ways: Oprah Winfrey. Howard Schultz.

What is the #1 highest paying job in the world?

1. Chief Executive Officer (CEO) This post comes with a lucrative salary and high authority, with an overall employment rate supposed to show an average rise of 8% between 2020 and 2030.

What is the most respected profession in the world?

Doctor (Physician/Specialist)

Being a doctor is the most respected job in world but it comes with its own set of challenges.

What is the richest job in America?

Top 10 Highest paying jobs in America — USA:
  1. Dentist: The highest paying jobs in America involve diagnosing and treating oral health issues and require a Doctor of Dental Surgery (DDS) degree and state licensure. ...
  2. Physician: ...
  3. Psychiatrist: ...
  4. Anesthesiologist: ...
  5. Obstetrician: ...
  6. Pediatrician: ...
  7. Orthodontist: ...
  8. Surgeon:
Feb 14, 2024

What is the least profitable industry?

And now for the least profitable industries:
  • Oil and gas extraction: -7.6%
  • Support activities for mining: 0.6%
  • Beverage manufacturing: 0.8%
  • Grocery and related product merchant wholesalers: 1.9%
  • Lawn and garden equipment and supplies stores: 2.0%
  • Miscellaneous durable goods merchant wholesalers: 2.3%
Nov 7, 2016

What are the top 5 most profitable businesses?

According to Statista, the top five most profitable businesses in the world are Saudi Aramco (valued at $156.4 billion), Apple (valued at $94.3 billion), Microsoft (valued at $69 billion), Exxon Mobil (valued at $61.7 billion) and Alphabet (valued at $58.6 billion).

Which industry makes the least money?

Least profitable small business industries
  1. Oil and gas extraction. ...
  2. Medical equipment and supplies manufacturing. ...
  3. Home healthcare services. ...
  4. Real estate services. ...
  5. Amusem*nt and recreation services. ...
  6. Traveling accommodations. ...
  7. Retirement and assisted living facilities. ...
  8. Furniture stores.
Sep 10, 2020

What state do most billionaires live in?

Here are the top ten U.S. states where the most billionaires live:
  • California — 186 billionaires.
  • New York — 135 billionaires.
  • Florida — 78 billionaires.
  • Texas — 73 billionaires.
  • Illinois — 23 billionaires.
  • Massachusetts — 22 billionaires.
  • Georgia — 18 billionaires.
  • Pennsylvania — 18 billionaires.

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