The Key Elements of Great Businesses

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. In short, the idea that it does not matter what you do but where you do it from is no longer relevant due to the recent studies on the super rich. 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. Besides, it is a sector where men and women have an equal chance of becoming super wealthy. 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.

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.

In real estate are 163 personalities who made it to the list of world super rich. A majority of these persons have invested in the commercial real estate field. However, you will need serious capital to venture into productive real estate.

Becoming a billionaire is easy if you are into manufacturing due to the heavy demand for products that is currently being experienced. There are 157 global billionaires in this sector, meaning that you too could join them if you have a thing for producing items on a large scale. Here too, there are serious capital requirements that you need to satisfy before you get a solid footing.

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. Most of these wealthy individuals never started out with the intentions of making it to the lists of the world’s super wealthy. They simply wanted to do something they enjoyed or help in correcting some of the common problems in life. However, their activities soon catapulted them to the top in no time due to hard work and commitment.

Suggested Post: her latest blog