Idea of Billionaire
We know that you a lot students are ambitious people. And we're sure that some of you are planning on how one day you'll be able to afford luxuries like your own private jet or super yacht, or employing a full time housing staff and maybe even buying a sports team for good measure. Yes, we were talking about joining the ranks of these lucky people with 10 figure bank balances the world's billionaires. We know it's one of the reasons why you're subscribed to this channel. Welcome to a our wbsite is the place where future billionaires come to get inspired. If you're not subscribed, yet you're missing out. But today's web page is even more closely connected than usual with the hot topic of how to become a millionaire. Because we've done our homework and found out what business sectors most of the world's millionaires earn their big bucks in, in other words, the industries that are most likely to give you access to this elite group. So stick with us until the end of our countdown. And you'll find out which industry takes the number one spot. And you'll also get to hear some insider tips into where these industries are heading in the coming years. So without any further ado, let's get some inspiration and look at the 10 most likely industries that can make you a billionaire
Can engineers become billionaires?
4% of billionaires come from this sector to join. Basically, you'll need to design a piece of engineering wizardry that can solve a problem that nobody's addressed before. 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. And since then, he's branched out to a range of other appliances, including washing machines and industries.
And thanks to some savvy engineering, he's worth $16 billion, making him the UK is registered dividual. If you've got an idea that's smart enough and the know how to see it through to completion, you could even do it without any formal qualifications in engineering. Believe it or not James Dyson doesn't have any
Media and entertainment.
People will always want to be entertained music films, TV, computer games, YouTube channels, good old fashioned reading or whatever form of entertainment people dream up in the future. These are always going to be a big part of our lives. So it shouldn't come as a surprise that 4% of millionaires 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 and JC and they both demonstrate that for entertainers to get to the ranks of the super rich and helps to branch out from your the world has changed the way yearns to get through the ranks of the super rich and helps to branch out on your core activity in Oprah's case publishing, and in Jay Z's fashion.energy industry to be a billionaire
For a long time this has been one of the surest ways to get wealthy. In the early days of the modern economy. Many of the first super rich made their fortunes and energy, like oil tycoon John D. Rockefeller, and once again, for presenting today's billionaires come from the secretary.
From the sector, we all consume energy so this is unlikely to change. What will change is the type of energy we consume. The boom in this sector in the near future is about.
To be renewable energy, the world is becoming greener out of necessity besides, renewable energy is cheaper and unlike oil and gas is unlimited and supply. They don't call it renewable for nothing. Solar is the fastest growing energy source they've now contributes less than 1% of the world's energy needs, but it'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. There's also huge potential for people who can come up with innovative solutions and other renewables like wind power, hydropower, and geothermal as well as eco friendly energy storage systems.
fashion industry billionaires
you may not have guessed the fashion industry was such a heavy hitter, but think about it and it makes sense. Clothing is more than just a basic necessity. we're happy to spend money so we can wear something that makes us look and feel good. And for a lot of people, One of the biggest motivations 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 lower than the cost of commodity explore real differentiation with other brands. If you hit on the right formula, there's a huge potential to make the big bucks.
How 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 Giorgio Armani, Ralph Lauren Dominica, Dolce and Stefano Gabbana.
How do the rich stay healthy?
Care Of course, 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 makes it way into the bank balances of 6% of the world's billionaires. And it's no surprise that the pandemic has lifted more people in this industry up to billionaire status and sure being a doctor can make you wealthy but billionaire probably not the real potential for a 10 digit bank balances in the pharmaceutical industry or designing innovative medical devices or founding a chain of private hospitals or clinics. The top end of the world super rich and health care is taken mostly by owners of pharma companies with five of the top 10 spots being occupied by Chinese billionaires, but with other players on the list from the USA, Germany, Switzerland and India. If you've got the know how and the drive, you can make waves in this industry no matter where you're from.Retail for billionaire
whether we do it online or we do it the old fashioned way in brick and mortar shops, and 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 millionaires in this sector are heirs to fortunes that were built up over a long period of time, like the seven members of the 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 more about later.number four
For food and beverage, whatever is happening in the world, we'll always need to eat and drink and currently around 8% of the world's billionaires come from a food or drink background. To become one of them. You'll have to figure out novel ways of producing food or preparing a distributed people on the super rich land.
Preparing type distributed. People on the super rich list in this field include heirs to fortunes, including members of the Morris and Heineken families. But there are also quite a few Self Made Millionaires in this group like Thailand Stan and Charles, who expanded his father's chicken soup shop into a farming Empire worth $15 billion. China's song King Howe, who made his money through bottled drink giant Wahaha and is now worth $12 billion, or Mexican American Daniel lubelski, who created the first kind of getting his inspiration from eating a whole fruit and nut bar. on a business trip to Australia is now worth $1.2 billion.
