Want to become a billionaire? These are the industries that have minted the most ultrawealthy people (2024)

FAQs

Want to become a billionaire? These are the industries that have minted the most ultrawealthy people? ›

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.

427 billionaires amassed their fortunes in the finance sector, making it the industry that yields the most billionaires, followed by technology, manufacturing, retail, and food and beverage, according to Forbes.

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.

Engineering

This might surprise you, but the scope of engineering is huge and widening! KEY FACT: Engineering is the most common degree among billionaires. 22% of the world's top 100 billionaires studied engineering.

A billionaire has a net worth of at least one billion units in their native currency. Net worth is the value of a person's assets, minus the liabilities they owe. Billionaires can have a variety of assets, including cash and cash equivalents, real estate, and business and personal property.

By those standards, the five jobs with the most millionaires are engineer, accountant, teacher, people in management, and lawyer.

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 is the best industry to become a millionaire? ›

In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371. Here's a list of the seven best careers if you want to be a millionaire.

"Of the 21 individuals who stand a chance of reaching this phenomenal milestone in their lifetime, Elon Musk is predicted to be the first," said CEO Magazine. This prediction was reiterated by The Guardian, The Economic Times and many others.

Finance. As well as equipping graduates with the relevant skills and learning for a career in its field, a degree in finance is a strong indication of a pre-existing enthusiasm for money matters – which may translate into higher earnings. Take hedge fund manager John Paulson, for example.

Billionaires' wealth is concentrated in company stock, and their companies' value lies mostly in ideas and processes, not cash and physical property. The economy depends on some people having more than they need to consume, as their investments of capital fund business operations and private lending.

In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371. Here's a list of the seven best careers if you want to be a millionaire.