According to Forbes, there are currently 2,755 billionaires in the world. An astonishing 13% of these ultra-rich have made their fortune in the investment and business sector. In just the past year alone, the amount of people attaining billionaire status in this industry has grown by 50%- a trend that doesn’t seem to be slowing down any time soon. In 2020, CBS News reported that the world’s billionaires held over 60% of the world’s wealth, which equates to approximately 4.6 billion people. Though many people are outraged at the concept of billionaire status, it seems to be a more common thing to achieve these days. Many billionaires are quite involved in philanthropic missions and giving back to charity, so they’re not all bad!
This year, there are some industries that have been particularly successful. The pandemic has certainly not slowed down the earning potential in these top industries.
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5 Real Estate
The real estate industry boasts 215 billionaires, including the mega successful Chinese real estate mogul, Lee Shau Kee, who has a net worth of about $31.7 billion, according to Forbes. He has been a staple in the Chinese real estate sector for over 40 years, and holds multiple titles and positions within its umbrella. Notably, he is the founder, chairman, and managing director of Henderson Land Development Company Limited, according to BrainPrick. Housing is an industry that will never become irrelevant, but making it super rich is definitely something only few have been able to do.
4 Food & Beverage
The food and beverage industry is one of the world’s most profitable sectors, with 219 billionaires falling within this category. Chain restaurants, such as McDonald’s are some of the biggest money-makers in this category. In 2020, due to the pandemic, the McDonald’s international franchise saw a loss of 10% in net revenue, but still amassed a total of $19.2 billion during the fiscal year, according to Macro Trends.
3 Retail & Fashion
While some industries definitely took a huge hit during the pandemic, the retail and fashion industry were able to maintain their equilibrium, largely due to the popularity of e-commerce. According to CNN, the pandemic has had a ‘supercharge’ effect on online shopping, and it’s unlikely that consumers will ever fully return to their shop-in-shop habits of the past. Global e-commerce sales are expected to increase by 16.5%, reaching an incredible $3.9 trillion in revenue. While there are obvious advantages to having a very sophisticated e-commerce platform, many local and independent artists have struggled to make ends meet during the pandemic. The competitive prices, lower or free shipping rates, and shipping speeds have given powerhouses like Amazon a huge surge in profits.
Technology is one of the fastest-growing industries of our generation. With some of the world’s most famous billionaires, like Elon Musk and Jeff Bezos, being part of this sphere, it’s no wonder there is a ton of money in tech. With 365 billionaires in the technology industry, it is one of the largest hubs for the super-rich. Celebrity billionaires such as Musk and Bezos are focusing much of their focus on the future of space travel: civilian missions. Both are racing to get their individual space agencies approved to launch civilians to space for joy rides, which will cost at least $250,000 per passenger, in the first stages. Perhaps one day it will be very common to take a trip to the moon, and the ticket prices will fall!
1 Finance & Investing
Investment banking is a entirely different game than it was some 10 years ago. With the increase in major cryptocurrency trades, investments have been given a whole new dynamic. There are 371 billionaires in the investment industry, worldwide, and none more notable than Warren Buffett, who is one of the richest men in the world, with a net worth of $101 billion, according to Celebrity Net Worth. Buffett, who invested in dozens of companies from a young age, has a philanthropic heart, and vows to donate most of his wealth to charity before he dies. Though he is an extremely savvy businessman, he finds balance by living a seemingly average life. Buffett still lives in the Omaha home that he purchased back in 1956, and isn’t particularly computer-savvy, despite his mass success in the business world. The banking and finance industry claim the most billionaires in the world.
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Sources: Forbes, CBS News, BrainPrick, Macro Trends, CNN, Celebrity Net Worth
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