When it comes to becoming a billionaire, many people opt for many different industries. But some fields always had an edge. People have been able to turn their idea into reality and earned billion in these fields. And this is exactly what we are going to look at today.

According to Business Insider, there is over a thousand billionaire all over the world. That means many have found the secret sauce of Earning Billions. So, without any further ado let us dive right in, and find out more about the industries.

Real estate

According to Wealth-X, over 7.6% of the wealthiest people made their money on real estate. And this one is a complete no-brainer. Real estate has some of the largest returns on investment than any other industry in the world.

And this is why a massive number of Billionaires are somehow involved in real estate. The wealthiest real-estate developer in the united states is named Stephen Ross. He has a net worth of around 8 Billion US dollars.

Technology

With the ever-growing technological development, most of the Billionaires on the top of the mountain are from tech industries. Even though the tech industry does not hold the title of having the most number of billionaires on the list, but they have some of the richest individuals in the industry.

Some of the noteworthy names will be, Bil Gates, Mark Zuckerberg, Larry Page, and last but not least Elon Musk.

Health Industry

This may come as a surprise. But there are a big number of Billionaires in the Health industry. For example, the richest person in Switzerland is a massive shareholder in the pharmaceutical company Serono.

Investment and Finance

If you are handling money, you are going to earn a ton of it as well. This is the main motto of this industry. And nevertheless, it works like a charm.

Some of the most ultra-wealthy Billioniers are from the investment and finance industry. The banking, investment, and finance industry arguably hold the most number of Billionaires.

And even though many of the billionaires we see today are not into finance, most of them started there.

Manufacturing

There is no shortage of billionaires in the manufacturing industry. Almost 7 percent of the wealthy people have made their fortune from the manufacturing sector according to Wealth-x.

Some of the other noteworthy industries full of billionaires would be

• Food and Beverage
• Energy
• Media
• Fashion and retail

A thing to keep in mind is that most of the billionaires did not set out to be one in the first place. But research has shown that most successful ones started their careers in these industries. That means these industries have what it takes to convert the hard work, passion, and master plans into Financial mountains.…

When it comes to the net worth of the richest individuals in America, the top 400 adds up to almost $3.2 Trillion, According to Forbes.

So, without any further ado, let us take a look at the top 5.

Jeff Bezos

On the top of the list is the CEO and founder of Amazon, Jeff Bezos. according to Forbes, He has a net worth of 177.7 billion U.S. dollars. 

He founded his E-Commerce website Amazon back in 1994. and this is the stepping stone for Jeff Bezos rich the title of the highest net worth individuals in America. 

In 2019 due to divorce, he transferred almost a quarter of the Amazon stake to her wife Mackenzie. This made her the richest woman in America. In 2019 alone Amazon has a record revenue of 280 billion U.S. dollars. 

Elon Musk

In the second spot, we have thought CEO of Tesla, Elon Musk. in recent years the fortune Elon Musk was jumped by a massive 500%. He now has a net worth of over 150 Billion US dollars.

And all of this is due to his private market valuation from SpaceX. SpaceX is dedicated to design, manufacture and launch advanced quality spacecraft and Rockets. Founded in 2001, SpaceX is designed to take space technology to a new height. 

Bill gates

The third highest net worth individual in America is no other than Bill Gates with a net worth of almost 124 billion U.S. dollars. Bill Gates is a software developer and the founder of Microsoft. He is also a co-founder of the Bill and Melinda Gates Foundation. 

Bill Gates is dedicated to helping the less fortunate, with the world’s largest private charitable foundation. In the early months of May 2020, this charity foundation declared to spend roughly 300,000,000 U.S. dollars to fight the pandemic, provide funding for treatment and vaccines. 

Mark Zuckerberg

#4 on the list is CEO of Facebook Mark Zuckerberg. He has a net worth of almost 100 billion U.S. dollars he started this social media giant called Facebook back in 2004 at the age of only 19. 

It was a private project only to be used among the classmates to share their names and photographs. But after seeing the message potential on his platform he took it public in May 2012. And to this day he is the owner of almost 15% of the Facebook stock. 

Warren Buffett

The man who holds the number fifth spot is no other than Warren Buffett. He’s the CEO of Berkshire Hathaway, with a network of 95 billion U.S. dollars. 

He is one of those most successful investors of all time. Berkshire Hathaway once over 60 companies. He started his investment journey at the age of 11. And he is dedicated to donating over 99% of his wealth to charitable foundations. …

From wall street to anywhere else in the world, we all know the name, Warren Buffett. He is without a doubt, one of the biggest and the greatest investors of all time. And he is currently 90 years old.

So how does this 90-year-old investor become one of the greatest investors of all time? Let us find the right out.

To everyone’s surprise. Warren Buffett was born in the starting days of the Great depression. And this raised his passion and interest in the field of investing in the early days. His father started his firm on stock brokerage during this depression. And this is where Warren Buffett got his early lesson on investments.

Warren Buffett started his financial journey at the early age of 11. At the age of 11, he already started investing in stocks. And at the time he was 12 years old, he was already running his own pinball machine business and was successfully filing taxes. 

This is the time when he slowly began to understand the magic of compound interest. he believes that compound interest is without a doubt the eighth wonder of the world. 

By the time he was 30 years old, he already had a net worth of 1,000,000 U.S. dollars. And from his journey to that 1 million to the almost 90 billion today, is the result of the financial base he made for himself at an early age. 

Unlike regular teenagers who spend their time finding their passion, wasting money on exploration traveling, or other necessities, invested in stocks. And this is why his momentum towards his net worth is massively different than a regular person. 

Warren Buffett understood that good investment are not always about getting the highest returns. He is the master in the art of patience. Instead of looking at the great returns, he looked at the long-term growth of the investment. 

In addition to the long-term investment, keeping compound interest in mind, here are some of the other not what they habit that created such a huge net worth. 

First of all, according to Make it he does not have any real interest in real estate. He lives in the same old house he bought back in 1958. 

He only spent on a Sedan in 2014 because his daughter was embarrassed to be driving one. 

Almost 90% of the fortune of Warren Buffett comes from his Berkshire holdings. In addition to that, he also has a massive number of personal stock holdings. He is the pioneer of modern-day investment who still loves eating McDonald’s for breakfast.

Instead of panicking like newbie investors when the shares take a hit, he was always in it for the long game. And this philosophy and years of experience in investing in the right business, made him reach such a huge net worth today.…