You might be shocked to discover what some of these amazingly wealthy people did for their first jobs. Let's take a closer look. A study conducted by the sales recruitment specialist company Aaron Wallis revealed that the most common first job amongst the billionaire crowd is a salesperson.
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.
The most likely way to make a billion-dollar fortune: go into finance and investments. That sector has minted the most billionaires in the world, with 371 people, or about 13% of the entire list. It was the top industry for billionaires in 2020—the last time we tabulated the number of billionaires per industry—as well.
Valentina Pinault: $7.1 Billion
At 15, Valentina Pinault is the richest teen on this list if not the world -- although her net worth is based on her parents' net worth. Not only is she the daughter of actress Salma Hayek, but her dad is Francois-Henri Pinault -- a literal billionaire.
He has an entire fleet of supercars. However, he is too young to drive them and he is not tall enough to reach the pedals of cars. The real name of Mompha junior is Muhammed Awal Mustapha. He is a “baby influencer” with close to 27,000 followers on his Instagram profile.
Forbes' real-time data shows that as of June 2023, there are 48 Australian billionaires on the list of the world's richest people.
Since 2021, Francoise Bettencourt Meyers is listed as the world's wealthiest woman.
Today, there are no known trillionaires in the world. But there are more billionaires than ever before and a handful of companies with a trillion-dollar market cap.
The top 1% of earners, then, make almost nine times the median income in the U.S. The people who earn enough to meet this threshold work in a range of industries and include doctors, lawyers, business owners and executives—but this also varies regionally.
Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.
Bill Gates, Elon Musk, Jeff Bezos and many other billionaires worked hard day and night to build their respective companies from scratch to where it is today. They are an inspiration to all.
A trillionaire is an individual with a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency, such as the euro or the British pound. Currently, no one has yet claimed trillionaire status, although some of the world's richest individuals may only be a few years away from this milestone.
"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.
Gina Rinehart: $43.17 billion
With a net worth of an excruciating $43 billion, Rinehart is not only the richest woman in Australia - by a large margin - she is also the eighth-richest woman in the world and among the wealthiest humans alive.
Meet Japan's First Self-Made Woman Billionaire
A onetime secretary with a high school degree, Yoshiko Shinohara founded a temp staffing agency in the 1970s. Now it's a $4.5 billion company – and she's got a 10-figure fortune.
Australians wanting to be in the country's top 1% for wealth need to have an individual net worth of US$5.5 million ($8.3 million), Knight Frank's 2023 Wealth Report has found.
Australia's richest person, Gina Rinehart, is the daughter of iron-ore explorer Lang Hancock. Rinehart made her wealth rebuilding Hancock Prospecting, becoming chair in 1992 when her father died.
According to Credit Suisse's Global Wealth Report, the average wealth of Australian households was $628,000 per adult in 2020, the fourth highest in the world behind Switzerland, the United States and Hong Kong (North America as shown on the graph refers to the region, as does Asia-Pacific and Europe).
But old age is not a requirement for amassing great wealth. In fact, there are 15 people around the globe who boast a three-comma fortune despite being 30 years old or younger. The youngest of this mostly lucky bunch are Clemente Del Vecchio and Kim Jung-youn, neither of whom have hit their 20s yet.
Sarah Rector, America's Youngest African-American Millionaire…in 1913 – Power Networking Conference.