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In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371.
Be a billionaire by studying interest rates, tax brackets and dividends. Study finance and entrepreneurship. Learn to identify consumer needs, then develop business models to fulfill those needs. Currently, computer science skills and new technology are lucrative careers.
It isn't easy to become a billionaire especially if you haven't already made millions. You will need time, patience, investment savvy, and entrepreneurship to become a billionaire unless you are born into a family with billions that you stand to inherit.
The Most Common Degrees
When we look at individual degrees, economics still sits at the top of the table with 16 of the top 100 billionaires having studied the subject.
The financial service industry has created the most millionaires in modern times. The financial system manages the money of people worldwide.
Becoming a first time billionaire takes a bit longer, with the average age coming in at 51. So, what is the secret behind how to become a millionaire? Like anything in life worth achieving, amassing wealth takes time and dedication. It's never too early to start working toward your financial goals.
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.
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.
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.
Thus, it is the desire for freedom and independence, not the pursuit of luxury goods, that is the most important motivation for most rich people to become rich.
It requires you to think like a billionaire and develop traits like setting big goals, being willing to take risks, not giving up when things don't go as planned, always learning and getting better, and having a strong work ethic.
“90% of all millionaires become so through owning real estate.” This famous quote from Andrew Carnegie, one of the wealthiest entrepreneurs of all time, is just as relevant today as it was more than a century ago. Some of the most successful entrepreneurs in the world have built their wealth through real estate.
Still commonly used is multimillionaire, which refers to individuals with net assets of 2 million or more of a currency.
They Maintain a Daily To-Do List. In his book "Rich Habits," Corley stumbled upon another finding: making daily to-do lists is one of the key habits of the wealthy. In fact, his research showed that 81 percent of the wealthy maintain a to-do list versus 19 percent of poor people.
Richest man in the world, Bill Gates, dropped out of Harvard to focus on Microsoft full-time. Sure, he may have had the most intelligent computer software the world had ever seen up his sleeve, but still, he dropped out and still managed to be the world's biggest success. INSPO.
Bill Gates, Mark Zuckerberg, and Steve Jobs are three college dropouts who famously went on to become billionaires. However, it's important to remember dropout billionaires are the exception, not the rule.
John D. Rockefeller is often cited as the world's first billionaire, achieving that status in 1916 largely through his ownership of Standard Oil.
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.
Age: 21 | Citizenship: South Korea | Source of Wealth: Online gaming | Net Worth: $1.7 Billion. Along with her younger sister, Kim Jung-youn, Jung-min inherited around a third of their family's assets—including a 15% stake each in game maker Nexon—after their father Kim Jung-ju died in February 2022.