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Business in which industry you need to start to become a billionaire in the USA: interesting statistics

'02.11.2022'

Olga Derkach

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There are many ways to get on the list of the richest Americans, but some are more likely to make you a billionaire. Billionaires have made their fortunes in all sorts of things, including web hosting, video games, and Beanie Babies. But some industries are more likely than others to land you on the Forbes 400 list of the richest people in the United States. What are these industries, the publication said Forbes.

In fact, almost half of this elite club has amassed a fortune in one of two industries: finance and investment or technology. These two sectors dominated the list this year, as they did in 2021.

Finance and investment moguls, including investors and those involved in wealth management, private equity and hedge funds, make up the 108 billionaires in the 2022 ranking. This is more than 103 last year.

At the top are Charles Schwab, who founded the brokerage firm that bears his name in 1971, and Carl Icahn, an activist shareholder who bought large stakes in companies. Warren Buffett, first listed on the Forbes 400 in 1982, is the richest person in finance and investment, with an estimated net worth of $97 billion.

These legends appear today among America's richest people, along with others who made their billions in ways that were unimaginable four decades ago.

Sam Bankman-Fried, 30, and Gary Wang, 29, for example, co-founded the FTX cryptocurrency exchange and are now the youngest members of the Forbes 400 and two of the four crypto billionaires on the list.

Other newcomers to finance and investing include billionaire Arthur Danczyk, investor and sports mogul Todd Boly, fintech mogul Hayes Barnard, and private equity billionaires Steven Decoff, Carl Thoma and Steven Feinberg.

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The second most common industry for Forbes 400 members is technology, which employs 65 billionaires, including six of America's ten richest people: Amazon founder Jeff Bezos, Microsoft co-founder Bill Gates, Oracle founder Larry Ellison, Google co-founders Larry Page and Sergey Brin , and Steve Ballmer, former CEO of Microsoft.

Other notable tech billionaires include Melinda French Gates, ex-wife of Bill Gates, worth an estimated $6,4 billion, and Mackenzie Scott, ex-wife of Jeff Bezos, worth an estimated $37,7 billion. Newcomers this year include Rick Cohen , the billionaire behind C&S Wholesale Grocers and warehouse automation firm Symbotic; Leo Koguang, founder of IT provider SHI International; and Hua Shen, who made his fortune in the semiconductor industry.

Nearly all of the top 10 industries for Forbes 400 members this year were in the top XNUMX last year as well. The one exception is the service industry, which includes billionaires like Carnival cruise company chairman Mickey Arison and aircraft leasing pioneer Stephen Udvar-Hazy.

The service sector has replaced healthcare, which has lost five out of 400 billionaires this year, including Noubar Afeyan, Robert Langer and Timothy Springer, three Covid-19 vaccine billionaires.

Here are the industries with the most billionaires on the Forbes 400 in 2022:

Finance and Investments

  • 108 billionaires
  • 27% of the list
  • Collective capital: $856 billion
  • Wealthiest: Warren Buffett, $97 billion

Technologies

  • 65 billionaires
  • 16,3% of the list
  • Collective capital: $1,06 trillion
  • Wealthiest: Jeff Bezos, $151 billion

Food and drink

  • 40 billionaires
  • 10% of the list
  • Collective fortune: 274 billion
  • Wealthiest: Jacqueline Mars and John Mars, $37 billion each

Fashion & Retail

  • 36 billionaires
  • 9% of the list
  • General condition: $437 billion
  • Wealthiest: Jim Walton, $57,9 billion

Media and Entertainment

  • 33 billionaires
  • 8,3% of the list
  • General condition: $302 billion
  • Wealthiest: Michael Bloomberg, $76,8 billion

Real estate

  • 24 billionaires
  • 6% of the list
  • Collective capital: $135 billion
  • Wealthiest: Donald Bren, $17,4 billion

Energetics

  • 19 billionaires
  • 4,8% of the list
  • Collective capital: $135 billion
  • Wealthiest: Harold Hamm, $21,1 billion

Winemaking

  • 15 billionaires
  • 3,8% of the list
  • Collective capital: $72 billion
  • Wealthiest: Stephen Rails, $7,9 billion

Sport

  • 14 billionaires
  • 3,5% of the list
  • Collective capital: $93 billion
  • Wealthiest: Jerry Jones, $16 billion

Services sector

  • 11 billionaires
  • 2,8% of the list
  • General condition: $52,7 billion
  • Wealthiest: Tamara Gustavson, $8,1 billion
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