we know that you a lack sirs are ambitious people and we're sure that some of you are planning on how one day you'll be able to afford luxuries like your own private jet or super yacht or employing a full-time housing staff and maybe even buying a sports team for good measure yes we were talking about joining the ranks of these lucky people with ten figure bank balances the world's billionaires we know it's one of the reasons why you're subscribe to this channel welcome to Alex calm the place where future billionaires come to get inspired if
you're not subscribed yet you're missing out but today's video is even more closely connected than usual with the hot topic of how to become a billionaire because we've done our homework and found out what business sectors most of the world's billionaires earn their big bucks in in other words the industries that are most likely to give you access to this elite group so stick with us until the end of our countdown and you'll find out which industry takes the number one spot and you'll also get to hear some insider tips and to where these industries
are heading in the coming years so without any further ado let's get some inspiration and look at the ten most likely industries that can make you a billionaire number ten engineering four percent of billionaires come from this sector and to join them basically you'll need to design a piece of engineering wizardry that can solve a problem that nobodies addressed before one that's clever enough to disrupt an entire sector of the market a case in point is James Dyson who invented the world's first bagless vacuum cleaner and since then he's branched out to a range of
other appliances including washing machines and hand dryers and thanks to these pieces of savvy engineering he's worth 16 billion dollars making him the UK's richest individual if you've got an idea that's smart enough and the know-how to see it through to completion you could even do it without any formal qualifications in engineering believe it or not james dyson doesn't have any number 9 media and entertainment people will always want to be entertained music films TV computer games youtube channels good old-fashioned reading or whatever form of entertainment people dream up in the future these are always
going to be a big part of our lives so it shouldn't come as a surprise that four percent of billionaires made their money in this field and social media means if you're an entertainer it's never been easier to create a platform and brand yourself people who made their billions from entertainment include Oprah and JC and they both demonstrate that for entertainers to get to the ranks of the super-rich it helps to branch out from your core activity in Oprah's case publishing and in Jay Z's fashioned number 8 energy for a long time this has been
one of the surest ways to get wealthy in the early days of a modern economy many of the first super-rich made their fortunes in energy like oil tycoon john d rockefeller and once again four percent of today's billionaires come from this sector we all consume energy so this isn't likely to change what will change is the type of energy we consume the boom in this sector in the near future is bound to be renewable energy the world is becoming greener out of necessity besides renewable energy is cheaper and unlike oil and gas is unlimited in
supply they don't call it renewable for nothing solar is the fastest growing energy source it now contributes less than 1% of the world's energy needs but it's expected to increase between 5% and 20% in the next few years Elon Musk has invested heavily in solar with Tesla's subsidiary Solar City there's also huge potential for people who can come up with innovative solutions in other renewables like wind power hydropower and geothermal as well as eco-friendly energy storage systems number 7 fashion you may not have guessed the fashion industry was such a heavy hitter but think about
it and it makes sense clothing is more than just a basic necessity we are happy to spend money so we can wear something that makes us look and feel good and for a lot of people one of the biggest motivations for putting in long hours is to be able to splash out on some high-end branded goods at the weekend also factor in that successful designers can make huge markups that's because fashion items are priced by their perceived value more than the cost of commodities or real differentiation with other brand if you hit on the right
formula there's a huge potential to make big bucks the fashion industry has produced 5% of the world's billionaires including Nike founder Phil Knight as well as other familiar names like Giorgio Armani Ralph Lauren Dominica Dolce & Stefano Gabbana number six health care of course one of our most basic needs is to stay healthy and we pay huge amounts of money on it whether directly on health bills through taxes or on health insurance a large portion of this money makes it way into the bank balances of six percent of the world's billionaires and it's no surprise
that the pandemic has lifted more people in this industry up to billionaire status and sure being a doctor can make you wealthy but billionaire probably not the real potential for a 10-digit bank balances in the pharmaceutical industry or designing innovative medical devices or founding a chain of private hospitals or clinics the top end of the world's super rich in health care is taken mostly by owners of pharma companies with five of the top ten spots being occupied by Chinese billionaires but with other players on the list from the USA Germany Switzerland and India if you've
got the know-how and the drive you can make waves in this industry no matter where you're from number five retail whether we do it online or we do it the old-fashioned way in brick-and-mortar shops we all need to keep on buying stuff one way or another so it's no wonder that this takes a high place on our list accounting for 6.5 percent of billionaires keep in mind it'll probably produce fewer billionaires in the future that's because most billionaires in this sector are heirs to fortunes that were built up over a long period of time like
the 7 members of the Walton family heirs to the Walmart fortune or the Albrecht family who inherited the Aldi business empire and what about the sector that's taking it over online retail giants like Amazon are classed as tech and business services which we'll be hearing more about later number four food and beverage whatever is happening in the world will always need to eat and drink and currently around 8% of the world's billionaires come from a food or drink background to become one of them you'll have to figure out novel ways of producing food or preparing
and distributing it people on the super-rich list in this field include heirs to fortunes including members of the Mara's and Heineken families but there are also quite a few self-made billionaires in this group like Thailand's Dan and Chara Vanna who expanded his father's chicken suit shop into a farming empire worth fifteen billion dollars China's zhongqing Hao who made his money through bottled drink giant ahaha and is now worth twelve billion dollars or Mexican American Daniel dubitzky who created the first kind bar getting his inspiration from eating a whole fruit and nut bar on a business
trip to Australia he's now worth 1.2 billion dollars number three tech and business services whatever the sector of the economy nowadays it relies on tech businesses use it to do transactions to communicate their message to the public for distribution and logistics and much much more and of course our private lives depend on tech to to be entertained to chat to shop or to hail a rideshare and 9% of billionaires have made their fortunes in tech and if that number is going to change it's probably going upwards new software and hardware is being developed and making
previous versions obsolete faster than ever and with the arrival of 5g and the opportunities it'll bring it looks like this is going to keep on accelerating it's the field that most of the world's most famous billionaires belong to Elon Musk Bill Gates Mark Zuckerberg and the world's richest person Jeff Bezos and it's a boom area for young billionaires the list of self-made billionaires under 30 years old are mostly intact they include Evan Spiegel founder of snapchat and John Collison founder of online payments company stripe the key is to look ahead at the technology that's arriving
or about to arrive and to see what opportunities open up big areas that are likely to produce billionaires in the coming years include ái the internet-of-things self-driving cars virtual reality and augmented reality as well as an area that crosses over with a field we mentioned earlier telemedicine number two real estate not only does this industry fulfill our basic need for shelter with the population growing it's going to be even more in demand and keep in mind that for most of us buying the place where we live will be the biggest transaction we make in our
life so there's little wonder that huge amounts of money can be made in real estate with 9 percent of today's billionaires belonging to this industry there are several paths into it you could start off as a real estate agent or you can set up a construction firm or be a supplier of construction materials of course most of Donald Trump's fortune is in real estate although his slightly over two billion dollar fortune isn't a patch in the skies of other American real estate moguls like Steven Ross 7.6 billion or Donald Wren sixteen point four billion dollars
or any of the world's five highest players in real estate who are all from China or Hong Kong topped by zhu jia yen who's worth 37 billion dollars but wherever you're from if you're savvy and have a bit of luck along the way this is a great way to make a fortune as some of the largest markups in recent years have been in real estate number one banking and finance think of any hugely successful company in any industry behind that success there was somebody who knew exactly how to deploy the money and grow it and
thanks to their investment choices they didn't just make that company a success they also grew their own wealth big-time banking and finance produced 15% of the world's billionaires today some of them made it as private investors others from setting up investment firms and others as venture capitalists Warren Buffett is known by many as the world's greatest investor and with a net worth of 90 billion dollars he is currently the fourth richest person in the world well a Luxor's that's a wrap for today but of course we would love to hear what you think which industries
do you think will produce the most billionaires in the next 20 years let us know in the comments and because you stuck with us until the end of course we've got your bonus so you're thinking of becoming a billionaire maybe you're thinking the best way is to choose one of these industries and work really hard right well probably wrong sure strategically speaking these areas do have the highest chances of turning people into billionaires but remember the world's billionaires come from a wide range of business areas and if we're talking about a formula to become a
billionaire as if there is a simple formula for that you can be sure it doesn't involve randomly picking an industry from this list a much better solution is go with your passions and spot a need that nobody else is addressing remember most of the people we mentioned in this video probably didn't set out with the aim of becoming a billionaire and we're sure you don't need us to spell it out for you there are only around 2,000 billionaires in the world at the moment that's roughly one in four million of the world's population and of
the self-made ones it's safe to say they all did two things first they followed their passions you'll never be motivated enough to put in the long hours and you'll never have those stroker genius insights are going to need unless you're passionate about the field you're in and second once you know what you're passionate about you need to spot a need for something that nobody else has figured out before following these steps can't guarantee you'll make it as a billionaire but it might just take you most of the way there thank you for spending some time
with us a Luxor's make sure to LIKE and subscribe so you never miss another video we also hand-picked these videos which we recommend you watch next you can talk to us on all social medias or ask a question on our website Alex calm thank you for being an a lexer and we'll see you back tomorrow
