Top 6 sectors that will skyrocket your speed in journey to billionaire

 

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 10 figure Bank. Balances. The world's billionaires. We know it's one of the reasons why you're subscribed to this channel, welcome to a lux.com, the place where future Billionaire's 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 earned 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 wear these industries are heading in the coming years. He's so without any further Ado. Let's get some inspiration and look at the 10 most likely industries that can make you a billionaire.

Number 10, engineering or 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 nobody's address 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.

Making him, the UK's, richest individual. If you've got an idea that 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 nine, 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. And so it shouldn't come as a surprise that 4% 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 Jay-Z. And they both demonstrate that for entertainers to get you the ranks of the super-rich and helps to Branch out from your core activity in Oprah's case, publishing and in Jay-Z's fashion. Number, eight energy for a long time. This has been one of the surest ways.

Get wealthy in the early days of the 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. Supply. They don't call it renewable for nothing. Solar is the fastest growing energy source it. Now contributes less than one percent 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 SolarCity. There's also huge potential for people who can come up with innovative solutions and 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 brands. If you hit on the right formula, there is a huge potential to make big bucks. The fashion industry has produced five percent of the world's billionaires including Nike founder. Phil. Might, as well as other familiar names like Giorgio Armani Ralph, Lauren Dominica Dolce and 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.

Taxes are on health insurance. A large portion of this money, makes it way into the bank balances of 6%. 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. Balance is 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 and 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, Layers 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 and 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% of billion years. Keep in mind. You will probably produce fewer billionaires in the future. That's because most billionaires in this sector are heirs to Fortune.

Were built up over a long period of time. Like the seven members of the Walton family heirs to the Walmart fortune or the Albrecht family who inherited the LV 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 will be hearing more about later. Number for 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. And this field include arastoo 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, Stan, and Charlie benante who expanded his father's

Consume chop into a farming, Empire worth fifteen billion dollars. China's song. Qing, how who made his money through bottle drink, giant will haha, and is now worth twelve billion dollars or Mexican-American Daniel, oobatz key who created the first kind of are 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 a nine percent 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.

There is being developed and making previous versions obsolete faster than ever and with the arrival of 5G, and the opportunities. It will bring it, looks like this is going to keep on accelerating. Its the feel that most of the world's most famous billionaires belong to Elon Musk, Bill, Gates, Mark Zuckerberg, and the world's richest person, Jeff besos and it's a boom area for young Billionaire's. 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 payment. 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 AI, 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

This is Joel. Say hi Joe. Hi. This is designer a great one. I might add. Yes, I am what he wanted to be greater. He just needed a new project management tool. Yeah, so he got click up and now he's employee of the month. It's true. Click up, literally, all you in one place. It's that easy. Do I owe you money for this? No, no free forever 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 nine percent of today's billionaires belonging to this industry. There are several paths into it. You can start off as a real estate agent or you could set up a construction firm or be a supplier of construction materials. Of course, most of Donald Trump's Fortune isn't real estate. Although his slightly over two billion dollar. Fortune isn't a patch of the Skies of other American Real Estate Moguls, like Stephen Ross, seven point six billion or Donald Trenton 6.
It who's worth thirty seven 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 markets 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 did it just make that company a success. They also grew their own. Wealth, Big Time Banking and finance produced 15 percent 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 semester with a net worth of 90 billion dollars. He is currently the fourth richest person in the world. Well, a lectures 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

And because he's 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 we're talking about a formula to become a billionaire has. 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 that 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 2000 billionaires in the world at the moment.