Forbes US Highlights "How Billionaires Became Wealthy"
Financial Investment Industry Holds Highest Billionaire Share at 14%

Editor's Note'Stand on the shoulders of giants.' This is one of the widely known investment adages. By paying attention to the eyes and mouths of the super-rich, you can see the direction of money. We deliver everything interesting about the investment trends, words, interests, and movements of the big players who move the global markets. We also deliver news that would interest investors who are currently salaried workers but dream of financial freedom. Please pay attention to the Super Rich corner, which contains vivid global investment news.

Warren Buffett, Chairman of Berkshire Hathaway.

Warren Buffett, Chairman of Berkshire Hathaway.

View original image

Successful stock investor (Warren Buffett), startup hero (Elon Musk), the world's best soccer player (Lionel Messi), heiress (Fran?oise Bettencourt Meyers, granddaughter of the L'Or?al founder), ...


There are many paths to becoming wealthy. Among them, there is one field that produces an unusually high number of billionaires worldwide. That is financial investment. According to an analysis by the American economic magazine Forbes, if you want to become a globally renowned wealthy person, you should pay attention to financial investment. Becoming a hedge fund or private equity giant, or succeeding through venture investment or fintech startups, can slightly increase the odds of achieving the billionaire dream, which is as difficult as winning the lottery.


On the 23rd, Forbes announced the recent '2023 Forbes Billionaires List' and reported that the financial investment industry produced the most billionaires. Following that were manufacturing, tech, fashion & retail, and food & beverage industries.


According to Forbes, among the world's billionaires, 372 people, accounting for 14%, work in financial investment. Although this number is lower than last year's 393 financial investment billionaires due to the economic downturn, it still represents the largest share among all wealthy individuals. Warren Buffett, chairman of Berkshire Hathaway, known as the 'Oracle of Omaha' and 'investment genius,' ranked as the richest in the financial investment sector with a net worth of $106 billion.


The next industry producing many billionaires was manufacturing. There are 324 billionaires in manufacturing, accounting for 12% of the total. Reinhold W?rth, founder of the German tool company W?rth and known as the 'Screw King,' was the wealthiest billionaire in this sector with assets of $29.7 billion.


Despite a year marked by massive layoffs, the tech sector remains considered a fast track to becoming a billionaire. The tech industry has 313 billionaires, including Jeff Bezos, founder of Amazon, who holds assets worth $114 billion. This accounts for 12% of all billionaires. Although the number of billionaires in this sector has decreased for two consecutive years, the total combined assets reached $1.9 trillion.


The fashion & retail industry, which produced the world's wealthiest individuals, also produced 266 billionaires. Ten percent of all billionaires work in fashion & retail, an increase from 250 last year. The top billionaire selected by Forbes this year also came from the fashion industry. Bernard Arnault, chairman of LVMH (Louis Vuitton Mo?t Hennessy), the luxury empire owning numerous prestigious brands such as Louis Vuitton, Christian Dior, and Tiffany & Co., was named the richest person in the world with assets of $211 billion. Bloomberg described this as "leaving Musk in the dust," as Arnault surpassed Elon Musk, founder of Tesla, who was last year's top billionaire with assets of $180 billion.


In addition, the food & beverage industry produced 212 billionaires, accounting for 8% of the total. Zhong Shanshan, chairman of the Chinese beverage company Nongfu Spring, was the wealthiest billionaire in the food & beverage sector with assets of $68 billion. Mark Mateschitz, son of Dietrich Mateschitz, founder of the Austrian energy drink company Red Bull, inherited 49% of the shares after his father's death last year and newly appeared on this year's billionaire list.


Healthcare (201), real estate (193), diversified businesses (187), energy (100), and media & entertainment (91) were also among the fields producing many billionaires.



Forbes emphasized, "There are many ways to become rich, such as gambling or pig farming, but the top 10 industries provide the most common paths that maximize the chances of making it onto the Forbes billionaire list. Among these, financial investment is the most certain path to becoming a billionaire."


This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing