This is how most millionaires have made their fortunes, according to 'Forbes'
Being in the financial sector, whether it's private equity, hedge funds or venture capital, is the most common way the world's richest got so rich.
"In fact, almost one in six billionaires, or just over 15%, earned their money in finance and investments: these 427 individuals come from countries as varied as Estonia, Kazakhstan, Japan and the USA," the article continues.
Here are the the top 10 biggest industries for billionaires in 2024:
1. Finance & Investments
427 billionaires | 15% of list
Richest: Warren Buffett ($133 billion), chairman and CEO of Berkshire Hathaway.
2. Technology
342 billionaires | 12% of list
Richest: Jeff Bezos ($194 billion), founder of Amazon and owner of the Washington Post and rocket company Blue Origin.
3. Manufacturing
328 billionaires | 12% of list
Richest: Reinhold Wuerth & family ($33.6 billion), chairman of screw and fastener maker Wuerth Group.
4. Fashion & Retail
285 billionaires | 10% of list
Richest: Bernard Arnault & family ($233 billion), chairman and CEO of luxury goods company LVMH and the world’s richest person.
5. Food & Beverage
210 billionaires | 8% of list
Richest: Zhong Shanshan ($62.3 billion), chairman of bottled water company Nongfu Spring. He also controls the publicly-listed Beijing Wantai Biological Pharmacy.
6. Diversified
201 billionaires | 7% of list
Richest: Mukesh Ambani ($116 billion), chairman of Reliance Industries, which holds interests in petrochemicals, oil and gas, retail and telecommunications.
7. Healthcare
197 billionaires | 7% of list
Richest: Dilip Shanghvi ($22.6 billion), founder and managing director of Sun Pharmaceutical Industries, India's most valuable listed pharmaceuticals company.
8. Real Estate
190 billionaires | 7% of list
Richest: Lee Shau Kee ($27.7 billion), Sun Hung Kai and Henderson Land Development, two of Hong Kong’s largest property developers.
9. Media & Entertainment
104 billionaires | 4% of list
Richest: Rupert Murdoch & family ($19.5 billion), chairman emeritus of News Corp., one of the world’s largest media conglomerates.
10. Energy
98 billionaires | 4% of list
Richest: Harold Hamm & family ($18.5 billion), founder and chairman of Continental Resources, one of the biggest independent oil companies in the U.S.