How to become a billionaire? These industries have the most billionaires on the Forbes 2022 rankings

This year the vast majority of billionaires in the rankings Forbes they come mainly from these ten business sectors.

The 2668 billionaires appearing in the classification Forbes 2022 built its fortune in several ways: by creating pet food or soy sauce brands, exploiting copper and zinc mines, producing eyewear, developing real estate empires, etc. Some billionaires created their fortune entirely, others inherited it.

However, many billionaires in the rankings have one thing in common: they made a fortune in the world of finance or inherited a fortune in this industry. This year the sector with the most billionaires is finance and investments, with 393 billionairesis almost 15% of the ranking. This is an increase over last year. In fact, in 2021, the finance and investment sector was also in the lead, with 371 billionaires in the standings. This sector includes hedge fund and private equity moguls, traditional bankers and founders of fintech companies, fund managers, venture capitalists and billionaires who have made investments in various sectors. .

In this sector, Warren Buffett is the richest. The CEO of the investment conglomerate Berkshire Hathaway has a fortune estimated at 118 billion dollarsis 22 billion more than last year. She is the fifth richest person in the world. Other billionaires in the world of finance are still little known to the public. Changpeng Zhao, known as “CZ,” is the second richest person in the world of finance in this year’s rankings. CZ founded the cryptocurrency exchange Binance, which has become one of the largest in the world. With the new estimate of CZ’s stake in Binance (at least 70%) and the significantly higher valuation of the company’s earnings, Forbes appreciated The luck of CZ a 65 billion dollars, up from $ 1.9 billion last year. Cryptocurrency trading has taken off and, with it, CZ’s fortunes.

The year was marked by supply chain slowdowns (including the high-profile sinking of several merchant ships), but the manufacturing sector became the second richest sector for billionaires after finance and investment (337). The demand for goods by consumers and businesses has not slowed, which has allowed the manufacturing industry to see their emergence 36 new billionaires. Among the newcomers there is the Italian Isabella Seragnoliheir and manager of the packaging company cesiawhich produces packaging for products ranging from cigarettes to cosmetics, and Indian Vivek Jainwhose company, Fluorochemicals of Gujaratproduces industrial chemicals and gases.

The technology sector, known to be the engine of innovation globally, has 332 billionaires, making it the third largest sector this year, down one point from last year. The tech fortunes of the first Internet age still hold the top spots today: the ten biggest tech fortunes are those of the founders of companies such as Google, Oracle And Microsoftall launched decades ago. Forbes previously ranked social media moguls as a tech industry, but this year, Forbes classified the founders of Facebook, instagram, Pinterest, SnapchatAnd ByteDancethe parent company of Tic knockin the media and entertainment industries to better reflect how these businesses operate.

However, 38 new tech billionaires also joined the ranking. Among them are the Australians Melanie Perkins And Obrecht cliffco-founders of the graphic design software company Can gowhose respective assets amount to $ 6.5 billion ; And Tang Xiao’oufounder of the Chinese artificial intelligence company Sense of Time, known for its facial recognition capabilities. US investors were barred from buying shares in the company’s Hong Kong IPO in December due to the sanctions.

The fourth sector with the most billionaires is fashion and retail, with 250 billionaires. At the head of the luxury conglomerate LVMH, Bernard Arnault remains at the top, with a fortune estimated at 158 billion dollars. The fashion industry welcomes a newcomer this year: Zhang Congyuanpresident of the Taiwanese company Huali industrial groupwhich produces sports shoes. Falguni Nayarthe self-taught woman India’s richest, he also joins the rankings with an estimated fortune of $ 4.5 billion.

The healthcare sector ranks fifth, with 217 billionaires. Among the newcomers, Jeff Tangney is the richest, with a fortune estimated at $ 2.4 billion. Jeff Tangney founded Proximity, a social platform for doctors that went public last June. The Dilip brothers And Anand Suranafrom India, it also joined the ranking – they lead the drugstore Micro laboratoriessupplying cardiology and pain management drugs to the Asian-Pacific market.

While prestigious industries such as sports, media and entertainment can boast many millionaire sportsmen, actors and producers, those whose fortunes reach the billions are usually the privileged few who own shares in profitable brands and companies. The sports industry has three new billionaires this year, including Tom Wernerpresident of Red SoxAnd Ken Kendrickmanaging partner of Diamondback from Arizona. However, on the 27 billionaires in the sports sector only one is a professional sportsman: Michele Giordanowhose fortune is estimated at 1.7 billion dollars through its participation in the Charlotte Hornets.

Here is the full list of industries with the most billionaires:

# 1 | Finance and investments

393 billionaires | 15% of the ranking

Richest personality in this industry: labyrinth buffet ($ 118 billion), CEO of Berkshire Hathaway and holder of several interests in more than 60 companies, including Duracell And Dairy queen.

# 2 | Production

337 billionaires | 13% of the ranking

Richest personality in this industry: He Xiangjian ($ 28.3 billion), founder of the home appliance maker Midea Group. The company has over 200 branches and is listed on the Shenzhen Stock Exchange.

# 3 | Technology

332 billionaires | 12% of the ranking

Richest personality in this industry: Jeff Bezos ($ 171 billion), founder of the e-commerce giant Amazon. Second richest person in the world, she also owns the Washington Post and the missile company Blue origin.

# 4 | Fashion and retail

250 billionaires | 9% of the ranking

Richest personality in this industry: Bernard Arnault ($ 158 billion), CEO of LVMHwhich owns more than 70 brands, including Louis Vuitton, Tiffany & Co. And Sephora.

# 5 | Health

217 billionaires | 8% of the ranking

Richest personality in this industry: Ciro Poonawalla ($ 24.3 billion), founder of Serum Institute of Indiathe largest vaccine manufacturer in the world (in terms of doses).

# 6 | Food and beverages

203 billionaires | 8% of the ranking

Richest personality in this industry: zhong shanshan ($ 65.7 billion), president of the bottled water company Nongfu spring. Also check out the company Beijing Wantai Organic Pharmacyquoted at the stock exchange.

# 7 | Real estate

193 billionaires | 7% of the ranking

Richest personality in this industry: Lee Shau Kee ($ 32.6 billion), co-founder of real estate developer Sun Hung Kai. Before that, she created Henderson Territory Development in 1976, a company that makes up the bulk of his fortune.

# 8 | Various

180 billionaires | 7% of the ranking

Richest personality in this industry: Mukesh Ambani ($ 90.7 billion), president of Reliance industries. The company has interests in the petrochemical, oil and gas, retail and telecommunications industries.

# 9 | Media and entertainment

109 billionaires | 4% of the ranking

Richest personality in this industry: Michael Bloomberg ($ 82 billion), co-founder of the financial and media information company Bloomberg LP.

# 10 | Power

95 billionaires | 4% of the ranking

Richest personality in this industry: Hongwei fans ($ 18.2 billion), president of the fiber supplier Hengli Petrochemicalwhich produces polyester and fabrics.

Article translated by Forbes USA – Author: James O’Donnell

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