{"id":627730,"date":"2023-04-10T16:56:58","date_gmt":"2023-04-10T21:56:58","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/10\/the-path-to-billions-the-industries-with-the-most-billionaires-2023\/"},"modified":"2023-04-10T16:56:58","modified_gmt":"2023-04-10T21:56:58","slug":"the-path-to-billions-the-industries-with-the-most-billionaires-2023","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/10\/the-path-to-billions-the-industries-with-the-most-billionaires-2023\/","title":{"rendered":"The Path To Billions: The Industries With The Most Billionaires 2023"},"content":{"rendered":"
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Want to make the Forbes<\/em> list? Try these 10 industries.<\/strong><\/h2>\n
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T<\/abbr>here are a lot of ways to get rich\u2013including power strips<\/a>, Pachinko machines<\/a> and pig breeding<\/a>. But if you want to maximize your odds of making Forbes<\/em>\u2019 annual World\u2019s Billionaires list<\/a>, there are ten industries that offer the most common path to the three-comma club.<\/p>\n

Finance and investments remains the surest way to get ultra-rich. It\u2019s the industry with the highest number of billionaires, 372, including hedge fund and private equity tycoons, bankers, venture capitalists and fintech founders. That\u2019s down from 393 last year, amid a down year for billionaires<\/a> overall.<\/p>\n

Still, finance and investment billionaires keep compounding: the sector added the highest number of newcomers to the 2023 ranking, with 24 fresh faces. Nithin <\/strong>and Nikhil Kamath<\/strong> (estimated net worths: $2.7 billion and $1.1 billion, respectively), who cofounded online discount brokerage Zerodha, joined the ranks this year. Their company is now India\u2019s biggest stockbroker. Rajiv Jain<\/strong> ($2 billion), who runs Florida-based asset management firm GQG Partners, which invested in India\u2019s embattled Adani Group in March, is also new. As is Hayes Barnard <\/strong>($3.7 billion), who finances 26% of all U.S home solar installations through his GoodLeap app, which provides loans to homeowners for solar panels, home batteries and other sustainable improvements. In all, finance and investment billionaires make up 14% of the list, down from 15% in 2022. The richest remains investing legend Warren Buffett<\/strong>, the world\u2019s fifth-wealthiest person<\/a>, worth an estimated $106 billion.<\/p>\n

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The second most common path to the billionaires list? Manufacturing, which boasts 324 billionaires, compared to 337 a year ago, when the sector also placed second. The richest is Reinhold Wuerth<\/strong>, a Germany entrepreneur who took over his family\u2019s screw and fastener business in 1954 and has grown it into a $16 billion (annual sales) giant. He\u2019s worth an estimated $29.7 billion. Notable new manufacturing moguls include Richard <\/strong>and Elizabeth Uihlein<\/strong> ($3.8 billion each), major Republican donors<\/a> who founded packaging distributor Uline, and Michal Strnad ($2 billion), whose Czechoslovak Group is a leading supplier of arms and ammunition to the Ukrainian army. The 30-year-old Czech Republic citizen took over the business from his father in 2018.<\/p>\n

Tech firms, meanwhile, have had a shaky year complete with major layoffs at many companies. For the second year in a row, the number of billionaires in technology decreased. There are now only 313 billionaires in the world who made their fortunes in tech, down from 341 billionaires last year. (And this comes despite Forbes <\/em>recategorizing 13 social media billionaires as tech billionaires this year; last year we listed them under media and entertainment.) Still, technology remains the third most populous sector among the billionaires list. It\u2019s also the richest bunch, worth a collective $1.9 trillion\u2013about $170 billion more than next-richest, fashion and retail. The top tech mogul is Amazon\u2019s Jeff Bezos<\/strong>, who is the world\u2019s No. 3, worth an estimated $180 billion. (Forbes<\/em> lists Elon Musk<\/strong> as \u201cautomotive\u201d as most of his wealth stems from carmaker Tesla.)<\/p>\n

Fashion and retail comes in fourth, with 266 members, up from 250 in 2022, including 19 newcomers. The jump is partially due to the June 2022 death of Leonardo Del Vecchio<\/strong>, founder of eyewear behemoth Luxottica, whose wealth was distributed among his wife and seven children and stepchildren. No one in the industry has fared better than Bernard Arnault<\/strong>, chairman and CEO of luxury goods giant LVMH. Arnault\u2019s net worth grew by $53 billion over the past year, to an estimated $211 billion, making him the world\u2019s richest person. One notable name who didn\u2019t make the cut<\/a>: <\/strong>Kanye West, whose net worth plummeted after Adidas dropped his Yeezy fashion line last fall.<\/p>\n

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Coming in fifth: Food and beverage, with 212 billionaires, compared to 203 last year. Some of the top newcomers inherited their wealth from billionaires who died over the past year. Mark Mateschitz<\/strong>\u2014the only child of the late Austrian cofounder of Red Bull, <\/strong>Dietrich Mateschitz\u2014inherited 49% of the energy drink business after his father\u2019s death last October. He\u2019s the wealthiest newcomer of all<\/a> on the 2023 ranking.<\/p>\n

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Here are the the top 10 biggest industries for billionaires in 2023:<\/strong><\/h2>\n

(NET WORTHS ARE AS OF MARCH 10, 2023)<\/sup><\/h4>\n

#1. Finance & Investments <\/strong><\/h3>\n

372 billionaires | 14% of list<\/h4>\n

Richest: Warren Buffett<\/a> ($106 billion), chairman and CEO of Berkshire Hathaway.<\/h4>\n
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#2. Manufacturing<\/strong><\/h3>\n

324 billionaires | 12% of list<\/h4>\n

Richest: Reinhold Wuerth & family<\/a> ($29.7 billion), chairman of screw and fastener maker Wuerth Group.<\/h4>\n
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#3. Technology<\/strong><\/h3>\n

313 billionaires | 12% of list<\/h4>\n

Richest: Jeff Bezos<\/a> ($114 billion), founder of Amazon and owner of the Washington Post and rocket company Blue Origin<\/h4>\n
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#4. Fashion & Retail<\/strong><\/h3>\n

266 billionaires | 10% of list<\/h4>\n

Richest: Bernard Arnault & family<\/a> ($211 billion), chairman and CEO of luxury goods company LVMH and the world\u2019s richest person.<\/h4>\n
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#5. Food & Beverage<\/strong><\/h3>\n

212 billionaires | 8% of list<\/h4>\n

Richest: Zhong Shanshan<\/a> ($68 billion), chairman of bottled water company Nongfu Spring. He also controls the publicly-listed Beijing Wantai Biological Pharmacy.<\/h4>\n
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#6. Healthcare<\/strong><\/h3>\n

201 billionaires | 8% of list<\/h4>\n

Richest: Cyrus Poonawalla<\/a> ($22.6 billion), founder of Serum Institute of India, the world\u2019s largest vaccine maker (by doses).<\/h4>\n
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#7. Real Estate<\/strong><\/h3>\n

193 billionaires | 7% of list<\/h4>\n

Richest: Donald Bren<\/a> ($17.4 billion), chairman of California-based real estate firm Irvine Co.<\/h4>\n
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#8. Diversified<\/strong><\/h3>\n

187 billionaires | 7% of list<\/h4>\n

Richest: Mukesh Ambani<\/a> ($83.4 billion), chairman of Reliance Industries, which holds interests in petrochemicals, oil and gas, retail and telecommunications.<\/h4>\n
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#9. Energy<\/strong><\/h3>\n

100 billionaires | 4% of list<\/h4>\n

Richest: George Kaiser<\/a> ($13.3 billion), who took over his family\u2019s Kaiser-Francis Oil Company in the 1960s.<\/h4>\n
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#10. Media & Entertainment<\/strong><\/h3>\n

91 billionaires, 3% of list<\/h4>\n

Richest: Michael Bloomberg<\/a> ($94.5 billion), cofounder of financial information and media company Bloomberg LP.<\/h4>\n

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MORE FROM FORBES<\/strong><\/h4>\n

MORE FROM FORBES<\/span>New Billionaires 2023: Jimmy Buffett, LeBron James And 148 Others Join The Ranks This Year<\/span>By Gigi Zamora<\/span><\/small><\/span><\/span><\/span><\/a>MORE FROM FORBES<\/span>Here Are The Biggest Gainers On The 2023 Billionaires List<\/span>By Aris Alexander<\/span><\/small><\/span><\/span><\/span><\/a>MORE FROM FORBES<\/span>Tech Billionaires Lost Another $200 Billion In 2023. Here’s Who Dropped The Most<\/span>By Phoebe Liu<\/span><\/small><\/span><\/span><\/span><\/a>MORE FROM FORBES<\/span>The 25 Richest People In The World 2023<\/span>By Chase Peterson-Withorn<\/span><\/small><\/span><\/span><\/span><\/a>MORE FROM FORBES<\/span>LeBron James, Tiger Woods, Toto Wolff And 9 Other New Sports Billionaires 2023<\/span>By Matt Craig<\/span><\/small><\/span><\/span><\/span><\/a><\/p>\n<\/div>\n

Read More<\/a>
\n Richard J. Chang<\/p>\n","protected":false},"excerpt":{"rendered":"

Want to make the Forbes list? Try these 10 industries. There are a lot of ways to get rich\u2013including power strips, Pachinko machines and pig breeding. But if you want to maximize your odds of making Forbes\u2019 annual World\u2019s Billionaires list, there are ten industries that offer the most common path to the three-comma club.<\/p>\n","protected":false},"author":1,"featured_media":627731,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24356,37597],"tags":[],"class_list":{"0":"post-627730","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-billions","8":"category-industries"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/627730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=627730"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/627730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/627731"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=627730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=627730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=627730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}