Top 5 Industries Dominated by Billionaires

Wealth and influence often come from owning businesses in important industries. Billionaires who are very influential in the global economy usually have their wealth concentrated in a few key sectors.

These sectors are crucial because they bring in a lot of money and have a big impact on the world’s economy. these areas are the main source of their wealth and their influence reaches into many parts of everyday life and global business.

Here’s a list from Forbes of the top 5 industries with the most billionaires

Finance & Investments 

This sector is where many billionaires have made their money, with 427 billionaires, making up 15% of the total. People in this industry manage investments, run financial institutions, and work with capital markets. Warren Buffett, the chairman of Berkshire Hathaway, is a leading figure here, with a net worth of $147.6 billion. 

Other notable billionaires include Ben Navarro of Sherman Financial Group and Cristina Junqueira of Nubank. Together, all the billionaires in this sector are worth $2.17 trillion.

Technology 

Technology is the second-largest industry for billionaires, with 342 individuals making up 12% of the total. They are the richest group, with a combined net worth of $2.6 trillion. Jeff Bezos, the founder of Amazon, is the wealthiest, followed by Mark Zuckerberg. 

This industry includes people who work in software, internet services, and tech hardware. Larry Ellison, the co-founder of Oracle, is the richest in this field, valued at $231.3 billion.

Manufacturing 

Manufacturing is the third-largest industry, with 328 billionaires or 12% of the list. This industry has added the most new billionaires this year, including the Chao family of Westlake Corporation and Don Levin of D.R.L. Enterprises. 

They make money from industrial products, machinery, and consumer goods. Reinhold Wuerth, chairman of the Wuerth Group, leads this category with a net worth of $35.9 billion.

Fashion & Retail 

The fashion and retail sector has 285 billionaires, accounting for 10% of the total. High-profile individuals in this sector include Christian Louboutin and Bernard Arnault, the chairman of LVMH, who is the wealthiest with $157.6 billion. LVMH owns luxury brands like Louis Vuitton and Christian Dior.

Food & Beverage 

Lastly, the food and beverage sector has 210 billionaires, making up 8% of the list. They are involved in businesses ranging from bottled water to food production. 

Zhong Shanshan, the chairman of Nongfu Spring, is the richest in this area with a net worth of $51.2 billion. Newcomers include Todd Graves of Raising Cane’s, and notable businessmen like Aliko Dangote, who has invested in sugar and flour.