Billionaires are always celebrated. No wonder Forbes’ yearly documentation of rich people is often a big deal whenever it is released.
Have you ever stopped to think about how these billionaires make their wealth? In this report, Briefly News will be presenting five industries that have spawned some of the world’s billionaires.
It should be noted that this report only looks at the dominant industries of people in the top 10 richest list.
Almost everything has been digitised in this age for maximum delivery of results. In the top 10, five people made their money in this industry.
The first is Jeff Bezos, the owner of Amazon. Mark Zuckerberg, the founder of Facebook is also on the list. Bill Gates (founder of Microsoft), Larry Page (Google), Sergey Brin (Google) are also on the list.
If one considers software making a subdivision of technology, then Larry Ellison would make the sixth. According to Forbes categorisation, it is not.
Tesla founder, Elon Musk, is the only person in this industry who made the top 10 ranking. Perhaps with more car companies venturing into greener technology, more billionaires in this industry will move up the ladder.
4. Fashion and Retail
Bernard Arnault has been in the news in recent days for briefly displacing Jeff as the richest man in the world. Forbes Real-time indicator shows that the position is still keenly contested between the two. Francoise Bettencourt Meyers is another person in this category.
5. Finance and Investment
Warren Buffet, the astute investor who is widely cited in economy essays for his many years of experience in the sector, falls under this industry.
Meanwhile, Briefly News earlier reported that Elon Musk has said his multi-billion-dollar company, Tesla, will no longer be accepting payments in Bitcoin. This comes amid growing concerns that mining of the popular cryptocurrency may have detrimental effects on the environment.
Taking to his personal Twitter account, Musk expressed concerns over the increased use of fossil fuel to mine Bitcoin. The stock fell by thousands of dollars just minutes after Musk posted his tweet. He writes:
"We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel."
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