How Most Billionaires Made Their Money (2024)

Billionaires 2024

Apr 3, 2024

The World’s Richest Self-Made Women In 2024

Apr 3, 2024

The Richest Billionaire In Each Country 2024

Apr 2, 2024

Forbes World’s Billionaires List 2024: The Top 200

Apr 3, 2024

The $100 Billion Club: These 14 People Have 12-Figure Fortunes","scope":{"story":{"title":"The $100 Billion Club: These 14 People Have 12-Figure Fortunes","uri":"https://www.forbes.com/sites/chasewithorn/2024/04/02/the-100-billion-club-these-14-people-have-12-figure-fortunes/","date":"Apr 2, 2024","index":7}}},{"textContent":"

Apr 2, 2024

New Billionaires 2024: Taylor Swift, Magic Johnson And 263 Others Join The Ranks This Year","scope":{"story":{"title":"New Billionaires 2024: Taylor Swift, Magic Johnson And 263 Others Join The Ranks This Year","uri":"https://www.forbes.com/sites/segunolakoyenikan/2024/04/02/new-billionaires-2024-taylor-swift-magic-johnson-and-263-others-join-the-ranks-this-year/","date":"Apr 2, 2024","index":8}}},{"textContent":"

Apr 2, 2024

Here’s Who Fell Off Forbes’ 2024 Billionaires List","scope":{"story":{"title":"Here’s Who Fell Off Forbes’ 2024 Billionaires List","uri":"https://www.forbes.com/sites/richardjchang/2024/04/02/heres-who-fell-off-forbes-2024-billionaires-list/","date":"Apr 2, 2024","index":9}}},{"textContent":"

Apr 2, 2024

The 10 Biggest Billionaire Gainers 2024","scope":{"story":{"title":"The 10 Biggest Billionaire Gainers 2024","uri":"https://www.forbes.com/sites/hyunsoorim/2024/04/02/the-10-biggest-billionaire-gainers-2024/","date":"Apr 2, 2024","index":10}}},{"textContent":"

Apr 2, 2024

Tech Billionaires Have Added An Astonishing $750 Billion To Their Fortunes Over The Past Year","scope":{"story":{"title":"Tech Billionaires Have Added An Astonishing $750 Billion To Their Fortunes Over The Past Year","uri":"https://www.forbes.com/sites/phoebeliu/2024/04/02/tech-billionaires-have-added-an-astonishing-750-billion-to-their-fortunes-over-the-past-year/","date":"Apr 2, 2024","index":11}}},{"textContent":"

Apr 2, 2024

The Billionaires Getting Rich From AI 2024","scope":{"story":{"title":"The Billionaires Getting Rich From AI 2024","uri":"https://www.forbes.com/sites/phoebeliu/2024/04/02/the-billionaires-getting-rich-from-ai-2024/","date":"Apr 2, 2024","index":12}}},{"textContent":"

Apr 2, 2024

The Richest Women In The World 2024","scope":{"story":{"title":"The Richest Women In The World 2024","uri":"https://www.forbes.com/sites/samanthakroontje/2024/04/02/the-richest-women-in-the-world-francoise_bettencourt-meyers-taylor-swift-alice-walton-2024/","date":"Apr 2, 2024","index":13}}},{"textContent":"

Apr 2, 2024

The Countries With The Most Billionaires 2024","scope":{"story":{"title":"The Countries With The Most Billionaires 2024","uri":"https://www.forbes.com/sites/devinseanmartin/2024/04/02/the-countries-with-the-most-billionaires-2024/","date":"Apr 2, 2024","index":14}}},{"textContent":"

Apr 2, 2024

Indian Billionaires Soar To Record Highs","scope":{"story":{"title":"Indian Billionaires Soar To Record Highs","uri":"https://www.forbes.com/sites/naazneenkarmali/2024/04/02/indian-billionaires-soar-to-record-highs/","date":"Apr 2, 2024","index":15}}},{"textContent":"

Apr 2, 2024

The Richest Crypto And Bitcoin Billionaires In The World 2024","scope":{"story":{"title":"The Richest Crypto And Bitcoin Billionaires In The World 2024","uri":"https://www.forbes.com/sites/johnhyatt/2024/04/02/the-richest-crypto-and-bitcoin-billionaires-in-the-world-2024/","date":"Apr 2, 2024","index":16}}},{"textContent":"

Apr 2, 2024

The World’s Celebrity Billionaires 2024","scope":{"story":{"title":"The World’s Celebrity Billionaires 2024","uri":"https://www.forbes.com/sites/devinseanmartin/2024/04/02/the-worlds-celebrity-billionaires-2024-taylor-swift-kim-kardashian-oprah/","date":"Apr 2, 2024","index":17}}},{"textContent":"

Apr 2, 2024

The 10 Richest Chinese Billionaires 2024","scope":{"story":{"title":"The 10 Richest Chinese Billionaires 2024","uri":"https://www.forbes.com/sites/russellflannery/2024/04/02/the-10-richest-chinese-billionaires-2024/","date":"Apr 2, 2024","index":18}}},{"textContent":"

Apr 1, 2024

The World’s Youngest Billionaires 2024","scope":{"story":{"title":"The World’s Youngest Billionaires 2024","uri":"https://www.forbes.com/sites/monicahunter-hart/2024/03/31/worlds-youngest-billionaires-2024-john-collison-ben-francis-evan-spiegel/","date":"Apr 1, 2024","index":19}}},{"textContent":"

Apr 1, 2024

Meet The Billionaire Bond Investor Behind Chelsea F.C., Springsteen’s Songbook And The LA Dodgers","scope":{"story":{"title":"Meet The Billionaire Bond Investor Behind Chelsea F.C., Springsteen’s Songbook And The LA Dodgers","uri":"https://www.forbes.com/sites/maneetahuja/2024/04/01/meet-the-billionaire-bond-investor-behind-chelsea-fc-springsteens-songbook-and-the-la-dodgers/","date":"Apr 1, 2024","index":20}}},{"textContent":"

Apr 1, 2024

Shoe Designer Christian Louboutin Is Now A Billionaire","scope":{"story":{"title":"Shoe Designer Christian Louboutin Is Now A Billionaire","uri":"https://www.forbes.com/sites/giacomotognini/2024/04/01/christian-louboutin-net-worth-billionaire-shoe-designer/","date":"Apr 1, 2024","index":21}}},{"textContent":"

Apr 2, 2024

Trump’s Net Worth 2024: Which Assets Are Up, Which Are Down","scope":{"story":{"title":"Trump’s Net Worth 2024: Which Assets Are Up, Which Are Down","uri":"https://www.forbes.com/sites/kylemullins/2024/04/02/trumps-net-worth-2024-which-assets-are-up-which-are-down/","date":"Apr 2, 2024","index":22}}},{"textContent":"

Apr 4, 2024

The 10 Richest People In Latin America 2024","scope":{"story":{"title":"The 10 Richest People In Latin America 2024","uri":"https://www.forbes.com/sites/gigizamora/2024/04/04/the-10-richest-people-in-latin-america-2024/","date":"Apr 4, 2024","index":23}}}],"breakpoints":[{"breakpoint":"@media all and (max-width: 768px)","config":{"inView":2,"slidesToScroll":1}},{"breakpoint":"@media all and (min-width: 1681px)","config":{"inView":5,"slidesToScroll":1}}]};

FAQs

How Most Billionaires Made Their Money? ›

While people have gotten super-rich in everything from soy sauce to palm oil to damaged cars, being in finance, whether private equity or hedge funds or venture capital, is the most common way the world's wealthiest got so rich.

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How did most billionaires make their money? ›

The great wealth of America's richest people came from the businesses they created, not inherited wealth. Billionaires' wealth is concentrated in company stock, and their companies' value lies mostly in ideas and processes, not cash and physical property.

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How do the super rich make their money? ›

The ultra-wealthy may gain a lot of their initial wealth from private businesses, often through business ownership or as an angel investor in private equity. Additionally, top endowments at universities use private equity investments to generate high returns and add to the funds' diversification.

Are most billionaires self-made? ›

As of 2022, a majority of the world's billionaires had earned their wealth themselves. Nearly 2,000 of the total 3,194 billionaires worldwide that year had earned their fortune this way.

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What is the secret of billionaires? ›

Successful billionaires say keep getting better, grab chances, and stay strong when things are tough. If you think positive, keep learning, and take smart risks, you have a better shot at big success. And don't forget, it's not just about getting rich, but also about enjoying and learning from the whole journey.

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What bank do most billionaires use? ›

The Most Popular Banks for Millionaires

JP Morgan Private Bank. “J.P. Morgan Private Bank is known for its investment services, which makes them a great option for those with millionaire status,” Kullberg said. “ ...
Bank of America Private Bank. ...
Citi Private Bank. ...
Chase Private Client.

Jan 29, 2024

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What do most billionaires invest in? ›

What Assets Do Wealthy People Buy?

Stock Market. ...
Private Equity Investments. ...
Commodities. ...
Real Estate. ...
Alternative Assets.

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How do 90% of millionaires make their money? ›

90% of millionaires made their money in Real Estate. I became a millionaire without owning a single property. But I own 6 small businesses that make me $725k/year.

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How most multi millionaires made their money? ›

Have multiple streams of income. Many self-made millionaires have money coming in from several places, including their salaries, dividends from investments, income from rental properties and investments they have made in other business enterprises, to name a few examples.

What industry makes most billionaires? ›

In 2022, banking and finance was the industry to which the highest share of the world's billionaires across all age devoted most of their time. Moreover, one fifth of the billionaires below 50 years devote most of their time to technology.

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How do billionaires avoid taxes? ›

Wealthy family buys stocks, bonds, real estate, art, or other high-value assets. It strategically holds on to these assets and allows them to grow in value. The family won't owe income tax on the growth in the assets' value unless it sells them and makes a profit.

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How is most wealth created? ›

The wealthiest people earned their coveted places by investing in risky assets like their private businesses and then multiplying the returns, regardless of whether or not they had initial wealth from rich parents.

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How many billionaires were born poor? ›

The proportion of those in the list who grew up poor or had little wealth remained constant at roughly 20 percent throughout the same period. Most individuals on the Forbes 400 list did not inherit the family business but rather made their own fortune.

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How do billionaires start their day? ›

Exercise: Exercise is pivotal for a happy heart and good health. Many billionaires prefer to exercise in the morning can help keep stress levels down throughout the day. Take a Cold Shower: Taking a cold shower can be beneficial because it activates your neurons and promotes good circulation.

What do billionaires focus on? ›

The billionaires of the world have become wealthy by using and developing resources, and by satisfying needs and wants of a population. Many of them have set up businesses or corporations which employ thousands of people and sell goods or services to millions of people.

What is the billionaire mindset? ›

Billionaires use their people skills to persuade others to buy into their dreams. They refuse to take no for an answer and find ways to overcome any obstacles in their path. In fact, the most common traits among billionaires are their strong work ethic and refusing to give up.

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What industry creates the most billionaires? ›

427 billionaires amassed their fortunes in the finance sector, making it the industry that yields the most billionaires, followed by technology, manufacturing, retail, and food and beverage, according to Forbes.

What major produces the most billionaires? ›

The most common college degrees among billionaires are business (22), economics (12) and engineering (11).

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Who was the world's first billionaire How did he make his money? ›

John D. Rockefeller is often cited as the world's first billionaire, achieving that status in 1916 through his ownership of Standard Oil. 2 From that point over a century ago, wealth has multiplied to the point where the richest people in the world have fortunes that exceed $200 billion.

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How did most people become millionaires? ›

His research concluded that 20% of millionaires made their first million in their mid-to-late 30s despite having middle-class incomes. They accumulated wealth by practicing frugality and regularly saving and investing about 20% or more of their income. Around 28% of millionaires rolled the dice to become wealthy.

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