Personal Finance with Warren Ingram

How the world’s richest people made their breathtaking fortunes

How did the world’s wealthiest people make their money?

(A hint: for most, it wasn't in tech.)

Here are the industries, according to Forbes, that have created most of the world’s billionaires:

  • Finance and investments created 310 billionaires (14% of the total)

  • Fashion and retail created 235 billionaires (11% of the total)

  • Real estate created 220 billionaires (10% of the total)

  • Manufacturing created 207 billionaires (9% of the total)

  • Technology created 205 billionaires (9% of the total)

  • “Diversified” created 194 billionaires (9% of the total)

  • Food and beverages created 165 billionaires (7% of the total)

  • Healthcare created 134 billionaires (6% of the total)

Despite how fashionable tech has been for many years, it only comes in at number five.

However, eight of the wealthiest 20 people in the world are tech founders, including the world’s youngest self-made billionaire – the 28-year-old John Collison (of Stripe).

Unlike tech, most people don't associate the top-four billionaire-generating-industries with creating instant wealth.

About a third of billionaires inherited their wealth.

The Money Show’s Bruce Whitfield interviewed Warren Ingram (Galileo Capital Personal Financial Advisor) for his weekly personal finance feature.

For more detail listen to the interview in the audio below.

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : How the world’s richest people made their breathtaking fortunes


Recommended

by NEWSROOM AI
Read More
How to live off a dread disease benefit

How to live off a dread disease benefit

Personal finance advisor Warren Ingram discusses "dread disease benefits", typically paid out as a lump sum.

6 things to watch post-election, considering your investments in South Africa

6 things to watch post-election, considering your investments in South Africa

Personal finance guru Warren Ingram has a beady eye on the following things, and he’s ready to adjust his strategy accordingly.

10 unexpected things that most truly rich people have in common

10 unexpected things that most truly rich people have in common

Personal finance expert Warren Ingram on the money values that those "worth" R40 million or more almost invariably have in common.

How to best save and invest for your children

How to best save and invest for your children

What is the best financial gift you can give your children? Personal financial advisor Warren Ingram has a few answers.

8 tips and tricks to cut your cost of living

8 tips and tricks to cut your cost of living

The Money Show’s Bruce Whitfield interviews Warren Ingram, a personal financial advisor at Galileo Capital.

How to make your first R1 million (after that it just becomes so much easier)

How to make your first R1 million (after that it just becomes so much easier)

Rich. Wealthy. Financially free... Call it what you will; the first million is how you get there. Warren Ingram on his book...

Popular articles
Heavy rains heading for Cape Town late Sunday night

Heavy rains heading for Cape Town late Sunday night

SA Weather Services has forecast a cold front landing in the Western Cape late on Sunday night into Monday morning.

Brutal murder of Cape surfer leaves coastal community in shock

Brutal murder of Cape surfer leaves coastal community in shock

A 38-year-old Scarborough man was hijacked, forced into the boot of his car and later set it alight.

'Winter rains will get Cape Town through summer but not out of the woods'

'Winter rains will get Cape Town through summer but not out of the woods'

Climate scientist Dr Peter Johnson gives an analysis of the rainfall data and how much is needed to adequately replenish the dams.

DStv subscription price hikes for 2019

DStv subscription price hikes for 2019

MultiChoice will increase the prices of certain DStv packages from 1 April.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.