Wednesday, 27 November 2019

How to Become a Billionaire - updated for 2019


Billionaires’ First Steps: The Richest People’s First Jobs & Education

The Richest People’s First Jobs & Education General Trends

80 of the world’s richest 100 people have earned a degree. Exactly a quarter of these graduated with a degree in engineering.


54% of the world’s richest started working in a non-family owned business.


14% of the World’s top 100 billionaires started their careers by setting up their own business.


2019 Trends

Are billionaires getting younger? In 2017, Mark Zuckerberg was the only individual in the wealthiest 100 under the age of 40. In 2019, there are now five top 100 billionaires below 40, with a trend of software entrepreneurs joining the list.

The wealth of China is becoming more prominent in the billionaire list. Over the last 2 years, China has moved from having the 4th most individuals in the wealthiest 100, up to 2nd, only behind the United States.

What type of person is more likely to become a billionaire? New research from Aaron Wallis Sales Recruitment examines the wealthiest 100 people’s career backgrounds.

The research suggests that engineering graduates are most likely to become billionaires, and if you want to become one of the world’s richest you should start your career as a software developer or in a stock trader role. Furthermore, you are far more likely to make the top 100 list if you are a graduate as 80% of the top 100 has earned a degree.

The research into first career steps looks at the billionaires who started working in an organisation that was not their own, or family-owned. These billionaires were then grouped into the type of their first job, which gave the following job roles as the top 5 results:


Starting Job Role
Count of Job Category
(Total = 54)
Engineer
8
Stock trader
8
Software Developer
7
Salesman
6
Analyst
5

The study also looks at the top degree subject by type, which gave the following degree categories as the top 5 results:

Degree Type
Count of Degree Studied
(Total = 80)
Engineering
20
Finance & Economics
12
Business
12
Sciences
4
Philosophy
3

For the full results of the study, please visit: https://www.aaronwallis.co.uk/news/top-100-billionaires-2019.aspx

Rob Scott, Managing Director at Aaron Wallis Sales Recruitment said: “In 2019 we are seeing a shift in old-money wealth from minerals and resources to a new generation of billionaires from software entrepreneurship. It’s unsurprising that highly educated and technically experienced entrepreneurs are making their way to the top, with a degree being a great basis for the start of your career.”

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