Individuals can accumulate wealth from all sorts of industries, including web hosting and video games. However, some industries are more likely than others to generate you high income, therefore, becoming a billionaire faster.
In fact, around half of the richest people in the United States accumulated their fortunes in one of just two industries: finance and investments or technology.
The following are the industries with the most richest people in the United States in 2022:
Finance and Investment
In the finance and investment there are 108 billionaires, which is 27 percent of the richest people in the United States, with collective net worth of 856 billion USD. On the top of this list is Warren Buffett who has assets valued 97 billion USD in 2022.
Richest people create their wealth by making money for others, as a good way to make money for themselves. The finance and investments—which includes investors and those in money management, private equity and hedge funds—account for 108 billionaires on the 2022 ranking in the United States. That’s up from 103 in 2021.
Well known high ranked members continue to reign, for instance Charles Schwab, who established the brokerage firm that bears his name in 1971, and Carl Icahn, the activist shareholder who has been investing in companies and agitating for change for more than 40 years. Another investor is Warren Buffett, who became the richest person on the Forbes list in 1982, is the richest person in finance and investments as of 2022.
New numbers of who built their wealth in ways that couldn’t even be fathomed four decades ago. Sam Bankman-Fried and Gary Wang, who founded cryptocurrency exchange FTX together in their age of 30 and 29 years old respectfully. They are the youngest member of billionaires in 2022, and two of four crypto billionaires in the ranks.
Other finance and investments newcomers include trading and investments billionaire Arthur Dantchik, investor and sports mogul Todd Boehly, fintech tycoon Hayes Barnard and private equity billionaires Stephen Dechoff, Carl Thoma and Stephen Feiberg.
Technology
The technology industry has created 65 billionaires, which represent
16.3 percent of the richest individuals in the United States. With collective net worth of 1.06 trillion USD. In 2022 on the technology list Jeff Bezos is the richest person who accumulate his wealth, 151 billion USD, from technology industry.
The technology industry consider to be the second builder of wealth creation, with 65 billionaires, including six of the top ten richest people in the United States: Amazon founder Jeff Bezos, Microsoft cofounder Bill Gates, Oracle founder Larry Ellison, Google cofounders Larry Page and Sergey Brin, and the former CEO of Microsoft Steve Ballmer.
Tech newcomers in 2022 include Rick Cohen, the billionaire who found C&S Wholesale Grocers and warehouse automation firm Symbotic; Leo Koguan, founder of IT provider SHI International; and Hua Shen, who became wealthy producing semiconductors.
Food and Beverage
The food and beverage industry has created 40 billionaires in 2022, which considered to be 10 percent of the richest in the United States. Collective net worth of 274 billion USD. Jacqueline Mars and John Mars are on the top with 37 billion USD each.
Fashion and Retail
There are 36 billionaires who accumulate their fortune from businesses related to fashion and retail. These number consider to be 9 percent of the richest people in the United States. The fashion and retail have collective net worth of 437 billion USD, Jim Walton on the top of the list with 57.9 billion USD.
Media and Entertainment
33 billionaires
8.3 percent of the billionaires in the United States
Collective net worth: 302 billion USD
The richest: Michael Bloomberg, 76.8 billion USD
Real Estate
The real estate investment created 24 billionaires
6 percent of the richest
Collective net worth: 135 billion USD
The richest: Donald Bren, 17.4 billion USD
Energy
The energy industry is category of companies and also stocks that relate to producing or supplying energy. This sector comprise of companies involved in the exploration and development of oil or gas reserves, oil and gas drilling, and refining. The energy industry also includes integrated power utility companies such as renewable energy and coal. In 2022, this sector created 19 billionaires in the United States, which represent 4.8 percent of the rich, with collective net worth of 135 billion USD. The richest person on the list of the energy sector is Harsold Hamm, 21.1 billion USD.
Manufacturing
15 billionaires
3.8 percent of the rich
Collective net worth: 72 billion USD
The richest: Steven Rales, 7.9 billion USD
Sports
Despite COVID-19 clearing out stadiums and testing the entire economic model that professional sports were built on, both individual leagues and teams have proven to be strong and resilient assets over the last one year. The sport industry has created 14 billionaires in 2022. This number represent 3.5 percent of the billionaires in the United States, with collective net worth of 93 billion USD. The richest in the sport category is Jerry Jones, 16 billion USD
Service
The service industry produces intangible goods, and it comprises various service industries including warehousing and transportation services; information services; security and other investment services; professional services; waste management; health care and social assistance; and arts, entertainment, and recreation.
The service industry has created 11 billionaires, which is 2.8 percent of the billionaires in the United States in 2022. This sector has built collective net worth or 52.7 billion USD. The richest person on top of the list is Tamara Gustavson, 8.1 billion USD.