As the world economy grows, the wealthy continue to become wealthier because more opportunities open themselves when you’re winning in life.
How did the world’s wealthiest people make their fortune in the first place?
What is the secret recipe for creating your first billion dollars?
While there’s no exact magic formula to becoming a billionaire, certain jobs seem to be far more profitable than others.
Simply pursuing one of these careers is not a guarantee for achieving success, although it does put you on the right track.
What are billionaire jobs and the industries to make you a billionaire?
In this video, I’m going to showcase 15 industries where you can earn your first billion.
1. Become an Investment Banker if you want to be a billionaire.
There’s plenty of confusion about what investment bankers do to earn money.
You might think that these people work at a bank.
What do they invest in, and do they use their own money to make money?
An investment banker acts as the middleman between buyers and sellers of companies and is responsible for making corporate deals happen.
Their job is to advise their clients on a sale, whether that be the acquisition of bonds, stocks, mergers, or an equity or debt offering.
This is a top Wall Street career, but it can also be a highly demanding and stressful one.
As an investment banker, you may work 100 hours a week, rewarded with a highly lucrative salary.
This is a career that could lead to a 7- or even 10-figure salary.
If you want a career in investment banking, you could launch your career by familiarizing yourself with the ins and out of the industry.
For instance, you could gain a foundation in financial markets through an online course at an Ivy League University.
2. Become an Author if you want to be a billionaire.
If you want to become a successful author, realize that this is not an easy walk in the park.
It’s more like running a marathon on a scorching day without any shoes.
The process of writing a book and getting it published can be grueling, even for the most talented wordsmiths out there.
But when you do land a book deal, there’s huge earning potential.
The best authors were never in it for the money.
As talented storytellers, they wooed the world with their gripping narratives and made a fortune while they were at it.
Take JK Rowling, for example, today known as the most prosperous author in the world.
Rowling’s manuscript of the first Harry Potter book was rejected 12 times before it was finally published in 1997.
The book ultimately went on to shape an entire generation.
The Sunday Times Rich List put J. K. Rowling’s net worth at just over $1 billion.
If you are a wordsmith, honing your skills with online writing and editing course could be a significant step in the right direction.
3. Become a Top-Ranking Athlete if you want to enjoy the billionaire lifestyle.
As a top-ranking athlete, you not only get to enjoy the glory, fame, and titles but also make a massive amount of money.
Endorsement deals, championship prize money, and high salaries give top-ranking athletes something else to take home other than just trophies and awards.
To join the ranks of Michael Jordan, Tiger Woods, or Serena Williams takes undeniable talent and skill.
You must be dedicated to your chosen sport and willing to endure all its ups and downs if you plan to hit that billionaire status as an athlete.
4. Become an Entrepreneur to live the billionaire lifestyle.
Entrepreneurs are often the makers of their own fortune.
In other words, you’ll rarely find a billionaire entrepreneur working at a job because they are the job creators.
They paved their way to success by developing their own products and services that solve a significant problem for a large group of people.
Take Bill Gates and Jeff Bezos, two billionaires, as an example.
These tycoons started off with a simple idea which they developed into a multi-billion dollar company.
Working as an entrepreneur is one of the best careers that can make you a billionaire.
From tech to media and retail to healthcare, 10-digit fortunes have been forged in numerous industries.
So, in order to become a successful entrepreneur, you first need to find your niche before you can build your own empire.
To kickstart your career as an entrepreneur, consider starting an online business.
In the description section of this video, I recommend a system to help you build a business online.
5. Become a high-powered Attorney.
Practicing law has incredible high earning potential if you become a high-powered attorney.
While an average lawyer’s median salary can top $120K per year, this is a modest income compared to what the top dogs make.
Different areas of law yield higher profits.
The most lucrative law careers that can make you a billionaire include corporate, criminal, patent, tax, real estate, and intellectual property law.
When it comes to earning big as a lawyer, a steady success rate in courts and a list of prominent clients are two of the most critical factors.
Suppose you found a way to represent presidents of countries, numerous top executives, and corporations over time.
In that case, you could amass a billion dollars.
If this seems like a career for you, then you want to get your law degree from an Ivy League school.
6. Become a Real Estate Developer.
The real estate industry is becoming an increasingly large playing field for multibillionaires.
As property values rise, real estate developers are building their wealth with commercial and residential development projects.
To win a place at the grown-up real estate table, you first need to expand your knowledge in this field.
Getting experience as a real estate agent and learning about your local market is an excellent way to tap into this lucrative industry.
The world’s richest real estate tycoon, Hui Ka Yan (Who Ka Yan), started his career by purchasing low-price properties across China.
He then gradually moved on to more significant ventures.
Currently, his company boasts over 800 projects under its belt.
This earned him nearly $30 billion in personal profits.
7. Become a Surgeon to build a billionaire’s networth.
Becoming a surgeon is as demanding as it is rewarding.
Although it might take years of intensive training to attain the title, your efforts will be rewarded with a hefty salary and the skills to save lives.
The best surgeons make a lot more than the average surgeon in their field.
Outside the operating room, surgeons devote their time to conducting innovative research and developing groundbreaking medical treatments.
For some, this noble cause can prove to be a great source of wealth.
Take Patrick Soon Shiong (She-ung), from China, a cancer treatment pioneer and the most prosperous surgeon in the world.
8. Become an Inventor to build your billionaire empire.
Inventors are known for their sweeping imagination and innovative ideas.
While many of their ideas can be groundbreaking, getting them to the mainstream market is often challenging.
The ones that do make it could earn enormous profits in royalties.
The most successful inventors do not only pioneer new products; they also know how to market them effectively.
Every heard of Dyson Vacuum Cleaners before?
The man behind those machines is James Dyson, net-worth sits at $12 billion.
He’s the creator of the Dual Cyclone bagless vacuum cleaner.
After struggling to get his invention out into the UK market, his winning slogan ‘Say goodbye to the bag’ helped the Dyson brand become the fastest-selling vacuum cleaner in the world.
9. Become a Hedge Fund Manager to gain billionaire status.
The stock market is an integral part of the economy.
It can also be an essential source of income, especially if you’re a hedge fund manager.
This job entails finding investors and tracking down investment opportunities within financial markets.
Then you must analyze the ever-changing stock market trends.
In George Soros’ case, he made billions by betting on global micro-trends and even managed to make $10 billion in just one day in 1992.
In order to succeed in this career, you’ll be required to put in long hours, create competitive investment strategies and solid marketing plans.
In return, hedge fund managers charge their clients a management fee and get a good chunk of the annual profits made by these hedge funds.
To follow in Soro’s footsteps, you could enroll in a financial management course to learn the ropes of the industry.
10. Becoming an Accountant might not seem like a path to your first billion, but it can earn you billionaire status over time.
Accounting is a lucrative career path with salaries well above the general median average.
As the economy continues to grow, the need for auditors is steadily on the rise.
This makes accounting one of the most profitable occupations out there.
If you want to rank as a top earner in the field, you’ll need to make even smarter moves.
Accountants with specializations and higher education certificates have a competitive advantage.
The wealthiest accountants, such as Denise Coates and Arthur Blank, have taken even greater leaps to secure their wealth.
They co-founded an online gambling platform called Bet365.com.
You can learn the fundamentals of the industry by taking online accounting courses.
11. Become a Professional Entertainer to leap into the billionaire world.
As a professional entertainer, your talents will range from singing, acting, presenting, or all of the above.
You could star in big-budget movies to host a TV show and go on world concert tours.
The life of a professional entertainer can be glamorous and lucrative.
The road to success might belong, but those that break into fame can make a fortune while living the good life.
The best avenue to take in order to make it big would be Hollywood.
Maybe you could become a billionaire TV Show host like Oprah Winfrey, who also owns a TV network.
Or maybe start out as a Rapper like Jay-Z, who turned business mogul.
Perhaps you could be like billionaire Kylie Jenner: a media personality, socialite, model, and businesswoman.
12. Become an Investor and let your money make you billions.
Investing is one of the most distinct billionaire jobs.
Working in the investment and finance industry has the potential to earn you big bucks.
Investors use interest payments on bonds and stock dividends as their primary source of income.
In most cases, their investments are also traded on the stock market, allowing their value to rise or fall.
The richest investor and third wealthiest man in the world, with a net worth of $74 billion, Warren Buffet built his empire purely on stocks.
Warren credits his strategy to Benjamin Graham’s idea of intrinsic value.
In other words, invest in assets that have the potential for significant growth.
13. Become a C-Suite Executive of a major company.
C-Suite jobs can range between CEO, CFO, CMO, CTO, and COO.
While these roles are different in nature, they all classify as billionaire jobs.
Holding an executive position within a company is a step in the right direction when it comes to building your wealth.
With great power comes great responsibility.
You need to meet the high demands and expectations of a company to keep profits high and expenses low.
Take, for example, Facebook’s COO Sheryl Sandberg, or Quibi’s CEO Meg Whitman.
Their leadership has led to their respective companies’ success and growth while earning them a significant income.
14. Become an Insurance mogul.
The insurance business is a profitable industry that has produced quite a few billionaires.
In fact, the industry cashed in $1.2 trillion in net premiums in the US last year.
So, as the economy continues to grow, the insurance market grows with it.
In order to join the exclusive billionaire’s club, just selling insurance isn’t enough.
If you want to take a page from the world’s richest insurance moguls, their wealth was built on the insurance companies that they founded or purchased.
So, while becoming an insurance agent is an excellent start, you’ll need to take bigger leaps in the industry to generate billionaire wealth.
15. Become an Engineer.
When it comes to jobs that make you a billionaire, engineering is one of the best careers out there.
Out of the top wealthiest people in the world, half of them hold engineering degrees.
This includes Amazon’s Jeff Bezos, net-worth $147 billion.
Tech Tycoon Carlos Slim from Mexico, net worth $70 billion.
And Larry Page, co-founder of Google, net-worth $104 billion.
Electrical engineering and computer science seem to be the most popular choices among the wealthiest in the world.
But civil, mechanical, and chemical engineering are also runners-up.
Becoming an engineer seems to be a pretty smart move.
The demand for engineers is steadily on the rise.
There’s a tremendous salary potential that you could use to your advantage.
If you are curious, explore online engineering courses before taking a full dive.
Money and success are far more achievable in some professions than in others.
As the world economy continues to grow, certain industries follow the lead and create lucrative career opportunities for many professionals.
There are specific jobs that will make you a billionaire.
A job title is not a guarantee of massive wealth.
It takes more than that to break into the billionaire, or even millionaire, club.
Along with talent, innovative ideas, and an entrepreneurial mindset, you’ll also need perseverance, determination, and drive.
From there, it takes making the right moves in your chosen profession to earn you a billionaire title.