Which industry mints the most fortunes? Forbes put together a list of the top 10 Forbes400
. And while there are many ways to make a pile of money, some industries are linked to more billionaires than others.
This year, the most common way to make a ten-digit fortune was in the finance and investments industry. Ninety-three billionaires, or 23.5% of members of The Forbes 400, made their money through investing, like Warren Buffett and Carl Icahn, through private equity like Robert F. Smith, whothe student debt of the entire 2019 graduating class of Morehouse College, and through hedge funds like Jim Simons and like Ray Dalio, who founded the world’s largest hedge fund.
Creating a hot new social network, software product or revolutionary technology is also a good way to make billions. With 69 tech billionaires, including Gates, Mark Zuckerberg, Snapchat’s Bobby Murphy and Evan Spiegel, the richest self-made woman in tech, and more, the industry is tied to 17.25% of the list. The richest man in America is Amazon founder Jeff Bezos, who has a $114 billion fortune.
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