Members of The Forbes 400 have built fortunes in a wide variety of industries, but two of them stand out. Here’s how it breaks down.
Billionaires get rich doing all sorts of things, from selling roofing supplies to making energy drinks. But some industries are more likely than others to put someone on The Forbes 400 ranking of America’s richest people. Sopoured over this year’s list to rank the sectors in which Forbes 400 members have built their fortunes.
The best route to riches? Finance and investments. More than a quarter of the wealthiest people in America made their money in this industry, which includes hedge funds, private equity and money management. In other words, making money for others tends to pay well. The 103 finance and investment billionaires on the list include traditional stalwarts like Warren Buffett and Carl Icahn, plus newer billionaires such as private equity CEOand Susquehanna International Group founder Jeff Yass.
Selling stuff we all need, such as food and clothes, is also good business if you can do it at scale. Thirty-eight billionaires got rich in the food and drink industry—the third most popular sector for Forbes 400 members. That includes Chick-fil-A heirs Dan Cathy, Bubba Cathy and Trudy Cathy White and Little Caesar’s Pizza cofounder Marian Ilitch. Fashion and retail is next, helmed by the Waltons, heirs to the Wal-mart fortune, plus newcomer Gary Friedman, CEO of Restoration Hardware.
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