The Top 5 Businesses that Create Billionaires
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Reliance Industries Limited - the 2nd largest private sector corporation in the world.
Everybody wants to be a billionaire. The big question is: How? Forget Ivy League schooling or wishing that you were born rich. Get into these businesses now!
5. Petrochemicals
Environmentally damaging or not, oil and petroleum is still the world’s hottest commodity. With most industries and consumers needing it every single day, petrochemical products are in hot demand and there is no indication that the demand will wane soon.
Asia’s richest man, Mukesh Ambani owes his fortune to petrochemicals.
IKEA - the largest furniture retailer in the world.
4. Retail
Even with the economic downturn, people will still need to buy things. That is why retailers are still earning big bucks. Having a good sense of what people want, going with the trends, and offering value for money on your merchandise remain to be a retailer’s biggest challenge. However, if you get it all down to pat and you have built your brand better than your competitors, you are in for a great surprise.
Ikea’s Ingvar Kamprad is Sweden’s richest man. The 83-year-old is currently worth around $22 billion and runs an empire that spans more than 30 countries. Germany’s richest man, Karl Albrecht also made his billions in retail through his discount supermarket Aldi Sud. Other billionaires in retail: Jim, Christy, Robson Walton of Wal-mart,
3. Telecommunications
In this wired world, telecommunications is an essential part of any business. It makes sense to be in a telecommunications company that has a big subscriber base, and that is what Carlos Slim Helu is known for, aside from being Latin America’s richest man.
Providing a reliable means of keeping people in touch is not an easy business, but with the industry’s need for high capital outlay for equipment and infrastructure, you can control a virtual monopoly over your area, provided you can deliver a reliable and cost-efficient service.
2. Investment, Stock Trade
Be an options or securities trader, or help companies and individuals stocks in private and public companies. The high-wired, pressure-filled world of investing can have a lot of risks, but in one lucky instant that risk could translate to high returns.
If you got a strong stomach to make sound investments before it becomes an obvious hit, then you can make your first billion in investing. Learning the ropes and developing a gut feel is essential to be a success in this field.
Your role model? Warren Buffett, 2008’s richest man in the world who fell to number two this year after losing $20 billion in one year.
Google, Microsoft, and Sun - three of the world's most profitable companies.
1. Software Program, Information Technology, Internet
If you have the talent to crunch code, and you have the entrepreneurial sense to risk first seeking out a problem, which you can then try to solve by coming out with software that is effective, easy to use and intuitive, then you might be earning your first billion soon.
The thing is, programming is a precious skill that is sought out by all I.T. departments in all companies. Programmers work in a very dynamic world that constantly change and expand. For this reason, there are a lot of opportunities to hit a gold mine.
Success stories in the software world include the biggest names in computing: Google, Microsoft, and Sun Microsystems. In fact, 2009’s richest man is from this world: Bill Gates currently worth $40 billion even during a year when his company, Microsoft, suffered from a financial setback.
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