5 Ways to Become the Richest Person in the World

Does being on the list of the 100 richest people in the world sound like failure to you?  Is being in the top 10 richest people in the world the only thing that will truly bring you happiness?  If so you’re going to need to evaluate your career path.  Thankfully we have the top 5 careers that will get you into the super-ultra-elite-rich category.

Titan of Industry – Do you own a manufacturing conglomerate?  If so you’re in luck, this is a great way to get to the top of the money heap.  Turning raw materials into usable goods or finished products is a great way to generate wealth.  It’s an expensive business to get into due to the high initial investment so it’s best if you inherit your empire.  Lakshmi Mittal is worth $31B as the chairman of ArcelorMittal, the world’s largest steel producer.

Software Magnate – Are you the founder of a software monopoly or leading database software company?  If so, you basically own a money making machine that generates cash out of bits.  What you do with your money will affect what words people use to describe you though.  Bill Gates used to be the head of convicted monopolist Microsoft and was not always the most liked person, but he has stepped down to find the best ways to give away his $56B and has seen his public image greatly improved.  Larry Ellison and his $39B on the hand are generally reviled.  Do you have a book (Amazon) written about you?  Larry Ellison does, The Difference Between God and Larry Ellison: *God Doesn’t Think He’s Larry Ellison.

Communications Master – In addition to having the coolest name of all billionaires, Carlos Slim also has more money.  His $74B was made mostly through telecommunications companies but also through later diversification into other industries.  If you didn’t inherit your billion dollar empire, then Carlos Slim is the person you want to emulate.  He is a self made billionaire and the son of Lebanese immigrants.

Financial Wizard – We’re not talking about day trading here, we’re talking solid investment choices based on research and know-how.  We’re not even talking about being a mildly wealthy millionaire hedge fund manager, that’s just not good enough.  Does the price of a single share of your company cost more than the twice average annual household income in the US? If not then you have some work to do.   Warren Buffett’s $50B comes from the shrewd investments made through his company Berkshire Hathaway.  If you want to own a piece of that pie you’ll need to come up with $114,966 per share.

Mining Powerhouse – If your empire is in the business of pulling rocks and oil out of the ground then life is good.  There is only so much mineral and petroleum content in the ground and demand is going up.  Having the basic laws of supply and demand on your side is always a good thing.  If you’re Mukesh Ambani ($27B) or Eike Batista ($30B) you know this all too well.  But there is a new player in town, and she’s a lady!  Gina Rinehart owns Australian mining company Hancock Prospecting and the smart people say she will soon turn her $9B into $100B due to increasing demand and rising prices for iron.

Now get out there and build your empire!

Leave a comment

Your email address will not be published. Required fields are marked *