Which Industries Have Produced The Most Billionaires? (2014-2024)

The New Diplomat
Writer

Ad

US shutdown won’t affect visa, passport services in Nigeria – Embassy

By Obinna Uballa The United States Embassy in Nigeria has reassured applicants that visa and passport services will continue uninterrupted, despite the ongoing partial shutdown of the US government. In a notice issued Wednesday via its official X handle, the embassy said: “Due to the lapse in appropriations, this X account will not be updated…

Maduagwu: FCT police launch manhunt for attackers, say doctors tried to resuscitate late Arise TV anchor

By Obinna Uballa The Federal Capital Territory (FCT) Police Command announced on Wednesday that it has launched a manhunt for armed robbers behind the tragic death of Arise News correspondent, Somtochukwu ‘Sommie’ Maduagwu, even as President Bola Tinubu, Niger State Governor Umaru Bago, and several prominent Nigerians mourned her passing. Maduagwu, 29, died on Monday…

Lagos Govt, Peter Obi clash over Trade Fair demolition

By Obinna Uballa The Lagos State Government and former Labour Party presidential candidate, Mr. Peter Obi, have clashed over last week’s demolition of more than 19 buildings at the ASPAMDA Market within the Lagos Trade Fair Complex. Obi, who visited the site on Tuesday in company of senators, House of Representatives members, and Labour Party…

Ad

However, some industries have been far bigger wealth creators than others. This graphic visualizes the industries that produced the most billionaires globally from 2014 to 2024.

The figures come from Knight Frank’s Wealth Report 2025.

Manufacturing: The Billionaire Factory

Below, we show the number of new billionaires created from the following 10 industries between 2014 to 2024.

Industry Number of New Billionaires (2014-2024)
Manufacturing 509
Technology 443
Finance & Investments 353
Fashion & Retail 318
Healthcare 284
Food & Beverage 277
Real Estate 228
Diversified 206
Media & Entertainment 110
Automotive 101

Manufacturing leads as the top industry for billionaire creation over the past decade, with 509 billionaires.

Just in 2024, 46 new billionaires emerged from the sector, including Anil Gupta, chairman of Indian electrical company KEI Industries.

Countries like India and China have seen rapid industrialization and an increase in manufacturing exports in recent years.

Manufacturing entrepreneurs in these countries have benefited from government incentives, growing consumer bases, and global market penetration, leading to wealth creation.

The tech sector ranks second, with 443 new billionaires emerging over the past decade. Many of the world’s wealthiest individuals come from this industry, including Jeff Bezos, Mark Zuckerberg, and other top tech CEOs.

One recent addition to the billionaire ranks is OpenAI CEO Sam Altman, who reached a net worth of $1 billion in April 2024.

His fortune was fueled by the massive success of ChatGPT, which launched in 2021 and quickly accelerated AI integration across industries, reshaping how businesses and individuals interact with artificial intelligence.

Credit: Visual Capitalist

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp