{"id":576098,"date":"2022-04-18T15:00:06","date_gmt":"2022-04-18T13:00:06","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=576098"},"modified":"2022-04-14T11:25:51","modified_gmt":"2022-04-14T09:25:51","slug":"the-job-sectors-where-most-billionaires-make-their-money","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/576098\/the-job-sectors-where-most-billionaires-make-their-money\/","title":{"rendered":"The job sectors where most billionaires make their money"},"content":{"rendered":"<p>The Hurun Research Institute has published its Hurun Global Rich List 2022, ranking a new record of 3,381 billionaires whose total wealth regardless of the Russia-Ukraine war and the impact of Covid-19 continued to rise by 4% to $15.2 trillion.<\/p>\n<p>The chief researcher Rupert Hoogewerf said that the Russia-Ukraine war, Covid-19 and the US-China Trade War contributed to 337 billionaires dropping off the list this year, almost one a day.<\/p>\n<p>&#8220;However, continued digitalisation of the economy, tech innovations as well as inflation helped 490 new faces make the list, giving a surprising net increase of 153 billionaires.&#8221;<\/p>\n<p>Currently, there are 1,124 more billionaires than there were five years ago &#8211; a 50% increase.<\/p>\n<p>Hoogewerf noted that as the world pushes toward the fifth industrial revolution, spurred on by biotech advances and Covid-19, healthcare has become the second most important source of wealth for billionaires after financial services, which overtook real estate.<\/p>\n<p>&#8220;Five years ago, healthcare was not even a top five source of wealth,&#8221; stressed Hoogewerf.<\/p>\n<p>The table below details the top industries and companies:<\/p>\n<div class=\"bt_table\">\n<div class=\"table-responsive\"><table class=\"table\" width=\"100%\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th style=\"text-align: center;\" bgcolor=\"#CCCCCC\" width=\"5%\">Rank<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"25%\">Industry\/Job sector<\/th>\n<th style=\"text-align: center;\" bgcolor=\"#CCCCCC\" width=\"10%\">% of billionaires<\/th>\n<th style=\"text-align: center;\" bgcolor=\"#CCCCCC\" width=\"10%\">% of change<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"25%\">Richest person<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"25%\">Company<\/th>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">1<\/td>\n<td>Financial Services<\/td>\n<td style=\"text-align: center;\">9.3%<\/td>\n<td style=\"text-align: center;\">11.5%<\/td>\n<td>Micheal Bloomberg<\/td>\n<td>Bloomberg<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">2<\/td>\n<td>Healthcare<\/td>\n<td style=\"text-align: center;\">8.7%<\/td>\n<td style=\"text-align: center;\">2.2%<\/td>\n<td>Cyrus Poonawalla<\/td>\n<td>Serum Institute of India<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">3<\/td>\n<td>Real Estate<\/td>\n<td style=\"text-align: center;\">8.1%<\/td>\n<td style=\"text-align: center;\">-8.5%<\/td>\n<td>Lee Shau Lee<\/td>\n<td>Henderson Land<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">4<\/td>\n<td>Retail<\/td>\n<td style=\"text-align: center;\">7.4%<\/td>\n<td style=\"text-align: center;\">-5.6%<\/td>\n<td>Jeff Bezos<\/td>\n<td>Amazon<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">5<\/td>\n<td>Consumer Goods<\/td>\n<td style=\"text-align: center;\">7.3%<\/td>\n<td style=\"text-align: center;\">-1.8%<\/td>\n<td>Bernard Arnault<\/td>\n<td>LVMH<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">6<\/td>\n<td>Food and beverage<\/td>\n<td style=\"text-align: center;\">7.2%<\/td>\n<td style=\"text-align: center;\">-2.9%<\/td>\n<td>Zhong Shanshan<\/td>\n<td>YST<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">7<\/td>\n<td>Software &amp; Services<\/td>\n<td style=\"text-align: center;\">6.3%<\/td>\n<td style=\"text-align: center;\">-7.7%<\/td>\n<td>Steve Ballmer<\/td>\n<td>Microsoft<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">8<\/td>\n<td>Media &amp; Entertainment<\/td>\n<td style=\"text-align: center;\">6.1%<\/td>\n<td style=\"text-align: center;\">7.1%<\/td>\n<td>Larry Page, Sergey Brin<\/td>\n<td>Alphabet<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">9<\/td>\n<td>Industrial Products<\/td>\n<td style=\"text-align: center;\">5.6%<\/td>\n<td style=\"text-align: center;\">14.3%<\/td>\n<td>Chen Jianhua &amp; Fan Hongwei<\/td>\n<td>Hengli<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">10<\/td>\n<td>Investments<\/td>\n<td style=\"text-align: center;\">4.8%<\/td>\n<td style=\"text-align: center;\">6.5%<\/td>\n<td>Bill Gates<\/td>\n<td>Microsoft<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n<p>The report further detailed that the following industries boasted stand out years:<\/p>\n<ul>\n<li>Renewable energy &#8211; led by India-based Gautam Adani.<\/li>\n<li>Biotech &#8211; led by Germany-based Ugur Sahin of BioNTech.<\/li>\n<li>Luxury goods &#8211; led by France-based Bernard Arnault of LVMH.<\/li>\n<li>Semiconductors &#8211; led by US-based Jen-Hsun Huang of Nvidea.<\/li>\n<li>Software services &#8211; led by Bill Gates and Steve Ballmer of Microsoft.<\/li>\n<li>Shipping &#8211; led by Switzerland-based Klaus-Micheal Kuhne of Kuhne &amp; Nagel.<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">According to Hurun, the top three cities in the world for billionaires are all in China: Beijing, Shanghai and Shenzhen, which this year overtook New York for the first time. The cities with the fastest-growing number of billionaires were London, Mumbai and New Delhi.<\/p>\n<p>\u201cChina continued to pull away from the USA in the past year, up 75 to 1133 \u2018known\u2019 billionaires, compared with the USA, which added 20 to 716,&#8221; said Hoogewerf.<\/p>\n<p>The report showed that China&#8217;s billionaires were hit hard, with 9 of the 10 biggest wealth shrinkages and 160 drop-offs.<\/p>\n<p>Industries such as e-commerce, real estate, education, generic drugs, and vaping took the hardest hit as a recent Covid-19 outbreak across China and increased tension with the US combined to see the steepest drop in value since the 2008 financial crisis, with many of China&#8217;s biggest companies shedding up to half their value.<\/p>\n<hr \/>\n<p style=\"font-weight: 400;\"><strong>Read:\u00a0<\/strong><a href=\"https:\/\/businesstech.co.za\/news\/wealth\/570578\/2-south-african-billionaires-climb-global-wealth-rankings\/?preview_id=570578&amp;preview_nonce=67b8841cb6&amp;_thumbnail_id=442628&amp;preview=true\">2 South African billionaires climb global wealth rankings<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hurun Report has published its annual rich list, ranking over 3,300 billionaires from 2,500 companies and 69 countries &#8211; showing which industry has the most amount of billionaires.<\/p>\n","protected":false},"author":10,"featured_media":576108,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[26,11172],"class_list":["post-576098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline","tag-hurun"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/576098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=576098"}],"version-history":[{"count":12,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/576098\/revisions"}],"predecessor-version":[{"id":577844,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/576098\/revisions\/577844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/576108"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=576098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=576098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=576098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}