Tag Archives: money

Business

How Do Billionaires Make Their Money in 2024

The year 2024 is a pivotal one for the world’s wealthiest individuals, as they face unprecedented challenges and opportunities in the wake of the global pandemic, the climate crisis, and the rise of new technologies. In this article, we will explore some of the main sources of income and wealth for billionaires in 2024, and how they are adapting to the changing landscape.

Biotechnology

One of the most lucrative sectors for billionaires in 2024 is biotechnology, as the demand for vaccines, therapeutics, and diagnostics continues to grow. Many billionaires have invested heavily in biotech companies that are developing innovative solutions for COVID-19 and other diseases, such as cancer, Alzheimer’s, and diabetes. Some examples are Moderna, BioNTech, CureVac, and Regeneron, which have seen their stock prices soar in the past year. Biotech billionaires also benefit from favorable tax policies and government subsidies that support research and development.

Renewable Energy

Another sector that is generating huge profits for billionaires in 2024 is renewable energy, as the world transitions to a low-carbon economy. Solar, wind, hydro, and geothermal power are becoming more affordable and efficient, and are displacing fossil fuels as the main sources of electricity. Billionaires who own or invest in renewable energy companies, such as NextEra Energy, Enel, Iberdrola, and Orsted, are reaping the rewards of this green revolution. Renewable energy billionaires also enjoy strong public support and environmental credentials.

Artificial Intelligence

A third sector that is creating new opportunities for billionaires in 2024 is artificial intelligence (AI), as the technology becomes more advanced and ubiquitous. AI is transforming various industries, such as manufacturing, healthcare, education, entertainment, and finance. Billionaires who have a stake in AI companies, such as Google, Amazon, Microsoft, Facebook, and Tesla, are gaining a competitive edge and access to vast amounts of data. AI billionaires also have a significant influence on society and culture, as they shape the future of human-machine interaction.

Some other sectors that are also attracting billionaire interest in 2024 are space exploration, e-commerce, cybersecurity, and blockchain. These sectors offer high potential for innovation and disruption, as well as high risks and uncertainties. Billionaires who are involved in these sectors, such as Elon Musk, Jeff Bezos, Jack Dorsey, and Michael Saylor, are pursuing their visions and passions, as well as their profits. These sectors also pose ethical and regulatory challenges that require careful consideration.

United States one-hundred-dollar bills

How to become a billionaire in 2024?

If you are looking for a quick and easy way to become a billionaire in 2024, you might be disappointed. There is no magic formula or secret strategy that can guarantee you such a massive wealth in such a short time. However, that does not mean it is impossible. With the right mindset, skills, opportunities and luck, you might be able to achieve your ambitious goal.

In the following paragraphs, we will share some tips and insights on how to become a billionaire in 2024, based on the experiences and advice of some of the most successful entrepreneurs and investors in the world. Of course, these are not definitive rules or guarantees, but rather general guidelines and suggestions that might help you along your journey.

Tip #1: Find a problem and solve it

One of the most common traits of billionaires is that they are problem-solvers. They identify a gap, a need or a pain point in the market or society, and they create a product or service that addresses it. They do not just follow trends or copy others, but they innovate and disrupt. They offer value and convenience to their customers, and they constantly improve and adapt to changing needs and preferences.

Some examples of problem-solvers who became billionaires are:

  • Jeff Bezos, who founded Amazon as an online bookstore, and later expanded it to become the world’s largest e-commerce platform, cloud computing provider, and media company.
  • Elon Musk, who co-founded PayPal as an online payment system, and later founded SpaceX as a private space exploration company, Tesla as an electric car manufacturer, and Neuralink as a brain-computer interface company.
  • Mark Zuckerberg, who created Facebook as a social networking site for college students, and later acquired Instagram, WhatsApp and Oculus as part of his vision to connect the world.

Tip #2: Leverage technology and innovation

Another common trait of billionaires is that they are tech-savvy and innovative. They use technology as a tool to create, scale and optimize their businesses. They are not afraid to experiment with new ideas, methods and platforms. They are always learning and updating their skills and knowledge. They embrace change and challenge the status quo.

Some examples of tech-savvy and innovative billionaires are:

  • Bill Gates, who co-founded Microsoft as a software company, and later diversified into hardware, gaming, cloud computing and philanthropy.
  • Larry Page and Sergey Brin, who co-founded Google as a search engine company, and later developed products and services such as Gmail, YouTube, Android, Chrome and Google Maps.
  • Jack Dorsey, who co-founded Twitter as a micro-blogging platform, and later founded Square as a mobile payment company.

Tip #3: Build a team and network

Another common trait of billionaires is that they are team players and networkers. They do not work alone or in isolation, but they surround themselves with talented, passionate and like-minded people who share their vision and values. They delegate tasks, empower others and collaborate effectively. They also build relationships with mentors, partners, investors and customers who can support them, advise them and provide them with feedback and opportunities.

Some examples of team players and networkers who became billionaires are:

  • Warren Buffett, who is known as one of the most successful investors of all time. He partnered with Charlie Munger to form Berkshire Hathaway, a conglomerate that owns dozens of companies across various industries. He also learned from his mentor Benjamin Graham, the father of value investing.
  • Oprah Winfrey, who is known as one of the most influential media personalities of all time. She started her career as a television host, producer and actress. She later launched her own network OWN (Oprah Winfrey Network), magazine O (The Oprah Magazine), book club Oprah’s Book Club and podcast Oprah’s SuperSoul Conversations.
  • Richard Branson, who is known as one of the most adventurous entrepreneurs of all time. He founded Virgin Group as a record label company. He later expanded into various sectors such as airlines (Virgin Atlantic), space tourism (Virgin Galactic), health care (Virgin Care) and hospitality (Virgin Hotels).

Conclusion

Becoming a billionaire in 2024 might seem like a daunting or unrealistic goal for many people. However, if you have the passion, determination, creativity and resilience to pursue your dreams, you might be able to achieve it. By following the tips above, you might be able to find your niche, leverage your strengths, seize your opportunities and overcome your challenges.

Remember that becoming a billionaire is not just about money or fame. It is also about making a positive impact on the world and leaving a legacy behind. As Steve Jobs once said: “Being the richest man in the cemetery doesn’t matter to me … Going to bed at night saying we’ve done something wonderful … that’s what matters to me.”

billionaire life

Where do most billionaires live in 2024

If you are curious about where the world’s richest people reside, you might be surprised by the diversity of their locations. According to Forbes, there are 2,640 billionaires in 2024, hailing from 77 countries or territories around the globe. However, some places seem to attract more billionaires than others, and some cities have become hubs for the ultra-wealthy.

The country with the most billionaires in 2024 is the United States, with 724, followed by China, with 698 (not including Hong Kong and Macau), However, when it comes to cities, New York City is the undisputed leader, with 101 billionaires calling it home. This is despite a net loss of six billionaires since last year, as some dropped off the list due to market fluctuations or deaths. New York City is also the wealthiest billionaire city, with a combined net worth of $616.8 billion among its residents. The richest person in New York City is Michael Bloomberg, the former mayor and media mogul, with an estimated fortune of $94.5 billion.

The second-most populous city for billionaires in 2024 is Hong Kong, with 80, up from 78 last year. Hong Kong’s billionaires are worth a total of $408.4 billion, and the richest among them is Li Ka-shing, the tycoon who controls a vast empire of ports, utilities, telecoms and retail businesses. He is worth $38.7 billion.

The third place goes to Beijing, which was the top city for billionaires in 2021 but slipped to the second spot in 2022 and now to the third in 2024. Beijing has 79 billionaires, down from 93 last year, with a collective net worth of $385.7 billion. The drop is partly due to China’s economic slowdown, property crisis and regulatory crackdown on tech giants. The richest person in Beijing is Zhang Yiming, the founder of ByteDance, the parent company of TikTok. He is worth $62 billion.

Other cities that rank high on the list of billionaire hotspots are Shanghai (No. 4), London (No. 5), Moscow (No. 6), Mumbai (No. 7), Shenzhen (No. 8), Paris (No. 9) and Delhi and San Francisco (tied at No. 10). These cities are home to diverse industries and sectors, such as technology, finance, real estate, manufacturing, entertainment and philanthropy.

The distribution of billionaires across the world reflects the shifting dynamics of wealth creation and accumulation in the 21st century. While some regions have seen their fortunes rise or fall due to political or economic factors, others have maintained their dominance or emerged as new centers of innovation and opportunity. As the world recovers from the pandemic and faces new challenges and opportunities, it will be interesting to see how the geography of wealth changes in the coming years.

The top ten countries with the most billionaires are:

1. United States – 724
2. China – 698
3. India – 237
4. Germany – 136
5. Russia – 117
6. Hong Kong – 71
7. Brazil – 65
8. Canada – 64
9. United Kingdom – 56
10. Italy – 51

Business

4 Sure-Fire Ways to Save Money During the COVID 19 Pandemic Outbreak

The entire market around us has shut down.

We are now finding ourselves lock inside our house without any chances to mitigate or interact with friends outside. Lockdown is in effect biasing us to our own home doors and not allowing us to go and interact with businesses, shops, visit malls, or theaters. All public places have now come to complete closure and as a result, many individuals have lost their jobs and their lives have come to an abrupt hold. Amid the chaos, one of the major concerns among these individuals is how exactly can they ensure their money can be secured. What lies ahead we do not know, but what we can harness today, is something that we do know. Our assets, our money, our savings! It’s all we have for survival.

Today, we are going to talk about 4 ways how each and every single one of us can save money. These lessons will not only help you to secure your finances during the pandemic but it will surely exceed it.

So without further ado, here are 4 interesting lessons on how one can secure their finances.

Lesson # 1: Organize Your Finances

Has the pandemic taken its toll on your already? Have you just lost your job or you’ve come to a spot where you’ve to spend your emergency funds? If you feel panicky or hyped up with anxiety, don’t fret.

Instead, go ahead and calculate how much are you left with and how long can you survive on it.

Now take out your notebook, jot down all your expenses in one place, and analyze how much you’re spending per week? Is there some way you can cut down on the luxuries if you can then there’s no better time than now to do it. Now compare the end results with the amount of money that you might get either from the government or some secondary source of earning. If you don’t have one, try searching up an online job at Glassdoor or LinkedIn. There are many options on how to make money.

Analyze how long you can survive & establish a median between your earnings & your expenditures.

Lesson # 2: Minimize Your Billing Expenditures

There are several mortgage lenders and capital financing firms out there who are more than willing to lend money at the hour of your need. They have helped many businesses survive when they were going through a tough time. They have plenty of investments and right now, many of these capital investors are interested in helping those who have experienced a reduction in income or totally lost their jobs. If someway, you can reach these guys and show them that you’re in need, they just might help you. Getting helped by lenders is one thing but at the same time, it is important that one must cut down on his/her expenditures too. Again, I would like to emphasize money is a necessity right now.

For example, if you are burdened with credit card debts, you can always reach out to your bank and ask them to do you a favor by waving it off during this moment of crisis. If they do not agree, then you can ask them to at least lower the interest rates or completely mitigate them as survival gets difficult.

Such practices may make you sound needy but desperate time calls for desperate measures.

Lesson # 3: Ask For Discounts Where You Can

Businesses are at a demise and right now they are selling products at great deals and discounts. If you can cut down on cost some way, it’s by asking others to offer you a discount. So what if a store is not offering a good percentage off on a product/service, you can always choose to ask them for a discount on your own. Go ahead, be a little blunt and shameless, ask if they are willing to give you a discount on the following product or service because of the COVID outbreak. Who knows, you just might get a chance to purchase a product even at half the price from the original being in the moment.

At the same time, also offer them your help if in some way you can assist them, such as promotion.

These tactics can come in real handy because it’s all that businesses want right now, and if you can offer them this, you are capable of getting a decent discount & at the same time help businesses run.

Lesson # 4: Don’t Fret, Be Grateful for What You Already Own

Trust me!

The last piece of my cake of advice is, be grateful for all that you have right now.

Do you know that there are many people whose lives are in a much worst state than your own? There are plenty of homeless people who haven’t had a proper meal in days. They are living in the corner of the dumps, and on the streets where the virus is the most vulnerable and can infect them very soon. They don’t have access to clean drinking water, a roof for shelter, no proper hygiene, no food!

Such are the conditions for many and at times like this, when you the blessings of a roof and shelter, when you have food stocked up at home, or access to pure drinking water, then you must be grateful.

Pray and thank God for the blessings you have!

He surely works in mysterious ways.

So that’s the end of my article… I hope these lessons may have helped you decide what is best for you. If you enjoyed reading it, please feel free to share your comments with us and I will contribute more.

Cryptocurrency

How Crypto-Backed Quick Loans Are Going to Change the Crypto-Industry

Cryptocurrencies are gaining unimaginable popularity all over the world. A wide array of demographics has been proven meddling with cryptocurrencies, from meager to hefty amounts. As volatile as it is, the more tech-savvy people find digital trading enjoyable and profitable. But if you’re a cryptocurrency neophyte, learning the ropes and consulting the experts are the best bets before jumping into this risky investment.

Another facet of cryptocurrency that’s also making waves in the market is crypto-backed quick loans. Although this is considered a new innovation, some people see it as a great way to leverage their cryptocurrency investments while some people say borrowing from a crypto-backed quick loan is completely ridiculous.

The populace is divided. But only one fact remains – crypto-backed quick loans will definitely have a huge impact on the crypto industry.

How Do Crypto-Backed Quick Loans Work?

When borrowing from crypto loans, you eliminate the middleman during the transaction process such as banks and other financial institutions. In other words, it’s not a conventional type of borrowing money. Some of these loans offer better rates than bank interest rates. Say, for example, you have crypto assets, in most cases, a crypto holder sells their crypto when the time is good for selling to gain profits. However, some investors use their cryptocurrencies as collateral when borrowing from a crypto quick loan, allowing them to still manage ownership of their funds and getting some cash at the same time for whatever purpose it serves.

Some people say it’s completely mad to borrow from a crypto loan because it’s a very capricious business. Prices can fluctuate and drop anytime. A borrowed cash of a thousand dollars can make you end up paying off double or triple the borrowed amount if you get caught in the price drop frenzy.

If you ever want to buy a new home, diversify investments, pay off travel expenses, settle your long overdue debts, or fund a business; crypto quick loans are an excellent way to start getting cash. It’s very fast, easy, and hassle-free.

The initial step when borrowing is of course – assessment. A borrower is evaluated based on his credit score, demographic data, and online activities to assess if the borrower is eligible for a loan and is trustworthy of paying it off.

The Impact on the Crypto Industry

Now that you know the ins and outs of crypto-backed quick loans, it’s time to scrutinize how this effective innovation will change the entire crypto industry.

First of all, cryptocurrency will be more popular than ever. It’ll entice more investors in joining the bandwagon. We all know how cryptocurrency sometimes gets a bad rap for its volatility but with crypto-backed loans, people will assume that this is a progressive and positive industry which is worth taking a risk for.

Secondly, because the entire borrowing process is quite easy to accomplish, more and more people will opt for borrowing crypto loans instead of borrowing from conventional lending institutions. Although most crypto loans strictly do credit checks on borrowers, there are some crypto loans out there which don’t adhere to this initial step. It’s very convenient for people who are struggling with their credit history. Consequently, the industry will become a top choice for loaning money and cryptocurrencies will gain more trust from people. In the future, we can expect these crypto platforms to multiply in number and there will be an influx of investors as well. The crypto world will be a topnotch investment caliber in digital trading.

Thirdly, as more and more people enter into the world of digital currencies, we can expect an increase in digital coin prices. The value of these digital coins will see a price surge because there will be a higher demand in the future.

Lastly, all preconceived notions about cryptocurrencies being a negative way to achieve profitability will be completely eliminated. The crypto world will become a force to be reckoned with.

Is It Worth Borrowing from A Crypto-Backed Quick Loan?

As previously mentioned, you could end up paying triple the borrowed amount because cryptocurrencies are extremely volatile. True enough, it has been proven to be a risky digital trading. While some people advice that if you need instant cash, all you have to do is sell your coins and that’s it. But because the crypto industry wants the best for their investors in terms of convenience, crypto holders can now use their cryptocurrencies as collateral when borrowing from quick loans without having to sell their crypto. Then they can pay off their loan and get all of their crypto back.

There’s a reason why the crypto world has opened up this new facet in the middle of its booming digital situation. And that’s because they see this as a better option of getting instant cash while avoiding endless queues and a bunch of red tape during the entire process in traditional lending companies. So I guess you could say – YES, borrowing from crypto-backed quick loans are worth it.

 

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Author Bio:Lily, is a blogger, who enjoys sharing tips on personal finance, business and entrepreneurship. She is currently working for My Quick Loans, which offers fast loans online in the UK including Christmas loans, Payday loans, Late Night loans, Weekday loans, Student Short Term Payday loans and many more.

Cryptocurrency

Top 5 Cryptocurrency Tips for GAINS during DOWNTIME

There’s a reason why people opted for cryptocurrencies many years back. With most of them claiming that it’s profitable, secure, and free from system outages; people have jumped right into the bandwagon without doing further research.

Sure enough, users may have had a seamless user experience ever since Bitcoin was launched in 2009. But with an upswing of several downtime occasions from several exchanges or online wallets in the last recent years; this leaves one question which is probably still up in the air, at the time of writing: Are investors at risk now due to downtime inflation?

Coinbase’s downtime occurrence last December 2017 and Bitcoin’s so-called “system maintenance” last August 2018 have left a lot of investors hanging by a thread. Not that a system glitch is something out of the ordinary; but the fact that the system was disrupted for about 12 hours and 2 hours, respectively, while the value soared at noticeable prices during those times left investors asking yet another question: Were those manipulated?

The Worst Downtime in Cryptocurrency History

During a dreadful downtime and sky-high values happening in cryptocurrencies simultaneously, sometimes investors can’t help but speculate if these are indeed planned or a big coincidence. As if missing out on a good trade isn’t bad enough, put hacking into the mix and investors will find themselves really keeping both eyes on those computer screens until the page doesn’t annoy you with that all-too-familiar blue screen.

The most recounted downtime in cryptocurrency history that led to class suits should remind investors that this is somewhat the price they pay for not doing due diligence. The world’s largest cryptocurrency exchange, Bithumb, has found itself in a conundrum when its users have filed a class suit after a 90-minute server outage on November 12, 2017. Although this might not sound as bad as Kraken’s 48-hour server maintenance, investors claimed of losing millions of dollars when the outage hit the fan – a $250-million loss to be exact.

Let’s not forget about Kraken’s DDoS attacks last June 2018 which formed a bunch of Florida users to file a class suit against the said platform. They allegedly claimed of losing up to a million dollars during the frenzied trading.

How to Ensure Gains in Case a Downtime Occurs?

As crypto investors, this is an inevitable situation nowadays but since investors are nevertheless responsible for their investment decisions, here are 5 simple ways you can do to prepare yourself in case a distressing downtime happens:

1 Don’t Put All Your Eggs in One Basket

As with any other investment options, having different portfolios or platforms might save you from a great deal of money whenever your favorite exchange or online wallet’s server fails. But that’s not the only benefit you’ll get from diversifying, you also get to leverage your trading on different platforms with different prices.

2 Choose Decentralized Platforms

A distributed denial-of-service attack (DDoS) is when an influx of users simultaneously uses the system. When you’re investing in a centralized platform which is handled by a sole controller, you’re bound to see doom. The advantage of decentralized platforms is that they are managed through peer-to-peer transactions, therefore, lessening the risks of DDoS attacks.

3 Look at Long-Term Holds

While it’s almost always tempting to sell when “it’s too high”, putting your investments in long-term holds will be beneficial for you in the long run – if you’re patient. So during a downtime, when an upsurge of value takes over, don’t worry if you can’t log in. Who knows, it’ll be double or triple a week from now or even months from now! You’ll likely thank the server for failing at an opportune time.

4 Consider Stop-Loss Orders

If you really don’t want to further your loss and maximize your gains pre, during, and post downtime; don’t forget to set up stop-loss orders across all your exchange platforms. When a downtime occurs, at least you can sleep you at night knowing you won’t be losing that much.

5 Be Patient. Persist.

If you really want in on a good trading situation during a server crash, be unrelenting in clicking the “refresh” button. Patience is a virtue, they say. So hope for the best but don’t expect too much.

As the surge of cryptocurrency investors seems to fortify more people, downtime occurrences are also giving some of them a huge scare. These simple tips will maximize gains or control losses during server outages; so it’s vital to be always on the ball about your investments.

 

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Author Bio:  Lily Brooks, a frequent traveler and numismatist, loves to write about little-known facts and fun stuff about coins, travel, health and food. She is currently working for First Fidelity Reserve, which specializes in rare United States coins and precious metals, including gold, silver, and platinum bullion and provides superlative service, insightful analysis and comprehensive consultation for rare coin investors and collectors.

 

 

General

5 Ways to outsource your financial management

Financial Management: The Path To Wealth Or Debt

One of the most common occurrences in life is debt. Many people struggle to stay on top financially. Meanwhile, many often wonder what separates the few people who always manage to keep their cash flow strong.

Most debt comes down to one simple factor: The management of your finances. Correctly navigating the balance between your income and outgoings is often the difference between debt and prosperity.

This is because most loans or bills work through penalizing late or missed payments. This means debts can quickly mount up and become unmanageable.

Loans, bills and other expenses can often be overlooked or forgotten too. So, even if you had the money to pay them initially, they can quickly become too expensive.

A lot of people can be inefficient with their income too. Spending on unnecessary things or impulse buying can quickly leave you short on money. This creates the same problem as mounting debts.

So, the major factor in keeping you financially healthy is managing your money and bills. But, this is easier said than done. Most people are too busy to keep such a close eye on their finances. This is especially true for those who are already in debt and are trying to work their way out.

The best option for many of these individuals is simply to outsource their financial management to another person or organization. This will allow a tighter watch to be kept over your money without tying you up. But, many people are unaware of how to do this.

So, below, we put together five ways you can outsource your financial management to make your life easier and stay financially stable.

5 Ways To Outsource Your Financial Management

1. Financial management firms

Using financial management firms when outsourcing financial management is usually a practice done by businesses. But, some firms also offer a similar service for private individuals. Here, your expenses and income are taken care of by a company.

Your money is either used to pay bills and debts, saved, or provided to you for expenses. The two drawbacks to this are the cost of these firms and the loss of control over your money. But, it is one of the most effective ways of getting your finances under control.

2. Wage garnishment agreements

The use of lawyers to help with wage garnishment is a common occurrence for those already in debt. But, they can be as useful for those trying to avoid debt. Wage garnishment lawyer help draw up agreements to have your employer withhold a certain amount of your wages to pay debts.

This automatic form of payment is effortless and helps you pay your debts quicker to stop them building up. It’s also cheaper than the above option, as you only need to draw up an agreement once. Although you may need to pay again to end the agreement.

3. Use technology

The use of apps on your smartphone is an easy and very low-cost way of having your finances managed. While it’s not outsourcing the management completely, some apps offer analysis of your incomes and expenses. Others even offer a way to pay your bills automatically, so they don’t go unnoticed.

The only drawback here is the work you will need to do to set up the apps and review how they are working now and again.

4. Use an accountant

This is a scaled-down version of the first option and should be considered even if you are good at managing your finances yourself. An accountant can help you get a clear view of your income and outgoings and can help you manage your money better.

They may also help you save some money by showing some tax-efficient ways to spend or save your cash. They can also be hired as-needed for added efficiency.

5. A family member or close friend

This is one of the oldest ways of outsourcing your financial management. But, it is one of the riskiest. Giving financial control to a close friend or family member can help save you from impulse buying and unnecessary spending.

But, if there are conflict arises, related or unrelated, to finances, this can cause a strain on the relationship. So, this method merits careful thought and should only be considered by those who can’t choose any of the above options.

 

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Author Bio: Susan Ranford is an expert on career coaching, business advice, and workplace rights. She has written for New York Jobs, IAmWire, and ZipJob. In her blogging and writing, she seeks to shed light on issues related to employment, business, and finance to help others understand different industries and find the right job fit for them.

General

How To Hold More Effective, Successful Meetings

 

If they were giving out awards for work things you loved, one of the last things to ever get noticed would be meetings. In fact, nearly half of all employees said meetings are their single biggest waste of time. But there’s no way that meetings are going away. We’re dependent on them, and we hold about 11 million meetings each and every day, consuming over thirty percent of employees’ time. The solution, however, isn’t as hard as you might think. Setting an agenda, choosing a meeting type, even limiting attendance and technology can help. This graphic can help you take control and love your meetings more.

What you should do when meetings don’t meet expectations

General, News

The Top Tech Billionaires In The World In 2016

 

For many companies, 2016 has been a riotous year. However, billionaires involved in the tech industry continue to be amongst the world’s richest people. From social media to computer technology, internet security to streaming services, the developments in tech continue to dominate the market. The world famous finance magazine Forbes Magazine recently accumulated a list of the top 100 richest individuals in tech. In fact, the tech industry is so successful that the minimum net worth on the top 100 list is $2.2 billion. If you were to combine the wealth of these tech individuals, it accumulates to over $892 billion.

Using Forbes findings, ERS created this brilliant infographic below. It features the top ten tech billionaires in the world. It reveals their current occupation, their tech achievements, estimated fortune and inspiring quotes. Although these tech entrepreneurs are in different sectors within the tech industry, they do share some commonalities. For starters, there are all based in either China or America. Secondly, they are all men and lastly, they are all heads of major tech companies. The infographic reveals a fascinating fact: out of the 51 billionaires living in the United States, 37 of them live in California. So who will take the top spot? For all the answers, let’s check out the infographic now!

Did you like the infographic? Which of these tech billionaires do you think is the most influential? We’d love to hear from you in the comment section below!