In the race to be the richest person in world, many people have been asking themselves how can they become a billionaire? The question is, what should I do in order to be a billionaire if I have nothing to start with?
Well you are on the right page, because here I will explain simple steps on how to achieve your dream of being a billionaire.
Investment banker
There’s plenty of confusion about what investment bankers actually do. Do they work in a bank? Do they invest? What exactly do they invest in, anyway? Essentially, an investment banker acts as the middleman between buyers and sellers of companies and is responsible for making these corporate deals happen. Their job, then, is to advise their clients on a sale, whether that be the acquisition of bonds, stocks, mergers or an equity or debt offering.
This is a top Wall Street career, but it can also be a highly demanding and stressful one, with investment bankers often clocking in 100 working hours a week. Their efforts, however, are rewarded with a highly lucrative sum, as this is one of the best careers that could potentially lead to a 7- or even 10-figure salary.
If you are thinking of tapping into investment banking then you could launch you career by familiarising yourself with the ins and out of the industry.
Want to become an investment banker? Gain the foundations to excel in this role by enrolling on Yale University’s Financial Markets online course.https://0653af9c11bb8d3b5c5f749503648b9f.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
Author
Becoming a successful author is not a breezy walk in the park; it’s more like running a marathon on a scorching day without any shoes on. Indeed, from start to end, the process of writing a book and getting it published can be gruelling, even for the most talented wordsmiths out there. But when you do land yourself a book deal, there’s huge earning potential.
Quite frankly, the best of the best were never in it for the money. As talented storytellers, they wooed the world with their gripping narratives and made a fortune while they were at it. Take JK Rowling, for example: today known as the richest author in the world, Rowling’s manuscript of the very first Harry Potter book was rejected 12 times before it was finally published in 1997 and ultimately went on to shape an entire generation.
Have what it takes to be an author? If you’re a wordsmith yourself, honing your skills with the University of Michigan’s Writing and Editing online course could be a great step towards the right direction.https://0653af9c11bb8d3b5c5f749503648b9f.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
Athlete
As a top-ranking athlete, you not only get to enjoy the glory, fame and titles but also make a great deal of money. Indeed, thanks to endorsement deals, championship prize money and high salaries, the greatest athletes get to take home a lot more than just trophies and awards.
To join the likes of Michael Jordan, Tiger Woods and Serena Williams, however, it takes undeniable talent and skill, while being dedicated to your chosen sport and enduring all its ups and downs could be determining factors for your success.
Want to become a professional athlete? Learn directly from an NHL record-breaker and develop the right mindset for sporting success by watching Wayne Gretzky’s class.
Entrepreneur
Entrepreneurs are often the makers of their own fortune. In other words, you’ll rarely find a billionaire entrepreneur working for somebody else. Indeed, they paved their way to success by developing their own innovative products and services and taking the world by storm.
Take Bill Gates and Jeff Bezos, two of the richest people in the world, as an example. These tycoons started off with a simple idea which they developed into a multibillion-dollar success.
Undoubtedly, working as an entrepreneur is one of the best careers that can make you a billionaire. From tech to media and retail to healthcare, 10-digit fortunes have been forged in numerous industries. So, in order to become a successful entrepreneur, you first need to find your niche before you can build your own empire.https://0653af9c11bb8d3b5c5f749503648b9f.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
Have what it takes to be an entrepreneur? Get expert guidance from top professors and join the Entrepreneurship online course at the Wharton School of the University of Pennsylvania.
Lawyer
Practising law is one of the best careers for incredibly high earning potential. However, while the median salary for lawyers can top $120,910 annually, this is a seemingly modest income compared to what the top dogs make. Of course, different areas in law can yield higher profits, and the most lucrative law careers that can make you a billionaire include corporate, criminal, patent, tax, real estate and intellectual property law.
When it comes to earning big as a lawyer, a steady success rate in courts and a list of big clients are two of the most important factors. In Wichai Thongtang’s case, for example, representing the former prime minister of Thailand, Thanksin Shinawatra, as well as having numerous top executives and corporations on his billing list account for a major chunk of his $1.9 billion fortune.
Want to become a lawyer? If this seems like the career for you, then explore some of these online law courses offered by some of the best schools in the world.https://0653af9c11bb8d3b5c5f749503648b9f.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
Real estate developer
The real estate industry is becoming an increasingly large playing field for multibillionaires. So, as property value is on the rise, real estate developers are, quite literally, building their wealth with commercial and residential development projects.
In order to win a place in the grown-up real estate table, you first need to expand your knowledge in the field. Getting experience as a real estate agent first and learning about the local market is a good way to tap into this lucrative industry. In fact, the world’s richest real estate tycoon, Hui Ka Yan, started his career by purchasing low-price properties across China before gradually moving on to bigger ventures. Currently, his company boasts over 800 projects under its belt, earning him nearly $30 billion in personal profits.
TRY READING:Top Hardest Jobs in the World
Surgeon
Becoming a surgeon is as demanding as it is rewarding. Although it might take years of intensive training to attain the title, your efforts are rewarded with a hefty salary as well as the skills to save lives.https://0653af9c11bb8d3b5c5f749503648b9f.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
The best of the best, however, make a lot more than the average surgeon in their field. Outside the operating theatre, surgeons devote their time in conducting innovative research and developing groundbreaking medical treatments. For some, this noble cause can prove to be a great source of wealth – case in point: Dr Patrick Soon Shiong, a pioneer of cancer treatment and the richest surgeon in the world.
Innovate
Innovation is the fine art of considering a current mainstream market and finding a creative way to improve the current offering.https://1771a2a9fc1749ff2baf88ed7ff67bfe.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html
Successful innovators will identify the real needs behind customer demands and will meet them with a smarter, better, more efficient product, or with a service that provides more than its competitors. Others may develop a business that works in a way just different enough to stand out from the rest. IKEA founder Ingvar Kamprad is a great example of someone who used innovation to yield billions.3 Furniture doesn’t seem like a very exciting market, but his approach of providing modular, economical pieces with a modern flair from Sweden and other European designers and manufacturers to a global market proved fruitful.
Do: Invest
Self-made billionaire Warren Buffett is famous for his frugal ways and for his smart investments. Investing, of course, requires a little seed money and some accurate insight into which investments are smart and which could result in a loss. If you can follow in the footsteps of billionaire investors like Buffett, then this might be the route for you.
Do: Be an Entrepreneur
The third option for becoming a billionaire is in the time-honored tradition of entrepreneurial pursuits. Starting a business and taking it to success isn’t always easy, but for those with good business sense and the ability to spot start-ups that have the potential to be great, entrepreneurship can be the vehicle to great wealth.
Billionaire entrepreneurs might work in one of two ways: either by coming up with a great idea and taking it all the way, as in the case of Bill Gates and Microsoft or by spotting someone else’s good idea and investing in it early on. Both are viable ways to reach the success that can get you billions of dollars when it comes to your own net worth.
Conclusion
At first glance, this may seem like a simple question. After all, what does it take to become a billionaire? The first thing that comes to mind is probably some sort of education, on something technical or on business. There are many billionaires that have never gone to college, so let’s look at Billionaires who have. While some schools are more known for creating billionaires than others, I think it’s safe to say that you could study anywhere and still have the chance to become rich.