THE TECHNOLOGY industry has more millennial billionaires than any other sector.
Research from Physical Gold analysing the Forbes billionaire list established the industries with the highest number of millennial (26- to 41-year-old) billionaires.
With 43 millennial billionaires in total, the tech sector wins. Mark Zuckerberg — the richest millennial in the world with a net worth of $67.3bn — is in there.
|The industries with the Most Millennial Billionaires|
|Industry||No. of Billionaires||Collective Net Worth ($ billion)|
|Finance and Investments||21||$106.5|
|Media and Entertainment||11||$85.1|
|Fashion and Retail||10||$38.1|
|Food and Beverage||4||$18.4|
|Metals and Mining||4||$7.1|
|Construction and Engineering||1||$1.2|
Second is the finance and investments industry, with a tally of 21. This is followed by media and entertainment, where the billionaires have a collective net worth of $85.1bn.
Fashion and retail comes in at fourth place, with 10 millennial billionaires holding $38.1bn. In fifth place is the retail estate sector, with a cumulative wealth of £30.3bn. Healthcare has six billionaires, putting it in sixth place, and automotive, food and beverage, manufacturing, and metals and mining all have four.
Construction / engineering and energy each have just a sole billionaire each. Interestingly, these are the industries with the oldest billionaires.
|The average age of Billennial Billionaires|
|Industry||Average age||No. of Billionaires||Collective Net Worth ($ billion)|
|Metals and Mining||34||4||$7.1|
|Finance and Investments||36||21||$106.5|
|Fashion and Retail||36||10||$38.1|
|Food and Beverage||37||4||$18.4|
|Media and Entertainment||39||11||$85.1|
|Construction and Engineering||41||1||$1.2|
The healthcare, and metals and mining industries have the youngest average age: a tender 34. The millennials in these industries combined have a net worth of $14.7bn.
|The 10 Richest Millennial Billionaires in the World|
|Mark Zuckerberg||37||Technology||67300||United States|
|Zhang Yiming||38||Media & Entertainment||50000||China|
|Sam Bankman-Fried||30||Finance & Investments||24000||United States|
|Guillaume Pousaz||40||Finance & Investments||23000||Switzerland|
|Yang Huiyan & family||40||Real Estate||18700||China|
|Lukas Walton||35||Fashion & Retail||16500||United States|
|Dustin Moskovitz||37||Technology||11500||United States|
|Brian Chesky||40||Technology||11500||United States|
Second to Zuckerberg is Zhang Yiming, who operates in the media and entertainment industry.
New entrants include Rihanna (34), with a net worth of $1.7bn. Her success is attributed to her cosmetics line Fenty Beauty, her lingerie company Savage x Fenty, and her music career.
See the full research here: https://www.physicalgold.com/insights/the-forbes-billionaire-index