GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
So if youre looking to start the next billion-dollar business,take a look at these top industries.
Manufacturing
Somewhat surprisingly, manufacturing businesses produced over 500 new billionaires in the past 10 years.
With manufacturing on the rise globally, the recent trade war has heated up competition.
There are seeming unlimited pathways to becoming a billionaire in technology but the competition is fierce.
To actually build a billion-dollar technology company, you should look for industries that are ripe for disruption.
A simple app that solves a painful age-old problem could quickly take off and launch at a billion-dollar valuation.
Many of this newfound wealth comes from venture capital firms putting money into unicorn companies and riding the wave.
There are several other fashion billionaires, as well, but it takes time to build a fashion empire.
Healthcare
Biotech and pharmaceuticals are huge industries, especially in the wake of a global pandemic.
There is massive competition in the industry and long development cycles for pharmaceuticals.
More From GOBankingRates
Share This Article:
