Here Are The 16 Key Components That Attribute To Making The Most New Millionaires

The consulting firm Capgemini identified the industries expected to produce the most millionaires by 2025, based on net worth excluding primary residences. Here are the top sectors ranked by their projected share of millionaire creation:

16. Food Services and Accommodation: 4%

Not highly favored by experts, yet companies like McDonald’s have doubled share prices in recent years.

15. Utilities: 6.6%

Power companies have struggled recently, partly due to growth in renewable energy alternatives.

14. Natural Resources: 13.5%

Oil and gas industries have faced challenges and are not expected to rebound soon.

13. Transportation: 13.9%

Focused on the movement of goods, currently benefiting from low oil prices, though uncertain how long this will continue.

12. Retail and Wholesale Trade: 14%

Highly dependent on consumer spending and confidence, making this sector volatile.

11. Entertainment and Recreation: 15.2%

Challenges like piracy remain a persistent issue in this sector.

10. Renewable Energy: 17%

Growing awareness that fossil fuels need replacement is gradually benefiting this industry.

9. Aerospace and Air Transportation: 18%

Despite high barriers to entry, airplane manufacturing and air travel remain big businesses.

8. Agriculture and Mining: 18.9%

Growth is expected from strengthening economies in Asia and Africa supporting demand.

7. Education: 19.8%

Rising university tuition and fees are driving growth and wealth in this sector.

6. Communications: 20.2%

Projected to continue creating wealth—humans do love to talk.

5. Real Estate and Construction: 20.2%

Demand persists as populations grow, ensuring an ongoing need for construction and property.

4. Manufacturing: 22.3%

Consistent demand because humans always need goods.

3. Healthcare: 30.1%

As long as people get sick, the pharmaceutical and healthcare industries will generate wealth.

2. Technology: 30.9%

Includes not only giants like Facebook and Google but also fintech and disruptive companies like Airbnb and Uber.

1. Financial Services: 35.7%

Experts agree banking and financial sectors offer the best opportunities for creating millionaires.

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