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Study engineering at university if you want to become a billionaire, report suggests
September 20, 2017, 2:42 pm

Students who study engineering or business at university are more likely than their peers to become billionaires, a new study suggests. Those who have already entered the job market and are either in a sales career or stock trader role are also among the most likely to become part of the world's richest people club.

The findings are based on a study by the recruitment agency Aaron Wallis, which looked into the richest 100 people in the world to see if there was any correlation between their first careers and how wealthy they became.

It found that the most common first job among the top billionaires – who started in an organisation that wasn't their own, as opposed to entrepreneurs who started their own company or those employed in a family business – was that of a salesperson.

Ten of the 53 billionaires who started their careers in an organisation that was not their own started in this role, while there were nine billionaires who began their career as a stock trader.

The research also found that 75 of the world’s 100 richest people – a list that includes Bill Gates, Warren Buffet, George Soros and Jeff Bezos – have earned a degree.

Of these 75, 22 studied a degree in engineering (including Amazon's Bezos and Google's Larry Page), 16 studied business and 11 read finance and economics.

Thirty billionaires in the top 100 list either inherited or worked for a family business, while 17 started their own company. In July, Mr Bezos briefly overtook Mr. Gates as the richest person in the world following a surge in the online retailer's shares ahead of its earnings report, before the stock fell back again and Mr. Gates regained the top spot.

Mr Gates, who is worth around $87bn, has been the wealthiest person in the world since May 2013. The philanthropic billionaire has given away $31.1bn of his wealth to charitable causes, while Mr. Bezos has donated just $100m, according to Forbes. 

Source: Telegraph

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