{"id":2231,"date":"2023-11-17T08:43:00","date_gmt":"2023-11-17T08:43:00","guid":{"rendered":"https:\/\/thewealthcircle.com\/?p=2231"},"modified":"2023-11-17T08:53:26","modified_gmt":"2023-11-17T08:53:26","slug":"7-streams-of-income","status":"publish","type":"post","link":"https:\/\/kiiky.com\/wealth\/7-streams-of-income\/","title":{"rendered":"What are the 7 Streams of Income of Most Billionaires?","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n<p>Billionaires are just a fraction of the world&#8217;s population. According to Forbes, about 2,075 billionaires currently have a combined net worth of $8 trillion.<\/p>\n\n\n\n<p>These billionaires didn&#8217;t just jump into such huge &#8220;worths&#8221; today as they strived and worked hard to attain them.<\/p>\n\n\n\n<p>Although many studies have been done to identify how billionaires make their money, ours will identify the 7 Streams of Income of Most Billionaires.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-how-many-sources-of-income-do-most-millionaires-have\" data-level=\"2\">How many Sources of Income do most Millionaires have?<\/a><\/li><li><a href=\"#h-which-is-the-richest-source-of-income\" data-level=\"2\">Which is the Richest Source of Income?<\/a><\/li><li><a href=\"#h-which-income-stream-gives-90-of-millionaires-created\" data-level=\"2\">Which Income Stream gives 90% of millionaires created?<\/a><\/li><li><a href=\"#h-7-streams-of-income-of-most-billionaires\" data-level=\"2\">7 Streams of Income of Most Billionaires<\/a><ul><li><a href=\"#h-1-ecommerce\" data-level=\"3\">#1. Ecommerce<\/a><\/li><li><a href=\"#h-2-technology\" data-level=\"3\">#2. Technology<\/a><\/li><li><a href=\"#h-3-fashion\" data-level=\"3\">#3. Fashion<\/a><\/li><li><a href=\"#h-4-transport\" data-level=\"3\">#4. Transport<\/a><\/li><li><a href=\"#h-5-media\" data-level=\"3\">#5. Media<\/a><\/li><li><a href=\"#h-6-real-estate\" data-level=\"3\">#6. Real Estate<\/a><\/li><li><a href=\"#h-7-service-businesses\" data-level=\"3\">#7. Service Businesses<\/a><\/li><\/ul><\/li><li><a href=\"#h-how-do-you-create-7-streams-of-income-for-passive-wealth\" data-level=\"2\">How do you create 7 Streams of Income for Passive Wealth?<\/a><\/li><li><a href=\"#h-final-thoughts\" data-level=\"2\">Final Thoughts<\/a><\/li><li><a href=\"#h-recommendations\" data-level=\"2\">Recommendations<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-many-sources-of-income-do-most-millionaires-have\"><span id=\"how-many-sources-of-income-do-most-millionaires-have\"><strong>How many Sources of Income do most Millionaires have?<\/strong><\/span><\/h2>\n\n\n\n<p>7 different income streams<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-which-is-the-richest-source-of-income\"><span id=\"which-is-the-richest-source-of-income\"><strong>Which is the Richest Source of Income?<\/strong><\/span><\/h2>\n\n\n\n<p>In general, company ownership and entrepreneurship are how wealthy people make their money. Those willing to take on more risk can launch a business to get wealthy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-which-income-stream-gives-90-of-millionaires-created\"><span id=\"which-income-stream-gives-90-of-millionaires-created\"><strong>Which Income Stream gives 90% of millionaires created?<\/strong><\/span><\/h2>\n\n\n\n<p>Real estate.<\/p>\n\n\n\n<p>90% of millionaires become millionaires through real estate ownership.<\/p>\n\n\n\n<p>This well-known adage from Andrew Carnegie, one of the most successful businessmen ever, is still true today as it was more than a century ago. The world&#8217;s most prosperous businesspeople have accumulated a fortune through real estate.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-7-streams-of-income-of-most-billionaires\"><span id=\"7-streams-of-income-of-most-billionaires\"><strong>7 Streams of Income of Most Billionaires<\/strong><\/span><\/h2>\n\n\n\n<p>The following income streams have produced some of the biggest billionaires today.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-ecommerce\"><span id=\"1-ecommerce\"><strong>#1. Ecommerce<\/strong><\/span><\/h3>\n\n\n\n<p>After the internet burst, a few companies took advantage of it to sell and deliver value.<\/p>\n\n\n\n<p>Today Amazon<strong> <\/strong>&#8211; one of the top companies in the world &#8211; has shown the possibilities accessible in the e-commerce industry.<\/p>\n\n\n\n<p>Ecommerce has become a huge business venture as other companies like Facebook and Google have indicated serious interest in the enterprise.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-how-e-commerce-works\"><span id=\"how-e-commerce-works\"><strong>How e-commerce Works<\/strong><\/span><\/h4>\n\n\n\n<p>E-commerce is simply selling anything online. Whether physical or information products, they all fall under the e-commerce industry.<\/p>\n\n\n\n<p>For a company like Amazon, you will open an online store to upload pictures and videos of your products. The company takes a percentage off the purchase amount for any buyer who purchases your products.<\/p>\n\n\n\n<p>This is one of the 7 Streams of Income that most billionaires have.<\/p>\n\n\n\n<p><strong>Read more: <a href=\"https:\/\/kiiky.com\/wealth\/where-to-sell-comic-books\/\" target=\"_blank\" rel=\"noreferrer noopener\">Where to Sell Comic Books Quickly in 2023 | Old &amp; New Books<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-technology\"><span id=\"2-technology\">#2. Technology<\/span><\/h3>\n\n\n\n<p>Without technology, we wouldn&#8217;t be able to use some products that make us happy. <\/p>\n\n\n\n<p>For example, Facebook, Google, and WordPress allow us to connect with people from all over the world, find information from anywhere, and communicate information from anywhere in the world, respectively.<\/p>\n\n\n\n<p>Several great companies have been established due to the growth of technology, and that will not change.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-3-fashion\"><span id=\"3-fashion\"><strong>#3. Fashion<\/strong><\/span><\/h3>\n\n\n\n<p>For a long time, fashion was all about having a great wardrobe and making some nice clothes until certain people turned it into a business.<\/p>\n\n\n\n<p>Today, billionaires like Armancio Ortega and Bernauld Anault are grateful to the fashion industry for helping them reach the great heights of billionaire status.<\/p>\n\n\n\n<p>The fashion industry is worth $2.5 trillion globally. And many fashion companies have gained a huge advantage in the market. Some of the <a href=\"https:\/\/fashionunited.com\/i\/top200\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">biggest fashion companies<\/a> include:<\/p>\n\n\n\n<ul>\n<li><strong>Zara<\/strong><\/li>\n\n\n\n<li><strong>Versace<\/strong><\/li>\n\n\n\n<li><strong>Nike<\/strong><\/li>\n\n\n\n<li><strong>LVMH<\/strong><\/li>\n\n\n\n<li><strong>Hermes<\/strong><\/li>\n\n\n\n<li><strong>D&amp;G<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-4-transport\"><span id=\"4-transport\"><strong>#4. Transport<\/strong><\/span><\/h3>\n\n\n\n<p>We need transport to cover certain distances. The transport business is a serious business that has grown from being all about taxis and buses to professional rides. <\/p>\n\n\n\n<p>Companies like Uber have enabled you to enjoy a luxurious ride drive even if you don&#8217;t own a car.<\/p>\n\n\n\n<p>Their yearly income runs into billions of dollars as they keep growing.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-5-media\"><span id=\"5-media\"><strong>#5. Media<\/strong><\/span><\/h3>\n\n\n\n<p>The media has been the strongest system of communication from person to person. As much as people communicate, people get to identify with different events they can&#8217;t physically attend.<\/p>\n\n\n\n<p>The media comprises one of 7 streams of income for billionaires. According to Media Post, the average American consumer spent $1,344.55 in 2018, an increase of 3.6% from 2017.<\/p>\n\n\n\n<p>Some of the biggest media firms in the world include:<\/p>\n\n\n\n<ul>\n<li><strong>Disney World<\/strong><\/li>\n\n\n\n<li><strong>CNN<\/strong><\/li>\n\n\n\n<li><strong>New York Times<\/strong><\/li>\n\n\n\n<li><strong>Huffington Post<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-6-real-estate\"><span id=\"6-real-estate\"><strong>#6. Real Estate<\/strong><\/span><\/h3>\n\n\n\n<p>The real estate industry is worth over $9 trillion. Airbnb, established in 2008, introduced an aspect of real estate that has made them a top firm in the world. Indeed, this contributed to the high value of the real estate.<\/p>\n\n\n\n<p>Real estate has remained one of the 7 streams of income for most billionaires due to the need for quality and affordable housing.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-7-service-businesses\"><span id=\"7-service-businesses\">#7. Service Businesses<\/span><\/h3>\n\n\n\n<p>Walmart has shown that you can make a lot of money as a service business. Today, they have a net worth of over $300 billion dollars and over a million employees.<\/p>\n\n\n\n<p>A business which started as a retail store is now trading on the stock market.<\/p>\n\n\n\n<p>The Walton Family &#8211; owners of Walmart &#8211; make up the top ten billionaires in the world as the family&#8217;s eldest son represents them.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-do-you-create-7-streams-of-income-for-passive-wealth\"><span id=\"how-do-you-create-7-streams-of-income-for-passive-wealth\"><strong>How do you create 7 Streams of Income for Passive Wealth?<\/strong><\/span><\/h2>\n\n\n\n<ul>\n<li>Ideas for passive income<\/li>\n\n\n\n<li>Develop a course<\/li>\n\n\n\n<li>Publish an ebook<\/li>\n\n\n\n<li>Rental revenue<\/li>\n\n\n\n<li>Affiliate promotion<\/li>\n\n\n\n<li>Flip commercial goods<\/li>\n\n\n\n<li>Online photography sales<\/li>\n\n\n\n<li>Invest in real estate crowdfunded<\/li>\n\n\n\n<li>Peer-to-peer lending<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-final-thoughts\"><span id=\"final-thoughts\"><strong>Final Thoughts<\/strong><\/span><\/h2>\n\n\n\n<p>Billionaires make a lot of money from their businesses. However, there are 7 Streams of Income for Most Billionaires. And we have outlined them here for you to read and know.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-recommendations\"><span id=\"recommendations\"><strong>Recommendations<\/strong><\/span><\/h2>\n\n\n\n<ul>\n<li><a href=\"https:\/\/kiiky.com\/wealth\/ways-to-get-paid-to-go-to-school\/\" target=\"_blank\" rel=\"noreferrer noopener\">7 Ways to get paid to go to school | Sure Passive Income<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/kiiky.com\/wealth\/home-income-system-reviews\/\" target=\"_blank\" rel=\"noreferrer noopener\">Home Income System Reviews: Earn Money From Home | Legit Or Scam<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/kiiky.com\/wealth\/best-passive-income-ideas\/\" target=\"_blank\" rel=\"noreferrer noopener\">15 Best Passive Income Ideas to Make Money While Sleeping in 2023<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/kiiky.com\/wealth\/best-income-producing-assets-you-should-go-for\/\" target=\"_blank\" rel=\"noreferrer noopener\">Best Income Producing Assets You Should go for<\/a><\/li>\n<\/ul>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"Billionaires are just a fraction of the world&#8217;s population. According to Forbes, about 2,075 billionaires currently have a&hellip;\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":11,"featured_media":9260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.7 (Yoast SEO v22.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What are the 7 Streams of Income of Most Billionaires?<\/title>\n<meta name=\"description\" content=\"The 7 Streams of Income of Most Billionaires are Real Estate, Ecommerce, Technology, Fashion, Transport, Media, and Service Businesses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kiiky.com\/wealth\/7-streams-of-income\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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are just a fraction of the world&#8217;s population. 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According to Forbes, about 2,075 billionaires currently have a combined net worth of $8 trillion. These billionaires didn&#8217;t just jump into such huge &#8220;worths&#8221; today as they strived and worked hard to attain them. Although many studies have been done to identify how billionaires make their money, ours will identify the 7 Streams of Income of Most Billionaires. Table of contentsHow many Sources of Income do most Millionaires have?Which is the Richest Source of Income?Which Income Stream gives 90% of millionaires created?7 Streams of Income of Most Billionaires#1. Ecommerce#2. Technology#3. Fashion#4.&hellip;\n","category_list_v2":"<a href=\"https:\/\/kiiky.com\/wealth\/category\/passive-income\/\" rel=\"category tag\">Passive Income Ideas<\/a>","author_info_v2":{"name":"chucks","url":"https:\/\/kiiky.com\/wealth\/author\/chucks\/"},"comments_num_v2":"0 comments","gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/kiiky.com\/wealth\/wp-json\/wp\/v2\/posts\/2231"}],"collection":[{"href":"https:\/\/kiiky.com\/wealth\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kiiky.com\/wealth\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kiiky.com\/wealth\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/kiiky.com\/wealth\/wp-json\/wp\/v2\/comments?post=2231"}],"version-history":[{"count":9,"href":"https:\/\/kiiky.com\/wealth\/wp-json\/wp\/v2\/posts\/2231\/revisions"}],"predecessor-version":[{"id":58633,"href":"https:\/\/kiiky.com\/wealth\/wp-json\/wp\/v2\/posts\/2231\/revisions\/58633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kiiky.com\/wealth\/wp-json\/wp\/v2\/media\/9260"}],"wp:attachment":[{"href":"https:\/\/kiiky.com\/wealth\/wp-json\/wp\/v2\/media?parent=2231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kiiky.com\/wealth\/wp-json\/wp\/v2\/categories?post=2231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kiiky.com\/wealth\/wp-json\/wp\/v2\/tags?post=2231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}