The number of millionaires and billionaires in the world continues to grow as more than 2,000 people made it onto this years Forbes Billionaires list.
But going from millionaire to billionaire is a big jump. How long does it take to make the leap?
Facebook co-founder and CEO Mark Zuckerberg made the leap from millionaire to billionaire in just one year, according to the sportsbetting blog Betway Insider in a study that analyzed the top 100 richest people on Forbes 2018 billionaires list.
But for the other billionaires in the top 100 it took them an average of 14 years to make that jump, the study found.
The study estimates that the average age that the top 100 richest people hit the first million mark was 37 and the average age they earned their first billion and appeared on Forbes billionaires list was 51.
The industry producing the fastest jumps from millionaire to billionaire is technology, “where it takes on average 7 years to make the leap and is the industry featured the most in the top 100,”said Betway Insiders head of public relations Alan Alger.
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It took tech executives like Amazons Jeff Bezos two years to make the jump and Microsofts Bill Gates five years. In contrast, the study puts famed investor Warren Buffetts road to becoming a billionaire at 26 years.
In terms of education, the study found that the most common degree among the top 100 was engineering. Almost a third dont have a college degree, the study found.
Here are five key tips from people who became millionaires at a young age and people who have studied hundreds of self-made millionaires. Time