You want to be the first trillionaire? Here are 3 industries that will produce the first trillionaire. Never has the world seen a trillionaire before and it will be awesome to have one.
A billion dollars is pretty cool but you know what is even cooler? A trillion dollars.
To paint a better picture of what a trillion figure looks like, take a look at this: 1,000,000,000,000. That is a big, big number. But apart from ancient net worth predictions of kings and emperors, there has never been a trillionaire in this world.
Few people got close to becoming trillionaire such as John D. Rockefeller who was accounted for to be worth over $500 billion when adjusted for the present day inflation.
For instance, the world’s wealthiest man, Bill Gates, is worth just $78 billion. I used the word ‘just’, because $78 billion is obviously still such a little division of a trillion dollars.
In order to reach a trillion dollars currently, the net worth of the top 37 richest people on earth needs to be combined.
So, you want to be the first trillionaire?
Let’s look at how possible this can become.
To begin with, the most imperative part, is the business and that is what we are looking at. Softwares, PCs, and estate are with high level of competition and even the predominant players don’t have trillion dollar valuations.
To get through and turn into a trillionaire, you should start with an industry that is undiscovered, completely open, and simply sitting tight for a prevailing player to develop.
Below are three industries that could create the first trillionaire in the world.
Trillion Dollar Industry 1: Energy
Energy is an entirely critical part of our lives here in this planet. This whole industry is worth $2 trillion dollars internationally and is as of now seeing gigantic disruption from alternative energy, for example, wind and solar.
However, this disruption still has far to go and the larger part of energy still originates from traditional energy sources, in particular oil.
The effect these traditional sources of energy have on the atmosphere has triggered the quest to manufacture alternative energy sources that are more financially friendly and less ecologically destructive. This industry, no doubt, can produce the first trillionaire in the world.
Trillion Dollar Industry 2: Longevity
41 years was the average life expectancy in the late 1800’s. Today, that has changed, life expectancy is more than 80 years now. Some people believe that in the future, there is the possibility for man to live forever.
Though, in respect to longevity, there is still a long way to go before this can be achieved however, some billionaires are already throwing their money into it and there are records of progress being made.
For instance, Google has thrown in over a billion dollars into their firm Calico, and Peter Thiel described it as a ‘fight against death’. During an interview, Thiel said,
“You can accept it, you can deny it or you can fight it. I think our society is dominated by people who are into denial or accpetance, and I prefer to fight it.”
The battle to fight against death is currently going on and there are companies that are launching with the goal of searching for the way out. There are venture capital funds being formed only for the purpose of longevity, and prominent researchers and scientists are quitting their government jobs to join private companies for this same purpose.
While it is unclear the kind of impact living forever would have, it is quite clear that the industry can produce the first trillionaire in the world if achieved.
Trillion Dollar Industry 3: Space
The space race is just barely starting as some of the world’s most extremely rich people battle it out to be the first to overwhelm the business space industry.
Elon Musk, Jeff Bezos, and Richard Branson all have space organizations with the intense mission to pioneer the space business for the sole purpose of making profit.
The reality on ground in respect to space business is not all about the travel or tourism. There is more to it. Companies are on the plan to colonize mars, mine asteroids and design weapons that can be used in the space.
An astrophysicist Neil deGrasse Tyson, during an interview, stated that
“The first trillionaire there will ever be is the person who exploits the natural resources on asteroids. There’s this vast universe of limitless energy and limitless resources. I look at wars fought over access to resources. That could be a thing o the past, once space becomes our backyard.”
Previously, the space industry was dominated by the government, but private firms have taken up the challenge too and are becoming leaders in this field.