The best way to earn billionaire status is to follow in Warren Buffett’s footsteps: 15% of billionaires derive net worth from the finance industry

Fortune•Monday, October 20, 2025 at 8:29:55 PM

A recent analysis reveals that 15% of billionaires have built their fortunes in the finance industry, highlighting the significant influence of financial strategies in wealth accumulation. With U.S. billionaires collectively worth around $7.6 trillion, this trend underscores the importance of following successful figures like Warren Buffett, whose investment principles continue to inspire many aspiring entrepreneurs. Understanding these dynamics can provide valuable insights for those looking to achieve similar financial success.

— Curated by the World Pulse Now AI Editorial System

Read Original

Was this article worth reading? Share it

Recommended Readings

Bloomberg2 hours ago

Metals Edge Higher as US-China Leaders Prepare for Trade Talks

PositiveFinancial Markets

Base metals are seeing a rise as the leaders of the US and China prepare for trade talks, signaling a potential easing of tensions between the two economic giants. This is significant because improved trade relations could benefit global markets and boost economic stability, making it a crucial development for investors and industries reliant on these metals.

Read full article

via Bloomberg

Investing.com4 hours ago

Australia mining stocks hit record highs after US critical minerals deal

PositiveFinancial Markets

Australia's mining stocks have reached record highs following a significant deal with the US focused on critical minerals. This agreement is crucial as it strengthens Australia's position in the global supply chain for essential resources, which are increasingly in demand for technology and renewable energy sectors. Investors are optimistic about the future of mining in Australia, seeing it as a key player in meeting global needs.

Read full article

via Investing.com

Investing.com5 hours ago

US, Australia to invest $2 billion in critical minerals, advance Alcoa gallium project

PositiveFinancial Markets

The US and Australia are set to invest $2 billion in critical minerals, which is a significant step towards enhancing their supply chains and reducing reliance on foreign sources. This investment will particularly advance the Alcoa gallium project, crucial for various high-tech applications. By focusing on these minerals, both countries aim to bolster their economies and ensure a sustainable future, making this collaboration not just beneficial for the present but also vital for technological advancements.

Read full article

via Investing.com

Investing.com5 hours ago

Factbox-US bets on Australian miners to break China’s grip on critical minerals supply

PositiveFinancial Markets

The U.S. is increasingly turning to Australian miners to secure a stable supply of critical minerals, aiming to reduce its dependence on China. This strategic move is significant as it not only strengthens economic ties between the U.S. and Australia but also enhances national security by diversifying supply chains. With the growing demand for these minerals in technology and renewable energy sectors, this partnership could play a crucial role in shaping the future of global trade and energy independence.

Read full article

via Investing.com

Investing.com5 hours ago

Argentina's central bank says it signed $20 billion currency swap deal with US

PositiveFinancial Markets

Argentina's central bank has announced a significant $20 billion currency swap deal with the United States, a move that is expected to bolster the country's foreign reserves and stabilize its economy. This agreement is crucial as it provides Argentina with much-needed liquidity and confidence in its financial system, especially amid ongoing economic challenges. The deal highlights the strengthening ties between Argentina and the US, which could lead to further economic cooperation in the future.

Read full article

via Investing.com

Bloomberg6 hours ago

Oil Steady as Traders Focus on Surplus and US-China Trade Talks

NeutralFinancial Markets

Oil prices remained steady as traders assessed the growing surplus in the market while anticipating upcoming trade talks between the US and China. This situation is significant as it reflects the ongoing dynamics in global trade and its potential impact on oil demand and pricing.

Read full article

via Bloomberg

Bloomberg7 hours ago

Australia Trumps US to Become New Zealand’s No.2 Export Market

PositiveFinancial Markets

Australia has recently surpassed the United States to become New Zealand's second-largest export market, highlighting a significant shift in trade dynamics. This change is particularly important as it reflects the impact of U.S. tariff policies and ongoing economic uncertainties. Strengthening trade ties with Australia could provide New Zealand with more stability and opportunities for growth in the face of global challenges.

Read full article

via Bloomberg

BBC News7 hours ago

I finished building my house just before new tariffs hit

NegativeFinancial Markets

The recent announcement of new tariffs on furniture and lumber is raising concerns about the US housing market, which is already facing challenges. These tariffs could lead to increased prices for essential building materials, making it even harder for potential homeowners to afford new houses. This situation is particularly pressing for those who have just completed their homes, as they may now face higher costs for furnishing and maintaining their properties.

Read full article

via BBC News

Latest from Financial Markets

Financial Timesan hour ago

Japan stocks surge as Sanae Takaichi becomes prime minister

PositiveFinancial Markets

Japan's stock market is experiencing a significant surge following the appointment of Sanae Takaichi as prime minister. This rise, often referred to as the 'Takaichi trade,' signals a wave of optimism among investors who believe that the ruling coalition will prioritize increased defense spending and implement tax cuts. Such economic policies could potentially stimulate growth and enhance Japan's global standing, making this a pivotal moment for the country's financial landscape.

Read full article

via Financial Times

Investing.coman hour ago

Morning Bid: Markets brush off worries, risk rally rages on

PositiveFinancial Markets

Despite ongoing concerns, markets are experiencing a significant rally as investors remain optimistic about economic recovery. This surge is important as it reflects confidence in the financial system and could lead to increased investments and spending, ultimately benefiting the broader economy.

Read full article

via Investing.com

Bloombergan hour ago

Trump Makes Rare Earths Deal with Australia

PositiveFinancial Markets

President Trump has signed a significant agreement with Australian Prime Minister Anthony Albanese to enhance U.S. access to rare earths and critical minerals. This deal is crucial as it strengthens the U.S.-Australia partnership and addresses the growing demand for these essential resources, which are vital for technology and defense industries. Experts like Hayley Channer from Sydney University highlight the positive implications for economic security and trade relations.

Read full article

via Bloomberg

Investing.coman hour ago

Japan stocks hit record highs, yen dips ahead of Takaichi PM vote

PositiveFinancial Markets

Japan's stock market has reached record highs, reflecting strong investor confidence and economic optimism. This surge comes as the yen experiences a dip, which could influence the upcoming vote for Takaichi as Prime Minister. The performance of the stock market is crucial as it indicates the overall health of the economy and can impact future policies. Investors are closely watching these developments, as they could shape Japan's financial landscape in the coming months.

Read full article

via Investing.com

Bloombergan hour ago

India’s Reliance Grabs Mideast Oil as Russian Flows Scrutinized

PositiveFinancial Markets

Reliance Industries Ltd. from India has made a strategic move by purchasing Middle Eastern crude oil, indicating a shift in procurement patterns influenced by Western scrutiny of Russian oil flows. This development is significant as it highlights how geopolitical pressures can reshape energy markets, potentially benefiting Reliance and diversifying its supply sources.

Read full article

via Bloomberg

Bloombergan hour ago

Trump’s Hand With China Is Improving, But Enough?

PositiveFinancial Markets

Recent developments suggest that Donald Trump's position in negotiations with China is strengthening, particularly ahead of an upcoming summit with Xi Jinping. This improvement in leverage could lead to more favorable outcomes for the U.S. in trade discussions, which is significant given the ongoing economic tensions between the two nations.

Read full article

via Bloomberg