What is the richest business to start?

Author: Prof. Moriah Kautzer  |  Last update: Thursday, September 4, 2025

Finance, law, real estate, health care, and software development are among the most profitable industries in the US. If you're looking to make as much money as possible, consider starting a legal services business, a brokerage, a health care company, or a software-based venture like a virtual assistant business.

Which business is best to become rich?

What is the most successful small business?

What is the hottest business right now?

What is the most rare business?

Get RICH in Your 20’s: DON’T Start a Business

What type of business makes a lot of money?

Finance, law, real estate, health care, and software development are among the most profitable industries in the US. If you're looking to make as much money as possible, consider starting a legal services business, a brokerage, a health care company, or a software-based venture like a virtual assistant business.

Are most millionaires small business owners?

According to 2022 data, a staggering 88 percent of millionaires are business owners, and there's little reason to believe that percentage has shifted much today. This statistic highlights a powerful truth: business ownership remains one of the most viable paths to achieving millionaire status.

What industry makes the most money?

1. Banks (Money Center) The banking industry (money center) ranks first on our list of the most profitable industries in the United States in 2024.

What business are most millionaires in?

1. Financial Services. The financial services sector has produced more millionaires than any other industry, according to the Wealth Report.

What is the fastest way to be rich?

Which business is best for daily income?

What business do most billionaires own?

427 billionaires amassed their fortunes in the finance sector, making it the industry that yields the most billionaires, followed by technology, manufacturing, retail, and food and beverage, according to Forbes.

Which business has most money?

Can small business make you rich?

The bottom line is that while business ownership comes with its risks and challenges, the potential rewards are unmatched. The control over your financial future, the unlimited earning potential, and the ability to build substantial asset value make it a uniquely powerful strategy for wealth creation.

Do millionaires have a lot of cash?

According to CNBC's Millionaire Survey , that portion was about 24% in 2023. While this doesn't necessarily mean a quarter of a millionaire's wealth is sitting in a checking account, it does indicate the importance of maintaining liquid assets.

Are most millionaires born or made?

Millionaires Are Made, Not Born

Despite what society might believe, only a small number of wealthy people inherited their money. The overwhelming majority (79%) of millionaires in the U.S. did not receive any inheritance at all from their parents or other family members.

What is the fastest business to start?

What type of shop is most profitable?

What business makes the most cash?

Real Estate Investments

Real estate investments always top the list of cash flow business ideas. The best cash flow investments generate far more income than is spent on upkeep and operation. With real estate investments, cash flow relates to: Money generated by the property, such as rental income.

What is the most riskiest business?

What is the single most costly item for most businesses?

Labor costs reported as the single most important problem for business owners was unchanged from November at 11 percent, only 2 points below the highest reading of 13 percent reached in December 2021.