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How long it would take you to become a billionaire depending on your job

Home> News> UK News

Updated 11:04 20 Sep 2023 GMT+1Published 10:58 20 Sep 2023 GMT+1

How long it would take you to become a billionaire depending on your job

The figures are beyond startling

Rhiannon Ingle

Rhiannon Ingle

If you've ever dreamed of being a high-roller with multiple mansions, super yachts and even a private island - you may be keen to know just how long it would take you to become a billionaire depending on your job.

While many of us are not in fact billionaires, especially in this cost-of-living crisis, it hasn't stopped us from dreaming of a future where we don't have to scrimp, save and cut back on so-called luxuries like avocado toast and a Netflix account.

In a society where the richest 1 per cent have bagged nearly twice as much wealth as the rest of the world put together over the past two years - it's no wonder why we're all so hellbent on imagining what life would be like with the pockets of Mark Zuckerberg, Jezz Bezos and Bill Gates.

How many years would it take people to become billionaires based on your job's salary.
Photography taken by Mario Gutiérrez / Getty Images

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Now, the average salary in the UK currently stands at £27,756.

This means that even if you were to save 100 per cent of your paycheque, it would still take you over 36,000 years to earn one billion pounds.

Disheartening - I know.

While these figures obviously vary by industry, experts at Genting Casino have carried out a fascinating study to find out just how long it would take the average Brit to become a billionaire across a range of different industries.

On the higher salary side of the scale is those employed in the 'electricity, gas, steam, and air conditioning supply industry' who earn on average £44,303 per year.

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It could take a teacher 36,131 years of working to become a billionaire.
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It would take such individuals a staggering 22,572 years to hit the massive financial milestone.

And it only gets worse from there.

For those who work in construction, at £33,543 per annum, it would take you a monumental 29,812 years to hit billionaire status.

Any teachers out there or those who work in education have an average salary of £27,677, meaning it wouldn't be for another 36,131 years until you reached the target.

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Oh, and any artists or those who work in the arts, entertainment and recreation sector can brace themselves as, with a salary of £22,254, they would have to graft for a mammoth 44,936 years before they could join the billionaire club.

And, last on the list, which ranks a whole bunch of common professions, are those employed in the 'activities of households as employers' sector which includes cleaners, cooks and gardeners.

Cleaners, cooks and gardeners would have to work for a staggering 125,597 years to earn one billion quid.
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Such individuals would have to work for a staggering 125,597 years to earn one billion quid.

BRB - I'm just going to go cry in the corner.

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While the figures may be shocking to some, they also reinforce the enormity of just how much money £1 billion is - especially when compared against average industry salaries.

It underscores the point that, while salaries can provide a comfortable living and even substantial savings, accumulation of wealth in the billions typically relies on strategies far beyond regular salaried income.

Featured Image Credit: Getty Stock Image

Topics: UK News, Money, Jobs, Business

Rhiannon Ingle
Rhiannon Ingle

Rhiannon Ingle is a Senior Journalist at Tyla, specialising in TV, film, travel, and culture. A graduate of the University of Manchester with a degree in English Literature, she honed her editorial skills as the Lifestyle Editor of The Mancunian, the UK’s largest student newspaper. With a keen eye for storytelling, Rhiannon brings fresh perspectives to her writing, blending critical insight with an engaging style. Her work captures the intersection of entertainment and real-world experiences.

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