You can become a millionaire in a number of ways. The easiest is to inherit the money or have it gifted. Other millionaires make their money through hard work, ingenuity and sometimes a little luck. Entrepreneurs can become millionaires by building a business. A number of professional careers allow practitioners to become millionaires through a combination of salaries and bonuses. You need to work hard at these careers to reach millionaire status, but depending on your chosen path, you might just arrive at your goal.
Not all lawyers become millionaires, but if you become a lawyer and specialize in a particular field of law, you can become wealthy. Lawyers specializing in tort actions can make millions of dollars when bringing class action lawsuits. Tort actions are not criminal cases; they involve damages that cause harm to persons or property. A class action is one brought on behalf of a number of clients against the same person or organization. A class action suit against a tobacco company is one example. Lawyers typically receive a portion of the millions of dollars awarded when they win these cases. Trial lawyers can also become millionaires. A famous trial lawyer in recent years was the late Johnnie Cochran, who successfully defended O.J. Simpson in his murder trial. Lawyers specializing in corporate law can also become millionaires.
Those who wish to change their appearance or look younger often choose elective cosmetic surgery procedures. Facelifts and breast augmentation procedures are very common and no longer the exclusive preserve of wealthy celebrities. People all over the world are electing to undergo cosmetic procedures. In the United States, average salaries for cosmetic surgeons range from $200,000 to $800,000, depending on experience.
Banking and Finance
Investment bankers make money based on the performance of the banks that employ them. Some investment bankers earn more than a million dollars in a single year from bonus payments alone. In 2008, the JP Morgan investment house paid more than a thousand employees a bonus of more than one million dollars each. 2008 bonus figures were low because of the financial crisis that led to a lack of available credit for investment late that year, but bonus payments for 2009 increased, with Goldman Sachs paying record bonuses to staff.
Sports and The Arts
If you have a talent in a particular field of the arts, such as acting or writing, you could make millions from pursuing this craft professionally. Top film actors make millions of dollars from appearing in a single movie, while authors with best sellers have done the same, including J.K. Rowling, writer of the "Harry Potter" novels; Stephenie Meyer, author of the "Twilight" novels; and legal thriller author John Grisham. However, while top sports stars and artists make millions of dollars each year, it takes dedication to your craft and a lot of hard work to make it to the top, and even if you have the talent and put in the work, you still might not achieve the recognition that will bring you the riches you desire.
- The Times Online: 1000 Millionaire Lawyers
- Health Care Training Center: Plastic Surgeon Job Description
- Bloomberg: Investment Bank Bonuses To Climb in 2009
- Financial Careers: You Are Most Likely To Become A Millionaire At JP Morgan
- Sports Illustrated: Ranking The 50 Highest Earning Athletes In The U.S.
- Forbes: The Highest Paid Authors