Can mechanical engineering make you rich, you say? In this post we will go through and explain how mechanical engineers can not only make a substantial amount of money in their life, but change the world with life-changing solutions to life’s problems.

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Reading the Forbes 100 list, which states the top 100 wealthiest people in the world, surprisingly enough 25 of them did not possess degrees. I will leave you to make your own conclusions with that information, but out of the remaining 75 (wealthy) people who did possess degrees, the most popular course choice in college was engineering.

22 out of 75 people who did have degrees, had engineering degrees, which comes out as almost 30%! Also, four of the others were computer science graduates, which is known to be similar to software engineering in many ways.

So if we include the computer science graduates as well, almost 35% of the elite, wealthiest people in the world (who have degrees), have these degrees in either computer science or an engineering major.

What this shows is that mechanical engineers have a specific way of looking at the world and specific ways of solving problems that a lot of other people may be incapable of. They can solve issues in many ways, with many engineers utilizing software like AutoCAD, Revit, Inventor and Fusion 360 to aid the problem solving process.

How these people became so successful in their respective engineering fields is they created a solution to a problem, built a company around that and scaled it.

This is something that most people can’t do and it takes an engineering mind to be able to hone in on what truly is the challenge at hand. They then determine what industry this was in and scaled and grew the business.

Not everyone would be able to point this problem out and create a solution for it, be it a hardware or software solution.

They achieve this by critically thinking about the problem at hand, providing solutions in order to totally rid the world of that obstacle/issue.

How Can Mechanical Engineers Get Rich?

Nearly all mechanical engineers are known to make a decent salary in comparison to other professions. However, it is definitely also one of the courses that students take which can hone their ability to change the world on a big scale. Their skills for the real world can also be improved by taking online courses on platforms like LinkedIn Learning or edX, which offers courses and certifications in tech and business (among others) to be completed on their platform.

When a degree like mechanical engineering is combined with entrepreneurship, a new company can be formed in order to solve a certain issue in the world.

The point here is that it is very important to consider the business aspect of mechanical engineering. It is not only “Can Mechanical Engineering Make You Rich?”, it’s can mechanical engineering combined with business help you on your way to wealth!

An MBA (Master of Business Administration) could be a valuable asset for your career and would benefit you if you are considering starting a side hustle. This could consist of a software solution or developing a mobile application etc.

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The best path to take in order to change the world and maybe become super wealthy along the way is to help a big portion of people by solving a problem.

The wealth, power, prestige and financial success will come from that, but you have to focus first on how you can solve peoples problems! Think, how can you help? Not: can mechanical engineering make you rich?

A lot of people do overcome some challenges and obstacles, if you understand these problems enough to develop a solution you can solve these issues. Using a unique blend of entrepreneurship engineering you can truly change the world and create a career that not everyone can achieve.

The Richest Mechanical Engineers in the World

Charles Koch

Charles Koch, one half of the Koch brothers, has an estimated net worth $42.6 billion dollars. Charles is said to be the 11th richest billionaire in the world and the worlds 37th most powerful person, according to Forbes.

He has received two masters of science in Mechanical and Chemical Engineering from MIT. The Koch brothers (Charles and David) founded Koch Industries, a chemical and oil refining company where Charles is the CEO.

Koch Industries has around $110 billion in sales from chemicals, Dixie cups, pipelines, Stainmaster carpets and Brawny paper towels. Their father Fred Koch founded the original company, Rock Island Oil & Refining Company in 1940, which had the goal of improving the method of refining heavy oil into gasoline.

Both Koch brothers are also known for being well-known philanthropists, and both of them are also professional co-owners of the second greatest publicly traded company in the United States.

Viktor Vekselberg

Viktor Vekselberg has a reported net worth of $11.9 billion dollars. He obtained a degree in mechanical engineering from the Moscow State University of Railway Engineering.

He is a Ukranian-born aluminium baron that earned his first million from selling scrap copper extracted from worn-out cables.

Later in his life he bought out several medium-sized bauxite mines and aluminium smelters and merged them into Sual Holding in 1996.

11 years later he combined Sual Holding with a billionaire Oleg Deripaska’s Russian Aluminium to create UC Rusal.

German Khan

German Borisovich Khan has a net worth of $10.4 billion dollars, according to Forbes. He received his degree for mechanical engineering from the Moscow Institute of Steel and Alloys.

He is a Ukranian native and he controls LetterOne (Luxembourg) and the Alfa Group along with fellow billionaires Alexei Kuzmichev and Mikhail Fridman.

He is also the co-founder of Alfa Bank, the largest non-state owned bank in Russia.

Baba Kalyani

Baba Kalyani, Nilkanthrao Kalyani’s son, has a net worth estimated at $2.1 billion dollars. He obtained his mechanical engineering degree at the prestigious MIT (Massachusetts Institute of Technology).

He was also chairman of the Kalyani Group after his father died, and is also currently the head of Bharat Forge, which was founded in 1966.

Amit, his son, aids him in running this company which is the main company of the Kalyani Group which states its revenue is $3 billion, and is very well known for manufacturing automotive parts.

They also manufacture components for the aerospace, plus the oil and sectors.

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