Final Project for NYU's Graduate course DSGA 1007
The question of what contributes to a billionaire's wealth is both complex and compelling. It reflects the interplay of various factors, from individual decisions to the broader economic environment. Our project aims to identify and understand these factors by examining the common attributes of billionaires. We're not focusing on wealth disparities across the entire economic spectrum; instead, we're zooming in on the uppermost tier of wealth to analyze what sets these individuals apart.
By identifying the features that correlate with higher wealth among billionaires, we hope to shed light on the pathways to extreme financial success. This could include industry participation, geographic location, and other socioeconomic indicators. Understanding these factors can provide valuable insights for aspiring entrepreneurs, investors, and policymakers interested in the dynamics at the pinnacle of economic achievement.
Our solutions are all included in final_project_goodgoodstudy.ipynb.
Dataset Source: Kaggle Billionaires Statistics Dataset (2023) [https://www.kaggle.com/datasets/nelgiriyewithana/billionaires-statistics-dataset/data]
This dataset contains statistics on the world's billionaires, including information about their businesses, industries, and personal details. It provides insights into the wealth distribution, business sectors, and demographics of billionaires worldwide.
- rank: The ranking of the billionaire in terms of wealth.
- finalWorth: The final net worth of the billionaire in U.S. dollars.
- category: The category or industry in which the billionaire's business operates.
- personName: The full name of the billionaire.
- age: The age of the billionaire.
- country: The country in which the billionaire resides.
- city: The city in which the billionaire resides.
- source: The source of the billionaire's wealth.
- industries: The industries associated with the billionaire's business interests.
- countryOfCitizenship: The country of citizenship of the billionaire.
- organization: The name of the organization or company associated with the billionaire.
- selfMade: Indicates whether the billionaire is self-made (True/False).
- status: "D" represents self-made billionaires (Founders/Entrepreneurs) and "U" indicates inherited or unearned wealth.
- gender: The gender of the billionaire.
- birthDate: The birthdate of the billionaire.
- lastName: The last name of the billionaire.
- firstName: The first name of the billionaire.
- title: The title or honorific of the billionaire.
- date: The date of data collection.
- state: The state in which the billionaire resides.
- residenceStateRegion: The region or state of residence of the billionaire.
- birthYear: The birth year of the billionaire.
- birthMonth: The birth month of the billionaire.
- birthDay: The birth day of the billionaire.
- cpi_country: Consumer Price Index (CPI) for the billionaire's country.
- cpi_change_country: CPI change for the billionaire's country.
- gdp_country: Gross Domestic Product (GDP) for the billionaire's country.
- gross_tertiary_education_enrollment: Enrollment in tertiary education in the billionaire's country.
- gross_primary_education_enrollment_country: Enrollment in primary education in the billionaire's country.
- life_expectancy_country: Life expectancy in the billionaire's country.
- tax_revenue_country_country: Tax revenue in the billionaire's country.
- total_tax_rate_country: Total tax rate in the billionaire's country.
- population_country: Population of the billionaire's country.
- latitude_country: Latitude coordinate of the billionaire's country.
- longitude_country: Longitude coordinate of the billionaire's country.
Instructions on setting up this project locally.
To ensure you have all the necessary packages for running the notebooks in this project, we recommend setting up a Conda environment. Follow these steps:
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Create and Activate a Conda Environment: Use the following commands to create and activate a new Conda environment:
conda create -n your_env_name python=3.9.7 conda activate your_env_name
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pip install -r requirements.txt