CHOOSING a baby name can be really difficult but if you want them to become billionaires one day, you may want to pay attention.

A new study by online marketplace HushHush.com has revealed the top names that are most common among the UK's richest people.

If you want to set up your child for success then these boys and girls names could be the ones for you.

The marketplace used its internal data, as well as online information such as The Sunday Times Rich List to uncover the top 10 names for boys and girls.

Edward, William, Alice and Kate topped the charts earlier this year for the names most likely to become billionaires later on in life.

This year, the top boys name is Billy, while for girls it's Eleanor.

Top billionaire boys names:

  1. Billy
  2. Max
  3. Felix
  4. Alexander
  5. James

Top billionaire girls names:

  1. Eleanor
  2. Ottilie
  3. Sophia
  4. Isabella
  5. Eve

Aaron Harpin, founder of HushHush.com, said: “Earlier this year we revealed the top millionaire-making baby names for expecting parents and after such a positive response back, we wanted to make a list that takes it one step further, billionaire baby names.

“Picking a name for your child is a hard decision for any parent.

"Ultimately this name is with them for life – the first thing people know about them, judge them on and will affect their future! As a parent you want to give your child the best life possible, and wealth is a factor which comes into that. We hope this list will give mums and dads-to-be some inspiration for names, which can also set their children up for the best life possible, becoming a billionaire.”