Economics was the most common major of the 100 wealthiest billionaires, Match . All Rights Reserved, Which Universities Have the Most Billionaire and Millionaire Alumni? as well as other partner offers and accept our. US Colleges With Highest Proportion of Self-Made Millionaire Alumni })(); In addition, 79% of U-Chicago's UHNW alumni are from the US, while only 21% come from abroad. Approx. Together they are worth some $45 billion. Keep reading to find out which American universities can count the most self-made millionaires among their UHNW alumni. While other universities in the list have remained relatively constant in the percentage of centi-millionaires they produce, Stanford's percentage has risen compared to a decade ago, Amoils said. }, mpsopts = { However, 89% of Yale's UHNW population are from the US, while only 11% come from abroad. 2 on the list of institutions with the highest percentage of international UHNW alumni, with 34% of their UHNW alumni originating from abroad. // And these numbers don't include either Microsoft's Bill Gates or Facebook's Mark Zuckerberg both of whom attended Harvard but didn't stay to get their degree. A few more insights from the Wealth-X report: Stanford UHNW alumni have the highest average net worth of $263 million; Harvard has the most living billionaire alumni with 131 - a combined fortune . if (window.top !== window.self) { The Top 100 Digital News Outlets and Their Ownership, The Most-Searched Tourist Destination in Every State in 2018, 100 TV Shows, Ranked by Their Final Episode, 50 Cognitive Biases to be Aware of so You Can be the Very Best Version of You, Jobs Reachable by Number of Minutes in 49 U.S. Metropolitan Areas, U.S. Nor is ita guaranteed ticket onto the list. What is the average net worth of Harvard graduates? }); Wealth-X, a firm that does research and valuations on ultra-high net worth (UHNW) individuals, recently revealed where the world's wealthiest people those with assets exceeding $30 million went to college. mps.scodePath="//fm.cnbc.com/applications/cnbc.com/staticcontent/scripts/omniture/s_code.js?v=1.6.4.1"; ), Boston University has 1,640 UHNW alumni, with only 55% being deemed "self-made.". var dynamic_yield_enabled = 1 console.log('PUB-GDPR-CHECK'); In terms of combined net worth from alumni worth more than $30 million, Harvard takes the cake with $4.769 trillion between the 13,650 alumni that fit into this category. 5. I ran the club like a business, and turned it into the largest organization on campus, he says. (function() { if (!mps._ext || !mps._ext.loaded) { University of California, Berkeley has 2,385 UHNW alumni, with 76% of those individuals being deemed "self-made.". Sallie Krawcheck, former CEO of Citi Global Wealth Management, and New England Patriots owner Robert Kraft also attended. 'is_content' : '1' , All Rights Reserved. By clicking Sign up, you agree to receive marketing emails from Insider At the top of the list is Harvard, which has more alumni on The Forbes 400 than any other university with 15. size of each undergraduate class: 1,789. Harvard is the only top 12 school with multiple dropouts (4) on The Forbes 400. Got a confidential news tip? var mps = mps || {}; 'cag[related_related]' : 'Education and You' , Legendary actress and recipient of the Presidential Medal of Freedom Meryl Streep earned a Master of Fine Arts from the Yale School of Drama in 1975. as well as other partner offers and accept our, Loop Images/Universal Images Group via Getty Images, Education Images/Universal Images Group via Getty Images. const ONE_TRUST_COOKIE_NAME = 'OptanonConsent'; after 10 years. 87% of UT-Austin's UHNW alumni are from the US, while only 13% come from abroad. The University of Chicago has 2,405 UHNW alumni, with 84% of their UHNW alumni deemed to be "self-made." '); Accurate, reliable salary and compensation comparisons for United States document.getElementsByTagName('meta')['tp:PreferredRuntimes'].setAttribute("content", "flash,html5"); Massachusetts Institute of Technology has 2,785 UHNW alumni, with 78% of them being considered "self-made.". I was in a freshman dorm with Jerry Yang, the founder of Yahoo, and several others who have gone on to be prominent venture capitalists, says Overdeck, whoForbesestimates is worth $6.5 billion. How many Harvard graduates are millionaires? (2023) !e;this.xhrGuids&&!this.xhrGuids[n]&&(this.xhrGuids[n]=!0,this.totalCbs+=1)}),f.on("xhr-load-removed",function(t,e){var n=""+p(t)+! var mpscall = { Cornell's list of prominent alumni include Bill Nye, the host of "Bill Nye the Science Guy," which aired between 1993 to 1998. Harvard Business School researchers Grant E. Donnelly and Michael Norton penned their answer in the Wall Street Journal. mps._queue.adview = mps._queue.adview || []; Langer received his undergraduate degree from the same engineering school as Steve Conine and Niraj Shah, cofounders ofonline home goods retailer Wayfair, and David Duffield, Cornells wealthiest alum and the cofounder of enterprise software companies PeopleSoft and Workday. Perhaps the most well known alum: FedEx founder Fred Smith, who came up with the idea for his company while writing a term paper at Yale. The vibe was one of opportunity, and when I ultimately cofounded a company at 31, I felt like a little bit of a late bloomer.. Two public universities the University of Michigan and the University of California at Berkeley are also among the top 12 schools for Forbes 400 members. isEEARegionCheck(); While more than one-fourth of Forbes 400 members attended just a dozen schools, just under 70% attended more than 140 other schools as undergrads. mps._queue.adclone = mps._queue.adclone || []; Check out the schools with the most millionaire and billionaire alumni in the chart below: A few more insights from the Wealth-X report: Get the inside scoop on todays biggest stories in business, from Wall Street to Silicon Valley delivered daily. The report analyzed the Wealth-X database of the world's wealthiest people and used Wealth-X's Wealth and Investable Assets Model to estimate the number of UHNW alumni and their fortunes. Columbia is one of just 12 schools that together can claim more than a quarter of this years Forbes 400 as alumni 112 list members, to be exact. s.src = "https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/03/28/VisitorAPI.js"; size of each undergraduate class: 1,984. Access your favorite topics in a personalized feed while you're on the go. if (!oneTrustCookie) return true; 'cag[type_creator]' : 'Paul O'Donnell' , var slotid = "mps-getad-" + adunit.replace(/\W/g, ""); Most of Stanfords ten other billionaires on The Forbes 400 also founded or cofounded tech companies (Snapchats Evan Spiegel and Bobby Murphy) or invest in them (venture capitalist Jim Breyer of Breyer Capital). Being successful financially does not always correlate with academic background brilliantly successful visionaries like Steve Jobs, Bill Gates, and Mark Zuckerberg found success without a college degree, let alone one from a prestigious university. Clearly, graduating from a top 12 school isnt a requirement for admission to The Forbes 400. } Bhatts cofounder and Stanford classmate Vlad Tenev just barely missed the lists $2.9 billion cutoff, but is also a billionaire. Some quick math, Friedman pointed out, provides a little balm for those suffering from elite education envy. University of Miami has 1,410 UHNW alumni, with 70% being deemed "self-made.". 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Get to know tips and creative ways to live better on less. Eight US universities produced 35% of the country's centi-millionaires, a new wealth report shows. He graduated UPenn in the 1990s with a degree in economics. However, USC ranks No. The report concluded that, globally, the US tops the list of nations with the most universities producing UHNW graduates. let cStart = document.cookie.indexOf(`${name}=`); This percentage ties University of Virginia with University of Chicago as the institution with the highest percentage of self-made UHNW alumni. for (var i in mps.response.dart.adunits) { The 1986 graduate was worth $122 billion and the third-richest person in the world as of February 17, per the Bloomberg Billionaires Index. mps.cloneAd = function() { return false; } He was the fifth-wealthiest person in the world, with a net worth of $108 billion as of February 2017, per the Bloomberg Billionaires Index. }); PayPal cofounder Peter Thiel, who runs venture capital firm Founders Fund, has done both. } Alice Schwartz, one of just a few self-made women on the Forbes 400, met her late husband David at Berkeley. Other notable alumni include former President Bill Clinton and 2016 Democratic nominee Hillary Clinton, who met while studying in Yale Law and graduated together in 1973. (STAN HONDA/AFP via Getty Images) AFP via Getty Images. A Division of NBCUniversal. What is the difference between capital formation and investment? I left Hungary as a minor (going legally under the curtain so to speak), was working like an adult programmer in Denmark for a year, and then became a poor student at Berkeley all within 15 months,recalls Simonyi. Your question is ambiguous. })(); console.log('PUB-GDPR-CHECK oneTrustCookie matches: ', matches); Sign up for free newsletters and get more CNBC delivered to your inbox. The University of Pennsylvania is a private Ivy League research university in Philadelphia that has produced the third-most billionaire alumni, at 64. 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