Which Colleges Have Produced the Most Billionaires
A list of the schools that produce the most billionaires among their graduates has been published. These colleges boast graduates ranging from Mark Zuckerberg and Larry Page to Elon Musk and Marc Benioff. What kind of schools are these, writes Yahoo! Finance with reference to Fortune.
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College has long been considered a guaranteed path to success. But with the cost of education rising and fewer white-collar jobs available, young professionals are looking elsewhere. More and more Gen Zers are turning to blue-collar jobs as a way to earn six figures without racking up student debt. Still, some degrees actually pay off handsomely over time.
A new report from Class Central found that Harvard University boasts the most billionaires, with 144 people. The average wealth of Harvard billionaire alumni is $9,65 billion, with its richest alumnus, Mark Zuckerberg, topping the list with $236 billion. True, the Meta CEO dropped out of college in his sophomore year to focus on building Facebook into the social media empire it is today. But Zuckerberg couldn’t have done it without the four co-founders he met at Harvard.
On the subject: Renowned US colleges, including MIT, offer free tuition
It is one of the most expensive universities in America: tuition without financial aid can cost students $82 per year, which is more than $000 for a four-year course.
However, even those who don't become billionaires after Harvard benefit from their investment—the average salary of a graduate ten years after graduating from the world-famous college is $95. By comparison, the average salary of an employee in the U.S. with ten years of work experience is estimated at about $114.
But billionaires aren't just born in the Ivy League: public schools like the University of California also make the top 10. Another of the state's elite colleges is the University of Southern California, where George Lucas discovered his talent for filmmaking.
"This study highlights the strong link between prestigious educational institutions and wealth creation," said Class Central founder and CEO Dhaval Shah in the study.
While these universities don't guarantee ten-figure fortunes, they do bring together the brightest minds (and deepest pockets) from around the world.
Having knowledgeable mentors, resources, insider information and exclusive connections certainly increases the likelihood of brilliant financial success.
Example: Sergey Brin and Larry Page met at Stanford University and went on to found Google, which has a market cap of $2 trillion. Peter Thiel, Elon Musk, and Max Levchin met at the University of Pennsylvania and founded PayPal, which has a market cap of $89 billion.
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Top-10 American colleges by number of billionaires
- Harvard University: 144 billionaires
Average net worth of billionaire alumni: $9,65 billion
• Notable figures: Meta CEO Mark Zuckerberg, Bitcoin investors Cameron and Tyler Winklevoss, former Goldman Sachs CEO Lloyd Blankfein - Stanford University: 94 billionaires
Average net worth of billionaire alumni: $11,76 billion
• Notable figures: Google co-founder Larry Page, Robinhood CEO Vlad Tenev, Yahoo co-founder Jerry Yang - University of Pennsylvania: 56 billionaires
Average net worth of billionaire alumni: $12,36 billion
• Notable figures: Tesla CEO Elon Musk, venture capitalist Gary Lauder, philanthropist and entrepreneur Laurene Powell Jobs, US President Donald Trump - University of California: 51 billionaire
Average net worth of billionaire alumni: $8,06 billion
• Notables: Softbank CEO Masayoshi Son, Intel co-founder Gordon Moore, DoorDash CEO Tony Hsu - Columbia University: 41 billionaire
Average net worth of billionaire alumni: $11,35 billion
• Notable figures: hedge fund magnate Warren Buffett, New England Patriots CEO Robert Kraft, Altair CEO Jim Scapa - Massachusetts Institute of Technology (MIT): 38 billionaires
Average net worth of billionaire alumni: $7,29 billion
• Notables: Koch Industries co-CEO Charles Koch, Dropbox co-founder and CEO Drew Houston, FTX founder Sam Bankman-Fried - Yale university: 25 billionaires
Average net worth of billionaire alumni: $8,11 billion
• Notables: Blackstone CEO Stephen Schwarzman, Brooklyn Nets owner Joe Tsai, oil heirs Lee, Edward, Robert and Sid Bass - Cornell University: 24 billionaires
Average net worth of billionaire alumni: $4,64 billion
• Notables: Software entrepreneur David Duffield, former Citigroup CEO Sandy Weill, duty-free retail magnate Chuck Feeney - University of Southern California: 23 billionaires
Average net worth of billionaire alumni: $6,46 billion
• Notable figures: Energy company CEO Sarath Ratanawadi, Salesforce CEO Marc Benioff, Star Wars creator George Lucas - New York University: 22 billionaires
Average net worth of billionaire alumni: $7,12 billion
• Notable figures: Interactive Brokers Chairman Thomas Peterffy, entrepreneur Leonard Stern, Millennial Management founder Israel Englander
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