The Schools Most Likely to Produce Rich People
US dominates the list
By Kevin Spak, Newser User
Posted Mar 3, 2013 11:54 AM CST
Students walk through the Harvard Law School area on the campus of Harvard University in Cambridge, Mass., in this Nov. 19, 2002 file photo.   (AP Photo/Chitose Suzuki, file)

(Newser) – Most of the world's richest people have something in common: They went to school in the US. Wealth-X has compiled a report on which universities worldwide boast the most "ultra high net worth" alumni—defined here as those with $30 million or more—and US universities dominate the list. You will probably not be surprised to learn that Harvard tops the list, with almost twice as many millionaire graduates as the next highest school (the University of Pennsylvania). Here's the top 10:

  1. Harvard University—2,964
  2. University of Pennsylvania—1,502
  3. Stanford University—1,173
  4. Columbia University—889
  5. New York University—828
  6. University of Chicago—658
  7. Massachusetts Institute of Technology—581
  8. Yale University—568
  9. Cornell University—528
  10. Princeton University—508

Only three schools from outside the US made the top 20. Another big loser: women. Almost all the "UHNW" individuals counted were men, with Northwestern having the greatest percentage of women with 15%. The Atlantic also points out that California schools did very well for themselves—apparently being close to Hollywood and Silicon Valley helps. Most of the UHNWs are classified as "self made," though almost a quarter of Brown and Cornell's entries got their money exclusively through inheritance.

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Showing 3 of 24 comments
Mar 4, 2013 3:55 PM CST
Obvious article is obvious. I'd rather see a list of wealthy people by school, who did not start out wealthy when they enrolled. If the Fortune 500 sent all their kids to Arizona State, then ASU would suddenly become the leader on this silly list.
Mar 4, 2013 10:53 AM CST
Starting salaries for graduates of these schools depends on your social class. If you are from an upper class family, you make thousands of dollars more per year right out of the gate than someone from a non-upper class family. So, even if you 'merit' your Ivy League education, you don't 'merit' the same pay as someone with blue blood.
Mar 4, 2013 4:18 AM CST
Ahh, the myth of the self made capitalist. These people made it because their parents were able to take their ill gained wealth and keep the blue-blood system intack. All the wealty got their money off the backs of the working poor. The goverment should just take their money and give it to all the poor working class. After all the wealthy didn't earn it. It isn't like someone in the family came up with a good idea and followed through with that idea.