The Schools Most Likely to Produce Rich People

US dominates the list
By Kevin Spak,  Newser Staff
Posted Mar 3, 2013 11:54 AM CST
The Schools Most Likely to Produce Rich People
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. (Read more billionaires stories.)

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