The 2,755 people in the Forbes 2021 Billionaire Rankings have graduated from universities around the world, from Al-Azhar University in Egypt to Zhejiang University of Technology in China. Hundreds of them never went to college, or left until they graduated, like Bill Gates and Mark Zuckerberg.
Among the billionaires who have completed their undergraduate studies, a few schools stand out. Harvard leads the way, with at least 29 billionaire alumni in the Forbes rankings (We found information on undergraduate education for a majority, but not all, of the rankings). Four other Ivy League universities are in the top 10. Nine of those ten institutions are located in the United States – MIT and a trio of California schools round out the list of American universities – although their alumni are of nationalities various, from Colombia to Ireland via the Philippines. The only non-American school? The University of Mumbai, an Indian public university which is one of the largest universities in the world in terms of enrollment. Seoul National University in South Korea and Tsinghua University in China were not selected.
Here are the ten universities with the most billionaire alumni, according to education data collected by Forbes; net values were calculated as of March 5, 2021.
# 1 – Harvard University
Lieu : Cambridge, Massachusetts
Total net worth: $ 207 billion
Harvard Court has hosted the most billionaire graduates of any school. Of his 29 billionaires, 17 have made their fortunes in the finance and investment industry, including the three newcomers from college to the world’s billionaire rankings: Bitcoin twins Cameron and Tyler Winklevoss, and the former CEO of Goldman Sachs, Lloyd Blankfein. But the two richest former undergraduates at Harvard come from other sectors. Los Angeles Clippers owner Steve Ballmer’s $ 68.7 billion fortune comes from his stint as Microsoft, while Brazilian investment banker Jorge Paulo Lemann owes his $ 16.9 billion fortune to smart transactions in the food and beverage industry. His company’s portfolio includes stakes in Anheuser-Busch InBev and Kraft Heinz.
# 2 (tied): University of Pennsylvania
Total net worth: $ 284.8 billion
More than half of Pennsylvania’s billionaires received their undergraduate degrees from the famed Wharton School. The Philadelphia institution has served as a launching pad for two of today’s best-known billionaires: former President Donald Trump and Elon Musk, whose stakes in Tesla and SpaceX have taken him to No. 2. place in the ranking of global billionaires. The two new billionaires at the university this year are Lance Gokongwei, CEO of the Philippine conglomerate JG Summit, and Gary Lauder, a venture capitalist, whose fortune comes from the cosmetics empire Estée Lauder, founded by his grandmother. Philanthropist Laurene Powell Jobs, who graduated in 1985, is expected to speak at the university’s graduation ceremony in May.
# 2 (tied) | Stanford University
Location: Stanford, California
Total net worth: $ 124.4 billion
A true breeding ground for start-ups, Stanford is the nurturing mother of more new billionaires this year than any other school. The eight newcomers to the school are the founders of Carvana, DoorDash, Nubank, Robinhood, and Zillow – all tech companies to varying degrees. Among them are Colombian David Velez, who made Nubank the world’s most valuable digital bank, as well as Bulgaria-born Baiju Bhatt and Vlad Tenev, whose commission-free exchange platform Robinhood was at the heart of the GameStop crisis in January and February. Another Stanford graduate, Jerry Yang, co-founder of Yahoo, has been elected to chair the university’s board and will begin his term later this year.
# 4 | Yale University
Lieu : New Haven, Connecticut
Total net worth: $ 140.8 billion
Former Yale students include Mars candy bar heirs John, Valerie and Victoria Mars, as well as oil heirs Lee, Edward, Robert and Sid Bass. In 2018, Edward Bass donated $ 160 million to the university to renovate its Peabody Museum. Other notable billionaires who graduated from New Haven University in Connecticut include Joe Tsai, co-founder of Alibaba and owner of the Brooklyn Nets, and Stephen Schwarzman, CEO of investment firm Blackstone. Yale’s newest billionaire is Paul Sciarra, who broke the 10-digit mark after shares soar at Pinterest, the image-sharing app he co-founded in 2010, during the year. elapsed.
# 5 | University of Mumbai
Location: Mumbai, India
Total net worth: $ 162.8 billion
The University of Mumbai, one of the world’s largest universities by enrollment, is the only non-U.S. Institution to make the top 10. All but four of its billionaire former students have inherited their fortunes, including Asia’s richest billionaire Mukesh Ambani, who runs Reliance Industries, a conglomerate with interests in oil and gas, petrochemicals and telecommunications. Mukesh Ambani and his brother Anil inherited their father’s property, but Mukesh greatly increased their fortune; he ranks tenth in the 2021 ranking. Exceptions include Mumbai’s second richest alumnus Uday Kotak, who founded and runs one of India’s largest private sector banks.
# 6 | Cornell University
Lieu : Ithaca, New York
Total net worth: $ 65.1 billion
Former Cornell billionaires include Sandy Weill, former director of Citigroup, who gave the university’s medical school his name, private equity titan Robert F. Smith, who gave his name to the university. chemical engineering school in 2016 (most recently Mr. Smith was involved in the biggest tax evasion project in U.S. history), and software entrepreneur David Duffield, who donated $ 5 million dollars last year to create a scholarship fund for undergraduate engineering students who struggled during the Covid-19 pandemic. Notable graduate who is not among the world’s billionaires: Chuck Feeney, the former billionaire who donated his entire $ 8 billion fortune, including nearly $ 1 billion in donations to his mother nurturer. The only newcomer to Cornell University’s ranking this year is Robert Langer, a famous scientist who got rich from a 3% stake in biotech company Moderna.
# 7 – University of Southern California
Location: Los Angeles
Total net worth: $ 58.5 billion
Among the billionaires at the University of Los Angeles are two filmmakers who graduated from its School of Cinematic Arts: Star Wars creator George Lucas and Brazilian director Walter Salles, heir to one of the oldest banking families in his country. USC’s richest graduate is Marc Benioff, CEO of cloud computing giant Salesforce, whose fortune stands at $ 8.4 billion. However, he is outstripped by the combined $ 10.5 billion fortune of the Public Storage family: B. Wayne Hughes, who co-founded the company in 1972, and his children Tamara Gustavon and B. Wayne Hughes, Jr. In 2019, the oldest Hughes was revealed to be the source of nearly $ 400 million in anonymous donations to the university, believed to have been made between 2010 and 2015.
#8 | Le Massachusetts Institute of Technology
Lieu : Cambridge, Massachusetts
Total net worth: $ 104 billion
Half of MIT’s billionaires inherited their fortunes, including Koch Industries CEO Charles Koch and his brother William Koch, who sold his stake in the company in 1983 to Charles and their late brother David. Charles and David Koch largely developed Koch Industries, the oil and coal conglomerate they inherited from their father Fred Koch. Among the independent billionaires are mathematician Jim Simons, whose fortune of $ 24.6 billion comes from the creation of hedge fund Renaissance Technologies, as well as Drew Houston, co-founder and CEO of Dropbox. Trending technologies added three billionaires to MIT’s charts: biotechnology, in the case of John Oyler, CEO of BeiGene, and cryptocurrencies, for Sam Bankman-Fried, who founded cryptocurrency firms Alameda Research. and FTX, and bubble-era billionaire Michael Saylor, who regained his billionaire status after two decades through lucrative bitcoin investments.
# 9 (tied): Princeton University
Lieu : Princeton, New Jersey
Total net worth: $ 288.4 billion
Princeton completes the Ivy League’s dominance in the top 10. Although it has 18 billionaire alumni less than Harvard, which ranks first, the total net worth of the super rich Princeton graduates is $ 288.4 billion. of dollars, exceeds that of all other universities. Much of this is because the two richest Harvard students (Bill Gates and Mark Zuckerberg) dropped out, while the two richest at Princeton (Jeff Bezos, founder of Amazon, and his ex-wife MacKenzie Scott) graduated. Jeff Bezos and MacKenzie Scott are together worth $ 230 billion, which means they represent 80% of the total fortune of Princeton billionaire alumni. Other billionaires who have graduated from Princeton include heirs of the Gap store chain, John, Robert and William Fisher, and former Google CEO Eric Schmidt, who donated an undisclosed sum to the university he two years ago for the construction of a new IT building which is expected to be completed in 2026.
# 9 (tied): University of California at Berkeley
Location: Berkeley, California
Total net worth: $ 82.6 billion
California’s flagship public university has won two new billionaires due to the Covid-19 pandemic. Timothy Springer, professor of biology at Harvard, was enriched, like Robert Langer, former student of Cornell, thanks to his participation in the manufacturer of vaccines Moderna. For his part, Tony Xu, CEO of DoorDash, went public with his food delivery startup at the end of 2020, after the pandemic and people at home exploded the demand for take-out. Like Timothy Springer and Tony Xu, most of Berkeley’s billionaires have amassed their fortunes through technology and biotechnology, including Masayoshi Son, a Silicon Valley banker and Gordon Moore, co-founder of Intel, whose Fortunes are estimated at $ 45.4 billion and $ 12.1 billion, respectively.
Article translated from Forbes US – Author: Kenrick Cai
To read also: Forbes ranking of billionaires 2021: Germany panics the counters >>>