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Where do billionaires go to university?

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  • Where do billionaires go to university?

    Where do billionaires go to university?

    16:42, 30 Oct 2014


    Are the super-rich more likely to be better educated? Or have they
    spurned scholarship and dedicated themselves to the serious business
    of being seriously rich?

    According to a global census of dollar billionaires, almost two-thirds
    have a university degree. That means that even for countries with a
    high level of graduates, billionaires are disproportionately likely to
    have gone to university, Sean Coughlan writes in an article published
    by the BBC.

    In the UK, more than four out of five billionaires were in higher
    education - not so much rags to riches as rag week to riches.

    The educational insights are from an annual profile of the uber-rich,
    the Wealth-X and UBS Billionaire Census, produced by the Swiss banking
    group and a Singapore-based financial intelligence firm.

    It examines the wealth and background of more than 2,300 billionaires
    - and the findings undermine the image of the wealthy as being
    self-taught self-starters trained on the market stall.

    As well as being much more likely to be graduates, a quarter have
    postgraduate degrees and more than one in 10 has a doctorate.

    The University of Pennsylvania has produced more than any other
    institution, followed by Harvard, Yale, the University of Southern
    California, Princeton, Cornell and Stanford.

    And the most likely way of making money is by dealing in money, with
    billionaires mostly making their fortunes through finance, banking and
    investment.

    But there are also some indications that the geography of the super
    rich is changing. Reflecting India's growing economy, the University
    of Mumbai is in ninth place in the league table.

    The only UK university in this wealth list is the London School of
    Economics, in 10th place, with no place for Oxford or Cambridge.

    The rise of Russia's wealthy is reflected in the 11th place for
    Lomonosov Moscow State University.

    But the dominance of the US universities is not simply about the US
    producing more billionaires. More than a quarter of the billionaires
    who attended US universities to take undergraduate degrees were from
    other countries.

    This was even more the case for postgraduate courses in the US, where
    39% came from overseas.

    Most billionaire graduates:

    University of Pennsylvania
    Harvard University
    Yale University
    University of Southern California
    Princeton University
    Cornell University
    Stanford University
    University of California, Berkeley
    University of Mumbai
    London School of Economics
    Lomonosov Moscow State University
    University of Texas
    Dartmouth College
    University of Michigan
    New York University
    Duke University
    Columbia University
    Brown University
    Massachusetts Institute of Technology
    ETH Zurich

    http://www.armradio.am/en/2014/10/30/where-do-billionaires-go-to-university/

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