The Billionaire Factory

Which school is producing the most billionaire alumni?

Every parent hopes for their children to go to a top Ivy League College when they graduate high school. Despite a needle in the haystack to be accepted but they see the worthy of possibilities for their children’s financial future. Here is why.

According to Andrew Farrell, Harvard is consistently ranked as one of the top schools in the country. Its $35 billion endowment makes it the best-funded college in the United States. In addition, Harvard students are more likely to become billionaires than graduates of any other colleges. (Forbe.com)

The following is the top colleges and number of billionaire alumni.

No. 1, Harvard University
Forbes’ most recent list of the world’s billionaires among 469 Americans, 50 out of the list hold at least one degree from Harvard. The school has produced 20 more billionaires than No.2 College Stanford University, on their list. Including Microsoft Chief Executive Steve Ballmer, New York City Mayor Michael Bloomberg and media tycoon Sumner Redstone are among the Harvard alumni billionaires.

No. 2, Stanford University
It is listed No. 2 but impressively the school produced 30 billionaire alumni including Nike co-founder Philip Knight and discount brokerage mogul Charles Schwab.

No. 3, The University of Pennsylvania
It is listed No. 3 produced 27 billionaire alumni including real estate king Donald Trump and SAC Capital founder Steven Cohen.

No. 4, Yale
Among the top five are Yale, with 19 billionaire graduates.

No. 5, Columbia University
The school produced 15 billionaire alumni.

No. 6, the University of Chicago
The top school from the Midwest produced 10 billionaire alumni.

No. 7, Duke University
The top school from the south produced 9 billionaire graduates.

One thing, here is a hope for parents who are concerned with their children dropping out of college. There are many unusual cases of dropouts who have gone on to become billionaires. For example, a billionaire Carl Icahn who received a degree in philosophy from Princeton and enrolled in NYU’s medical school but he dropped out to be a stockbroker.

What’s these schools’ secret for producing billionaire alumni?

• Excellent educations
• Old-boys networking
• Good business school program-produces high income earners
• Strong research program
• Low acceptance rate among exceptionally smart students

There are common threads in these schools; provide better education and networking opportunity with billionaire alumni. In addition, students who are accepted from these schools already have excellent resume to start with. As a result, these students have a upper-hand during school years and after the graduation.