What Colleges Have Produced the Most Millionaires?


We’ve heard about the millionaires who were college drop-outs, but what about the millionaires who got college degrees?

Not so surprising or intriguing, but it’s definitely interesting to see which colleges in the world have taught and produced national and global millionaires.

According to US News and World Report 2016, based on a survey done by Elite Traveler and WealthInsight titled,

“Smarter Money: USA dominates list for universities producing the most millionaire alumni in the world”, many of the colleges who have millionaire alumni are from the United States.

Is it that much of a surprise?

Apparently not, when around the world, United States colleges have been ranked in the top spots.

So here are the top 5 colleges where the world’s millionaires have studied.

Harvard University


Harvard has many famous millionaire alumni – photo source: harvard.edu

Famous Millionaire Alumni at Harvard

(who were Chief Executive Officers in their companies):

  • J. Paul Austin (Coca-Cola Company)
  • Steve Ballmer (Microsoft)
  • Frank Blake (The Home Depot)
  • John T. Cahill (Pepsi Bottling Group)
  • Kenneth Chenault (American Express)
  • Mark Fields (Ford Motor Company)
  • Melvin Gordon (Tootsie Roll Industries)
  • John B. Hess (Hess Corporation)
  • Carol Kalish (editor, Marvel Comics)
  • AG Lafley (Proctor & Gramble)
  • Michael Lynton (Sony Pictures Entertainment)
  • Ellen Pao (Reddit)
  • Sheryl Sanberg (COO of Facebook)
  • Jeff Smisek (United Airlines)
  • Meg Whitman (HP, Inc.)

It’s an Ivy League school, and the oldest college in the entire country, so it’s reputation has been passed down from generation to generation.

It isn’t really surprising anymore that aside from being the top college in the entire world in several 2016 lists, Harvard also has the most number of rich alumni.

Many celebrities went to Harvard, and it’s one of the colleges with the largest alumni population, around 370,000 around the world.

Among its former students are 48 Pulitzer Prize winners, 47 Nobel Laureates, and 32 heads of state.

Several United States presidents have also studied at Harvard: John Adams, Theodore Roosevelt, Franklin D. Roosevelt, John F. Kennedy, George W. Bush, and Barack Obama.

University of Pennsylvania


UPenn produced many millionaires – photo source: en.wikipedia.org

Famous Millionaire Alumni at UPenn:

  • Susan Arnold (vice chair of Procter & Gamble)
  • Nicholas Biddle (president of the Second Bank of the United States)
  • Matt Blank (chair of Showtime)
  • Mitchell Blutt (executive partner of JP Morgan Chase)
  • Len Bosack (co-founder of Cisco Systems)
  • Stephen Cooper (CEO of Warner Music Group)
  • Robert Crandall (CEO of American Airlines, Inc.)
  • Mike Eskew (CEO of UPS)
  • Yotaro Kobayashi (chair of Fuji Xerox)
  • Terry Leahy (CEO of Tesco)
  • Gerard Levin (CEO of AOL Time Warner)
  • Robert Litzenberger (partner at Goldman Sachs)
  • Harold McGraw III (president of McGraw-Hill Companies)
  • Douglas L. Peterson (CEO of McGraw-Hill Financial)
  • Shailesh Rao (managing director of Google India)

Another Ivy League school, UPenn is the 4th oldest college in the country. In 2014, UPenn produced the most number of graduates who became billionaires.

It was also the first college to have degrees for both undergraduate and graduate students.

The first founder of this college was actually Benjamin Franklin, and evolved from an academy to a private research university.

In the most recent rankings, US News and World Report ranks it No. 8 among National Universities, No. 3 in Best Colleges for Veterans, and No. 11 in Best Value Schools.

Stanford University


Numerous millionaires came out of Stanford University – image source: stanford.edu

Famous Millionaire Alumni at Stanford:

  • Brian Acton (founder of WhatsApp)
  • Michael Arrington (founder of TechCrunch)
  • Sergey Brin (co-founder Google)
  • Joe Coulombe (founder of Trader Joe’s)
  • Ray Dolby (founder of Dolby Labs)
  • David Filo (co-founder of Yahoo!)
  • Doris F. Fisher (co-founder of The Gap, Inc.)
  • Andrew Grove (founder of Intel)
  • Reed Hastings (founder of Netflix)
  • Reid Hoffman (co-founder of LinkedIn)
  • Jawed Karim (co-founder of YouTube)
  • Phil Knight (founder of Nike)
  • Mike Krieger (co-founder of Instagram)
  • Larry Page (co-founder of Google)
  • Blake Ross (co-founder of Mozilla Firefox)

Although not an Ivy League school, Stanford University holds its own.

According to many world university rankings, it ranks 2nd in terms of overall education and college experience.

It is No. 5 among National Universities and No. 4 in Best Value Schools.

It’s one of the most selective schools in the country, where it selects only around 2,000 students out of more than 40,000 applicants.

University of Oxford


Lots of millionaires came from the Oxford campus – photo source: campusoxford.com

Famous Millionaire Alumni at Oxford:

  • Rupert Murdoch (CEO of 21st Century Fox)
  • Mark Thompson (CEO of New York Times Company & director-general of BBC)
  • Sir Tim Berners-Lee (founder of the World Wide Web)
  • Rowan Atkinson (actor, “Mr. Bean”)
  • Hugh Grant (actor, “Notting Hill”)
  • Emma Watson (actor, “Harry Potter”)
  • John Simon (co-founder of General Catalyst Partners)
  • Michael Palin (comedian, Monty Python)
  • Martha Lane Fox (founder Lastminute.com)
  • Nat Rothschild (financier)
  • Sir Michael Jonathan Moritz (venture capitalist with Sequoia Capital)
  • Kulveer & Harjeet Taggar (founders of Auctomatic)
  • David Langer & Andy Young (founders of GroupSpaces)
  • Husayn Kassai & Eamon Jubbawy (founders of Onfido)
  • Yashveer Singh (head of Youth Venture Program at Ashoka Innovators for the Public)
  • Manish Sharma (co-founder of Printo)

The University of Oxford (or commonly called Oxford University) has been ranked No. 5 in the world university ranking for 2016.

It’s one of the most prestigious research institutions around the United Kingdom and the world.

Oxford is the oldest college in the English-speaking world, and is the second oldest university that has survived in history (the first one was the University of Bologna in Italy).

It’s so ancient that even historians are having a hard time identifying the exact date of its foundation, but according to the university, it was definitely before the founding of Notre Dame Cathedral in 1163 and the Magna Carta Libertatum in 1215.

Among the 24,000 applicants for the 2015-2016 academic year, only 5,200 were selected to study at Oxford.

University of California-Berkeley


Sseveral Berkeley students became millionaires – photo source: berkeley.edu

Famous Millionaire Alumni at Berkeley:

  • Tom Anderson (co-founder of MySpace)
  • Robert Gaskin (creator of PowerPoint)
  • Garrett Gruener (co-founder of Ask.com)
  • John Hanke (creator of Pokémon Go and Keyhole, Inc. later becoming Google Earth)
  • Gordon Moore (co-founder of Intel)
  • Pierre Omidyar (founder of eBay)
  • Danae Ringelmann (co-founder of IndieGoGo)
  • Eric Schell (co-founder of IndieGoGo)
  • Marc Tarpenning (co-founder of Tesla Motors)
  • Mitchell Baker (chair of Mozilla Corporation)
  • Andy Choy (CEO of Riviera Hotel and Casino on the Las Vegas Strip)
  • Rick Cronk (co-owner of Dreyer’s Grand Ice Cream)
  • David Feinberg (CEO of the UCLA Hospital System)
  • Mandy Ginsberg (CEO of Match.com)
  • Walter A. Haas, Sr., and Walter Jr. (CEO of Levi Strauss & Co.)

The University of California, Berkeley (sometimes called Cal) is a public university. It is ranked in the 7th place among universities around the world (the highest ranking for a public university in this listing).

It is also considered one of the best public higher academic institutions in the country.

Berkeley students, faculty and alumni have produced 72 Nobel Prizes, 14 Pulitzer Prizes, 117 Olympic Gold medals and researchers & scientists have discovered multiple elements in the periodic table of chemicals (16 of them which is more than any other college in the world).

US News and World Report ranks it No. 18 in Best Undergraduate Teaching and No. 20 in National Universities.

Rob Clark

SchoolCampus.org admin staff managing editor

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