Mumbai University has produced more billionaires than NYU, MIT

Rich list: Mumbai University has produced more billionaires than NYU, MIT
By Firstbiz Staff

The latest Wealth-X and UBS Billionaire Census 2014 reveals interesting facts about billionaires and their fortunes. While majority of the billionaires alive today have finished their undergraduate studies from US' University of Pennsylvania, the University of Mumbai has produced the most number of billionaire graduates in India and features as the only university in the top 10 list of universities that is not American.

The list of "Which Universities Produce The Most Billionaires" prepared by Wealth X and UBS is primarily dominated by US universities with 16 of the top 20 entries. the University of Mumbai is ranked nine on the list but figures higher than MIT, NYU or even the University of Michigan or Columbia.


Reuters

Interestingly, only one British university figure in the top 20 list and it is not Oxford or Cambridge. London School of Economics (LSE) is ranked 10th and has produced 11 billionaires.

Lomonosov Moscow State University and ETH Zurich in Switzerland are other schools outside the US have also made it to the top 20 billionaire schools list.

Twenty-five billionaires obtained their bachelor's degrees from the University of Pennsylvania, making it the top university in the world in terms of number of billionaire undergraduate alumni. This is followed by Harvard with 22 billionaires, Yale with 20 billionaire alumni, University of Southern California with 16, Princeton and Cornell with 14 billionaire alumni.

The annual Wealth-X and UBS study also showed that higher education is not a prerequisite to achieving billionaire status as 35% of the 2,325 billionaires in the world have not obtained a tertiary-level degree

Notable university dropouts include Microsoft co-founder Bill Gates and Facebook co-founder Mark Zuckerberg. Both walked out of Harvard during their undergraduate years to start their businesses.

Among those billionaires who hold a tertiary-level degree, 42% graduated with a bachelor's degree, 26% have a master's degree, 21% finished their MBA, and 11% attained a PhD.

Check out the top 20 schools that produce the world's billionaires below


Source:Wealth X