The 20 colleges that have created the most millionaires and billionaires

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About 1,900 Harvard alumni have a net worth over $30 million.
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Jannis Tobias Werner/Shutterstock

No college degree can guarantee you wealth, but a handful of schools have a proven track record of minting rich people, from billionaire founders and CEOs to investors to politicians.

Wealth-X, a firm that does research and valuations on ultra-high net worth (UHNW) individuals, has revealed where the world’s wealthiest people – those with assets exceeding $30 million – went to college.

In its tally, Wealth-X counted alumni with both undergraduate and graduate degrees, counting alumni of multiple institutions more than once, but left out those with diplomas, certificates, honorary degrees, and drop outs. Considering some of the world’s richest self-made billionaires dropped out of Harvard, Stanford, University of Chicago, and other schools on this list, the numbers of UHNW alumni could be even higher had they graduated.

Of the top 20 colleges in the world that produce the wealthiest people, five are public universities, six are Ivy League, and only one is located outside of the US. By and large, Harvard University mints the highest number of millionaires and billionaires, which together command a net worth of $811 billion, more than twice that of the No. 2 school, University of Pennsylvania.

Below, check out the top 20 colleges in the world that have produced the most rich people, along with the total known number of UHNW individuals with degrees from the institutions, and their combined wealth.


20. University of California, Los Angeles

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Larry Fink, cofounder, chairman, and CEO of BlackRock, class of 1974 and 1976.
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Mat Szwajkos/Getty Images

Known UHNW alumni: 235

Combined wealth: $63 billion


19. Boston University

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Radio host Howard Stern, class of 1976.
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Theo Wargo/Getty Images

Known UHNW alumni: 241

Combined wealth: $62 billion


18. University of Cambridge

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Arianna Huffington, cofounder and editor-in-chief of The Huffington Post and founder and CEO of Thrive Global, class of 1972.
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Andrew Burton/Getty Images

Known UHNW alumni: 271

Combined wealth: $69 billion


17. University of Michigan

Known UHNW alumni: 272

Combined wealth: $141 billion


16. University of Notre Dame

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NFL hall of famer Joe Montana, class of 1979.
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Business Insider

Known UHNW alumni: 277

Combined wealth: $44 billion


15. University of California, Berkeley

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Cofounder and chairman emeritus of Intel Gordon Moore, class of 1950.
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Justin Sullivan / Getty Images

Known UHNW alumni: 290

Combined wealth: $125 billion


14. The University of Texas at Austin

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Rex Tillerson, US Secretary of State and former chairman and CEO of ExxonMobil, class of 1975.
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Reuters/Joshua Roberts

Known UHNW alumni: 293

Combined wealth: $71 billion


13. University of Southern California

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Marc Benioff, founder and CEO of Salesforce, class of 1986.
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Salesforce

Known UHNW alumni: 294

Combined wealth: $98 billion


12. University of Virginia

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Paul Tudor Jones, founder and CIO of Tudor Investment Corporation, class of 1976.
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REUTERS/Eduardo Munoz

Known UHNW alumni: 300

Combined wealth: $64 billion


11. Cornell University

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Hedge fund manager David Einhorn, founder of Greenlight Capital, class of 1991.
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Reuters

Known UHNW alumni: 319

Combined wealth: $101 billion


10. Princeton University

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Jeff Bezos, founder and CEO of Amazon, class of 1986.
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Chip Somodevilla/Getty

Known UHNW alumni: 330

Combined wealth: $188 billion


9. Yale University

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Former US Secretary of State and First Lady Hillary Clinton and her husband Former US President Bill Clinton, both class of 1973.
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REUTERS/Jim Young

Known UHNW alumni: 360

Combined wealth: $156 billion


8. Northwestern University

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Ginni Rometty, chairman, president, and CEO of IBM, class of 1979.
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Mike Blake/Reuters

Known UHNW alumni: 365

Combined wealth: $80 billion


7. University of Chicago

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Evan Sharp, cofounder and chief creative officer of Pinterest, class of 2005.
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Pinterest

Known UHNW alumni: 371

Combined wealth: $93 billion


6. Massachusetts Institute of Technology (MIT)

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Drew Houston, founder and CEO of Dropbox, class of 2005.
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Steve Jennings / Getty Images

Known UHNW alumni: 375

Combined wealth: $215 billion


5. Stanford University

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Peter Thiel, cofounder of PayPal and Founders Fund partner, class of 1989 and 1992.
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Neilson Barnard/Getty Images for New York Times

Known UHNW alumni: 466

Combined wealth: $404 billion


4. New York University

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Actress and philanthropist Angelina Jolie, class of 1993.
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Anthony Harvey/Getty Images

Known UHNW alumni: 488

Combined wealth: $155 billion


3. Columbia University

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Warren Buffett, investor, philanthropist, and chairman of Berkshire Hathaway, class of 1951.
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Alex Wong/Getty

Known UHNW alumni: 578

Combined wealth: $307 billion


2. University of Pennsylvania

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Elon Musk, cofounder of PayPal and founder and CEO of Tesla and SpaceX, class of 1997.
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Getty/Kevork Djansezian

Known UHNW alumni: 832

Combined wealth: $369 billion


1. Harvard University

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Lloyd Blankfein, Goldman Sachs chairman and CEO, class of 1975.
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John Moore/Getty Images

Known UHNW alumni: 1,906

Combined wealth: $811 billion