Top Ten Universities in the World for Producing Millionaires

If you dream of one day becoming a millionaire, attending one the schools of this list can help your chances from a statistical prospective. Of the top ten schools on this list all of them are in the United States except for two which are located in the UK. The degree that produces the most number of millionaires is engineering, followed by business, law, accounting, and finance. The researches who compiled this data theorize there are more millionaires with engineering degrees than any other background due to the fundamental entrepreneurial spirit embodied by most professional engineers.


Cornell University

Located in Ithaca, New York, Cornell University is considered one of the best schools in the country. It is among the prestigious group of private Ivy League universities. With a student population of roughly 21,000 students and more than 250,000 living alumni, Cornell University attracts some of the brightest minds from around the world. Originally founded in 1865 as a result of a New York State Senate bill that named the university as the state’s land grand institution, Senator Ezra Cornell offered his farm and $500,000 as an initial endorsement. Since then the university has expanded and is now one of the premier research universities in the world.


University of Pennsylvania

The University of Pennsylvania is located in Philadelphia is one of the Ivy League universities and one of the nine original Colonial Colleges. Penn’s founder is none other than Benjamin Franklin. The of University of Pennsylvania is one of the top research universities in the United States and consistently ranks in the top five for overall research activity. Over its long history, the University of Pennsylvania has produced a number of distinguished alumni including 12 heads of state, including 1 U.S. President, 3 United States Supreme Court justices, and 18 living billionaires.


University of Cambridge

The University of Cambridge is the second-oldest university in the English-speaking world. Founded in 1209, the university grew out of an association of scholars who left Oxford after a dispute with the townsfolk. Since then Cambridge has grown to be one of the top universities in the world. With nearly 20,000 students. the University of Cambridge is consistently ranked as one of the top British universities. Among its many notable alumni include over 90 Nobel laureates, a number of scientists including Sir Isaac Newton, Sir Francis Bacon, and Charles Darwin, and 15 British Prime Ministers.


New York University (NYU)

Originally founded in 1831, NYU is one of the largest private universities in the United States. It is located in the heart of Manhattan in an area known as Greenwich Village. Since its beginnings, there has been a large number of notable alumni including 36 Nobel laureates, 3 Abel Prize winners, 10 National Medal of Science recipients, 30 Academy Award winners, and 16 Pulitzer Prize winners. With such renowned alumni, it is no wonder why NYU has produced so many millionaires over the years.


Massachusetts Institute of Technology (MIT) 

The Massachusetts Institute of Technology, or better known by most as MIT, is probably the best technical university in the world. Traditionally, it is best recognized for research and education in the physical sciences, but has recently been associated as a leader in fields such as biology, economics, management, and linguistics. Over the years, MIT has produced 81 Nobel laureates, 52 National Medal of Science recipients, and 45 Rhodes Scholars.



University of Oxford

The University of Oxford is the oldest university in the English-speaking world and the second oldest surviving university overall. It is believed to have been founded as early as 1096. Partly because it has been around so long, and partly because of its status as one of the most premier educational institutes in the world, the University of Oxford has produced a number of millionaires over the years. Some notable alumni include 26 British prime ministers, 50 Olympic medal-winners, 20 Archbishops of Canterbury,and a number of modern actors.


Columbia University

Located in New York City, Columbia University is among the group of Ivy League universities. It is the oldest university in the state of New York and is the fifth oldest in the country. The university was originally founded in 1754 as King’s College by the royal charter of George II of Great Britain. After the American Revolution, the university was renamed Columbia University in 1784. Columbia University administers the Pulitzer Prize and has the second most number of Nobel laureates of any university in the world at 101.


University of California

Located in Berkeley, California, the University of California has produced more millionaires than any other public university in the world. Originally established in 1868, Berkeley is the oldest institution in the University of California system. Over the years, Berkeley alumni and researchers have won 72 Nobel Prizes, 9 Wolf Prizes, 7 Fields Medals, 15 Turning Awards, 20 Academy Awards, 45 MacArthur Fellowships, and 11 Pulitzer Prizes. Researches at the University of California at Berkeley have also discovered 16 chemical elements, more than any other university in the world.


Stanford University

Everyone knows that Stanford is one of the top universities in the world. Established in 1891, Stanford is located in Palo Alto, California, in the northwest corner of Silicon Valley. Among Stanford accomplishments include more than 244 Olympic medals, more than any other university in the United States, the second most number of NCAA championships at 104, and alumni who have founded some of the most prominent companies in the world. Some of the companies founded by Stanford alumni include Google, Sun Microsystems, Yahoo!, Nike, Hewlett-Packard, Cisco Systems, and many others. Every year, Stanford alumni contribute more than $3 trillion dollars to the world’s economy. If Stanford alumni were a country, they would have the 10th largest economy in the world.


Harvard University

This private Ivy League university is widely regarded as the best in the world. It has also produced more millionaires than any other university in the world. Having been established in 1636 and named after John Harvard, the institution’s first benefactor, Harvard University is the oldest university in the United States. Harvard University has been the preferred institution for United States Presidents, business leaders, and civil rights activists. Some notable alumni include John Hancock, John Adams, Theodore Roosevelt, Franklin D. Roosevelt, John F. Kennedy, Al Gore, George W. Bush, Barack Obama, Mark Zuckerberg, Bill Gates, Ralph Waldo Emerson, and many others. 


Featured image: Flickr by Stijn Debrouwere

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