Nearly 10,000 people living in America qualify as centi-millionaires, meaning they have $100 million or more in wealth. These are the richest of the rich. How did they get that way?
While there is no single answer, one thing many of them share in common is the college they attended, according to a recent report from Henley & Partners, an immigration and investment consulting firm.
A handful of schools are responsible or educating many of the people who go on to become extremely wealthy. The firm analysis found that 35% of the centi-millionaires in the U.S. today are graduates of just eight schools. Following are the universities where the 1% most recently attended.
1. Harvard University
Centi-millionaires in the U.S. for whom this is the most recent institution they attended: 7%
Arguably, no other institution of higher learning in the U.S. has the cachet of Harvard University in Cambridge, Massachusetts. The school’s roots trace back to 1636, meaning it predates the country itself.
2. Massachusetts Institute of Technology (tie)
Centi-millionaires in the U.S. for whom this is the most recent institution they attended: 5%
The Massachusetts Institute of Technology — more commonly known as MIT — is another world-class institution located in Cambridge. The school has earned a towering reputation for the quality of its engineering and physical sciences programs.
2. Stanford University (tie)
Centi-millionaires in the U.S. for whom this is the most recent institution they attended: 5%
Stanford University is almost universally hailed as the best institution of higher learning west of the Mississippi River. It is located in Stanford, California, and has a stellar reputation for many types of studies, especially engineering.
The rest of the top 8
Here are the other schools where many of the ultra-wealthy get their start:
- University of Pennsylvania: 4%
- Columbia University: 4%
- Yale University: 4%
- Cornell University: 3%
- Princeton University: 3%
Hoping to join the 1%? Check out “5 College Majors With the Worst Employment Rates — and 5 With the Best.”
Chris Kissell
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