www.csua.org/u/zaf -> finance.yahoo.com/news/billionaire-u-why-harvard-mints-200315236.html
Print The Massachusetts Institute of Technology has its hedge-fund quants, the University of Southern California has its movie moguls. But if you really want your child to be a billionaire, you might want to send them to Harvard. Harvard has graduated some 52 billionaires, with a collective fortune of $205 billion, to lead Wealth-X's global list of universities ranked by alumni worth $1 billion or more.
Seventy-four percent of the school's billionaire alumni "built that," Wealth-X found. "It shows the power of networks," said David Friedman, president of Wealth-X. "Harvard has this entrenched, powerful network that extends across so many sectors and is incredibly pro-active about connecting its alumni. Harvard's success, said Friedman, "validates what we all whisper and now we know: It's not just what you know, it's who you know."
Cities That Mint Millionaires the Fastest) Other schools can boast about their networks, too, particularly those with lines into technology and other leading fields for growing wealth. As the chart below shows, Stanford University, in the heart of Silicon Valley, has 27 billionaires to its credit, ranking third. The University of Cambridge, the only school outside the United States to make the top 10, is a high-tech leader in the UK And in the broader category of ultra-high-net-worth individuals, which Wealth-X defines as those worth $30 million or more, "there are smaller clusters of successful graduates who have drawn in other alumni," Friedman noted. The University of Virginia, for instance, has many fewer billionaires, but outdid Harvard for the highest percentage of self-made wealthy, at 79 percent. Monash University, in Melbourne, Australia, is a launching pad for women. Seventeen percent of their ultra-high-net-worth graduates are women. Among top American universities, Northwestern and Brown are conducive to female wealth with 15 percent and 14 percent. But Harvard led in every other category in the Wealth-X rankings. Its ultra-high-net-worth graduates' sheer numbers - totaling close to 3,000 - and their outsized total net worth of $622 billion is enough to make parents whose children won't be going feel left out.
Millionaires Say They Are Better Off Than in 2007) Some quick math, Friedman pointed out, provides a little balm for those suffering from elite education envy. In all, the universities mentioned in Wealth-X's report have helped create 14,355 ultra-high-net-worth individuals out of a total global population of more than 186,000, or about 7 percent. "That leaves 93 percent of the world's super-rich," Friedman said, "who did just fine without attending a top ranked school."
joe o 1 hour 48 minutes ago I never finished high school and I am doing very well. It took years of very hard work and many long hours a day. Hope it turns out ok and comes out a good decent person as he learned at home to be.
Prince of Cats o 22 hours ago As an entrepreneur, I can tell you that it's much easier to raise money and get a fair valuation for your company when you have the right connections. No matter how valuable your business is, if you don't have a personal connection with your financiers, you are going to be taken advantage of. It's the difference between becoming wealthy and ending up as just an employee who started a company.
D o 12 hours ago So 52 out of the tens, if not hundreds of thousands of Harvard alums are billionaires, still a needle in a haystack. My guess is if you're kid is destined to become a billionaire he'll probably find a way no matter where he goes to school.
D V o 3 hours ago How many of Harvard's graduates come from wealthy families? Are we really talking about people becoming billionaires or are these people inheriting their money?
doubleducks o 22 hours ago Harvard's success, said Friedman, "validates what we all whisper and now we know: It's not just what you know, it's who you know." Just have a country club where you meet the rich and powerful.
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