United States Universities That Produce The Wealthiest Alumni Who Fall Into The 1%
While any college education will help graduates with their future, some colleges churn out alumni who make it into the 1%, amassing a net worth of over $11 million.
In a report generated by Wealth-X, colleges such as the University of Miami and the University of Michigan have generated some of the wealthiest college graduates around.
Self-Made Multi-Millionaires And Celebrity Graduates
From the east coast to the west coast of the United States, graduates from schools such as the University of California, Los Angeles, and the University of Michigan have been lucky enough to graduate what is called ultra-high-net-worth (UHNW) alumni.
From self-made multi-millionaires and celebrity graduates to a combined net worth of billions of dollars, here are some of the colleges that produce the top 1%.
While an estimated 10% of Cornell University alumni come from wealthy backgrounds, around 74% of the school's UHNW alumni say they are completely self-made multi-millionaires.
The school has produced some famous celebrities, too, including Dr. Anthony Fauci, Bill Nye The Science Guy, Citigroup CEO Sandy Weill, and software entrepreneur David Duffield.
The cost of attending Boston University is steep, costing a resident student around $80,000 a year. That being said, the tuition fees were well worth it for those who took advantage of their education.
An estimated 55% of BU's 1,640 UHNW alumni are completely self-made, with 12% of those people being women, including actress Geena Davis. Together, these ultra-high-net-worth alumni are worth an estimated $277 billion.
University Of California, Los Angeles
The University of California, Los Angeles, had produced more than one 1% over the years. An estimated 1,945 alumni are considered to have a UHNW, a combined $375 billion.
One of the 1% who graduated from UCLA is actually MySpace co-founder Tom Anderson who has an estimated net worth of $60 million.
The UHNW alumni from Northwestern University have quite the combined net worth, at a whopping $389 billion. Out of the estimated 2,725 elite graduates, around 72% are self-made, with 11% of them being women.
Of Northwestern's more famous alumni, they have Friends actor David Schwimmer and the Duchess of Sussex Meghan Markle on their roster!
University Of Virginia
While the University of Virginia is not nearly as expensive as other colleges, costing around $17,000 per year, it doesn't mean the school hasn't produced some UHNW alumni.
In fact, the combined net worth of UVA's UHNW alumni is an estimated $246 billion, with 84% of the graduates being self-made. One of their most notable alumni in actress and comedian Tina Fey.
New York University
New York University is known for its academic programs and churning out some well-known celebrity alumni, including actor Adam Sander, singer Lady Gaga, and director Spike Lee.
Of the estimated 3,380 UHNW alumni, around 73% are self-made multi-millionaires. Of those people, they have a combined net worth of around $712 billion.
University Of Michigan
The University of Michigan is lucky enough to say it attracted celebrities such as Madonna and Google co-founder Larry Page. They each have a respective net worth of $1.2 billion and $99.8 billion, according to Forbes.
Aside from them, the University of Michigan has produced an estimated 1,970 UHNW alumni, 78% of whom are considered to be self-made.
University Of Notre Dame
The richest alumni to graduate from the University of Notre Dame are worth an estimated combined net worth of $179 billion, with 75% considered self-made. Two of those self-made multi-millionaires are well-known, too.
Former NFL quarterback Joe Montana and author Nicholas Sparks both graduated from this university and have respective net worths of $150 million and $40 million.
While CNBC reported that most students who attend Princeton University come from some semblance of wealth, 78% of the UHNW alumni say they generated their own millions.
One of the top ivy league schools in the country, Princeton has been home to former First Lady Michelle Obama, Amazon CEO Jeff Bezos, and former Google CEO Eric Schmidt.
University Of Miami
Located in Miami, Florida, the University of Miami is one of the lucky schools that can say 70% of its UHNW alumni are completely self-made multi-millionaires.
Dwyane "The Rock" Johnson is one of those lucky alumni who went from being a collegiate athlete to one of the wealthiest actors in Hollywood, with a net worth of $800 million.
University Of California, Berkeley
An estimated 2,385 elite UHNW alumni have graduated from the University of California, Berkeley. With a combined net worth of $760 billion, around 76% of graduates are considered self-made multimillionaires.
Berkeley has produced some well-known and wealthy names, including Intel co-founder Gordon Moore and DoorDash founder and CEO Tony Xu.
University Of Chicago
Alex Seropian, the founder and creator of the Halo videogame series, is one of the UHNW alumni to graduate from the University of Chicago. Aside from him, there are an estimated 2,405 graduates who have made it into the 1%.
Together, they have a combined net worth of a whopping $707 billion, with about 84% being self-made.
University Of Pennsylvania
According to Forbes, many of the UHNW alumni who graduated from the University of Pennsylvania studied at the Wharton School for business. Together, the estimated 5,575 UHNW alumni are worth $1.78 billion, with 5% of them being self-made women.
Some of the more notable alumni of the University of Pennsylvania include Tesla CEO Elon Musk.
Harvard University has produced some of the wealthiest graduates in the entire company, with 17 of its 29 billionaires finding their wealth through finance and investments, according to Forbes.
Amongst the 13,650 UHNW alumni are Goldman Sachs CEO Lloyd Blankfein and the Winklevoss twins. Together, the UHNW alumni have a combined net worth of $4.76 billion.
University Of Southern California
The University of Southern California has a reputation for hosting wealthy students. Still, around 60% of the estimated 2,645 UHNW alumni are considered fully self-made multi-millionaires.
In fact, some famous people who studied at USC are Salesforce CEO Marc Benioff and George Lucas, founder of Lucasfilm and the director of films such as Star Wars and Indiana Jones.
According to Forbes, there are 21 billionaires amongst Yale University alumni. Some of these people include Brooklyn Nets owner Joe Tsai, actresses Lupita Nyong'o and Jodi Foster, and Nobel Prize laureate Paul Krugman.
Of Yale's 2,400 estimated UHNW alumni, the combined net worth of $777 billion, with a solid 77% of them considered self-made.
The University Of Texas At Austin
Oscar award-winning actor Matthew McConaughey and Dell Technologies founder and CEO Michael Dell are two of the UHNW alumni who graduated from The University of Texas at Austin.
The estimated combined net worth of the 2,195 UHNW alumni is priced at $463 billion, with 77% of those people being entirely self-made multi-millionaires.
Massachusetts Institute Of Technology
The Massachusetts Institute of Technology's estimated 2,785 UHNW alumni have one of the highest combined net worth around, at a whopping $990 billion! Of those 2,785 people, around 78% are considered self-made individuals.
MIT has churned out a lot of successful computer engineers, businessmen, and scientists, including the Koch brothers, Dropbox co-founder and CEO Drew Houston, and BeiGene CEO John Oyler.
According to Forbes, 11 of Columbia University's billionaires earned their wealth through investment opportunities after graduating from the Ivy League school, including the founder of cable company Mediacom, Rocco Commisso, and New England Patriots owner Robert Kraft.
The UHNW alumni have an estimated combined net worth of $1.5 billion, with 73% considered self-made.
According to Forbes, Stanford University is one of the top schools to churn out billionaires, including the founders of companies such as Carvana, Zillow, Robinhood, and Nubank. Actress Sigourney Weaver even graduated from Standford!
An estimated 5,580 of Standford's alumni are considered to have accrued UHNW, with their combined total being a whopping $2.9 billion; 78% are considered self-made.