The London-based consulting firm, Henley & Partners, recently released a wealth report that identifies the cities and regions most millionaires are situated in the United States. This list includes New York, California Bay Area, Los Angeles, Chicago, and Houston. This research also showed that between the years of 2012 to 2022, the number of millionaires in the Bay Area and Houston increased by more than 65%.
As of December 2022, there are 9,630 people in the United States with assets amounting to $100M and more. 35% of these billionaires hail from the following eight universities.
8. Princeton University
Blair Hall at Princeton University
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According to The Wealth Report, the university accounts for 3% of all billionaires in the country.
One of its most famous alumni is Amazon's chairman and founder, Jeff Bezos. This 1986 graduate is worth $122 billion as of February 17, making him the third-richest person in the world, according to the Bloomberg Billionaires Index.
Other notable alumni include former First Lady, Michelle Obama, and former Google CEO, Eric Schmidt.
7. Cornell University
Barnes Hall, Cornell University, Ithaca, New York
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The university accounts for 3% of all billionaires in the country.
Their distinguished alumni include Supreme Court Justice, Ruth Bader Ginsburg, Ratan Tata, chairman of India's Tata Group, and Bill Nye, the host of "Bill Nye the Science Guy."
6. Yale University
Yale University's Cross Campus looking towards Stirling Library
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The university accounts for 4% of all billionaires in the country.
One of them is Ben Silbermann, the co-founder of Pinterest, who graduated from Yale in 2003. As of February 16, he is worth $1.5 billion, according to Forbes.
Other notable alumni include former President Bill Clinton and 2016 Democratic presidential candidate Hillary Clinton, who met while studying at Yale Law School and graduated together in 1973.
5. Columbia University
Columbia University Libraries Stock Photo/Getty Images
The school's alumni base includes 4% of the wealthiest people in the United States.
Among them is the CEO of Berkshire Hathaway, Warren Buffett, an investment legend who attended Columbia Business School. With a net worth of $108 billion as of February 2017, he is the fifth-richest person in the world, according to the Bloomberg Billionaires Index.
Other notable alumni include, former Citigroup Global Wealth Management CEO, Sallie Krawcheck, and New England Patriots owner, Robert Kraft.
4. University of Pennsylvania
University of Pennsylvania and Philadelphia skyline Pablo Garcia/Getty Images
The university accounts for 4% of the country's billionaires.
According to an expert interview by Insider of Andrew Amoils, the proportion of billionaires from the University of Pennsylvania has increased compared to a decade ago.
One of its most notable alumni include Tesla and SpaceX CEO, Elon Musk. As of February 17, Musk is recognized as the second-richest person in the world, with a net worth of $183 billion, according to Bloomberg. He graduated from the University of Pennsylvania in the 1990s with a degree in Economics.
Other famous figures include former President Donald Trump, who is an alumnus of the Wharton School of the University of Pennsylvania.
3. Stanford University
The Hoover Tower at Stanford University David Madison/Getty Images
5% of the wealthiest people in America are from Stanford.
While the proportion of billionaires produced by other universities on the list has remained relatively stable, Stanford's proportion has consistently increased compared with a decade ago.
Some notable alumni include Google founder, Sergei Brin, and Netflix founder, Reed Hastings.
2. Massachusetts Institute of Technology
MIT campus Joe Raedle/Getty Images
The university has produced 5% of America's billionaires, which include former Merrill Lynch CEO, John Thain.
Other notable MIT alumni include former Federal Reserve Chairman, Ben Bernanke, Israeli Prime Minister Benjamin Netanyahu, and Hewlett-Packard co-founder, Bill Hewlett.
1. Harvard University
Harvard Business School campus Brooks Kraft LLC/Corbis via Getty Images
Topping the list is Harvard University, whose alumni account for 7% of the country's billionaires.
The founders of many tech giants are Harvard alumni, such as Microsoft co-founder Bill Gates, whose net worth was $117 billion as of February 17, according to Bloomberg.
As well as Meta's CEO, Mark Zuckerberg, who attended Harvard University in 2002 but dropped out after founding Facebook. His net worth is currently approximately $64.2 billion.
Harvard University, being the oldest university in the United States, has produced the most American presidents. Eight of its alumni went on to lead the country: John Adams, John Quincy Adams, John F. Kennedy, Franklin Delano Roosevelt, Theodore Roosevelt, George Bush, Rutherford B. Hayes, and Barack Obama.
These top universities are highly competitive. As such, you would need hands-on guidance to navigate their meticulous admissions process. Our experienced consultants at Enlighteens are more than capable to set in you on the right track towards achieving your goal!