Here Are The 10 Business Schools With The Most Billionaire Alumni
BANGALORE: The thought of being a billionaire may seem far-fetched or in a most realistic view ‘close to impossible’. However, there is an extent to this, the other version remains to be seen for not all billionaires were born this way, most of them were regulars who enrolled themselves into promising colleges and finally struck gold mines. A recent survey by Wealth-X and UBS Census provides insightful facts in the making of these billionaires, reports The Richest
At present there are 2,325 billionaires in the world in which 50 percentage of billionaires secured their business degree from one of the 10 schools on this list, out of which 7 out of 10 business schools are located in U.S.
Here are the top ten colleges that are accountable in producing billionaires
10. London Business School
London business school founded in year 1964 and is located in Regents Parks in London, England. This elite school was ranked as the 5th best school in the world by Financial Times and has brought about 4 billionaires out of which Kumar Mangalam Birla, MBA graduate, the chairman for Aditya Birla Group one of the largest conglomerates in India, is one among them.
9. University of Southern California
University of Southern California was founded in year 1880 and is located in Los Angeles, California. University of Southern California ranks 9th best business college by Niche 2015. The university has created billionaires out of 5 alumni, among them Ivan Glasenberg, the chief executive of Glencore Xstrata, one of the largest mining and trading companies in the world.
8. International Institute for Management Development (Switzerland)
International Institute for Management Development was started in 1990 and is situated in Geneva Lake in Lausanne, Switzerland. It ranks #1 in the list of best international business schools by Forbes. Out of the the 5 alumni turned billionaires who graduated, Susanne Hanna Ursula Klatten is one such billionaire who owns the German company Bayerische Motoren Werke which is in union with "German Big 3" is the three best-selling luxury automakers in the world.
7. New York University
New York University is the oldest business schools that take the 23rd place in the world for research programs by Forbes. It was founded in 1900 and is stationed at Greenwich Village in Lower Manhattan. Out of the 7 billionaires that graduated here, Forrest Edward Mars, Jr owns the chocolate bar Mars, the largest candy manufacturer in the world.
6. Insead (Global)
The original campus of Insead (Europe Campus) is situated in Fontainebleau, France. The second (Asia Campus) is Singapore and the third campus (Middle East Campus) is located in Abu Dhabi. Insead was established in 1957 and comes in #5 by Financial Times. Among the 9 Billionaire that made it, Reinold Geiger, run the show for French cosmetics firm L’Occitane and has a sum of 1.4 billion dollars.
5. University of Chicago
University of Chicago ranks 2nd under Forbes. It was founded in 1898 that makes it the 2nd oldest business school in the U.S.; their campuses are located in Chicago, Hong Kong, and Singapore and London. The University of Chicago has fashioned 10 graduates turned billionaires, out of which one notable alumnus David Gilbert Booth is a cofounder of Dimensional Fund Advisors (DFA).
4. University of Pennsylvania
University of Pennsylvania, one of the oldest universities in America was established in 1881. It is also located in Philadelphia and San Francisco and is rated 4th by Forbes. Amongst the 12 wealthiest students who graduated from this university, Ronald Owen Perelman owns MacAndrews & Forbes Holdings, and is one of the richest Americans and is 67th on Forbes list of billionaires.
3. Columbia University
Columbia University taking the 7th place by Forbes was started in 1916; it is situated in Manhattan, New York and is responsible for 14 graduates turned billionaires. One of the MBA grads, Peter Woo was the chairman of Wheelock and Company.
2. Stanford University
Stanford Business School is one of the world's most prestigious institutions and ranked the top by Forbes. Located California, Stanford was established in 1925. . The number of MBA graduates turned billionaires is 23, in which Philip Knight, a former track, is one of the acclaimed and widely known billionaires. He is the founder of Blue Ribbon Sports that is now more commonly known as Nike.
1. Harvard University
Harvard University has the highest yielding of 64 billionaire alumni, which is three times more than Stanford. Jorge Paulo Lemann is part of this list and is currently the wealthiest man in Brazil. Situated in Boston, Harvard Business School founded in 1908 and it is rated 3rd on Forbes’ list.