# 6 Massachusetts Institute of Technology

The school is a private research university based in Cambridge in Massachusetts established in 1861 as the United States was experiencing an increase in industrialization level. The school focuses on laboratory instruction and the method of learning applied technology. It has 15 billionaires with a net worth total of $114 billion, making it second to Harvard. Known for providing quantitative analysts to the hedge-fund industry it can also boast on 78 Nobel Prize winners, 52 National Medal of Science awardees, 45 Rhodes Scholars and 38 MacArthur Fellows.

#5 Columbia University

Founded in 1754, Columbia University is the oldest institution of higher learning in the state of New York and the fifth oldest in the United States. It encompasses 15 billionaires with a combined net worth of $96 billion. The reputed institution has provided 82 awardees of the Nobel Prize to go along with five of the Founding Fathers of the nation, nine Supreme Court Justices, three Presidents of the United States and 26 other heads of state.
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