Out of the top-10 universities with the highest number of UHNW alumni (ultra high net worth individual means someone with a net worth of at least $30 million), nine are American.
The exception on the list is the University of Cambridge in the which comes seventh with an estimated 2,760 super rich alumni who have a collective net worth of $390 billion.
Even though those numbers sound impressive, they are dwarfed by Harvard University. It boasts an estimated 13,650 UHNWs who have amassed a collective fortune of $4.8 trillion.
Harvard is in a league of its own and its population is more than double Stanford University and the University of Pennsylvania in second and third with around 5,580 super rich alumni each.
Wealth-X’s report mentions that the vast majority of the wealthy alumni from U.S. universities are actually self-made. For example, 79 percent of wealthy alumni from Harvard are self-made, 15 percent have mixed sources for their fortunes and only 6 percent inherited it.
This article and chart originally appeared on the blog of Statista, a data firm, and is republished here with permission.