REPORT: Penn Still Produces the Most Billionaires
When Forbes released its 2016 Top Colleges list this month, it also released findings that show that more billionaires received their undergraduate degree from the University of Pennsylvania than any other institution in the country.
As part of its annual ranking of the nation’s top 660 colleges, Forbes looked at how many billionaires each school produced and found that Penn educated 5 percent, or 21 of the 406 people on last year’s Forbes 400 list, which ranks the world’s richest people.
But Penn has held this title for some time now. A 2014 report also found that Penn beat out Harvard, Stanford and Princeton, other institutions that have produced a notable number of the world’s biggest money-makers.
Some of Penn’s billionaire alumni include Laurene Powell Jobs, the founder and chair of Emerson Collective and the widow of Steve Jobs; Elon Musk, the PayPal cofounder and current chief executive officer of both Tesla Motors and SpaceX; and casino and hotel magnate Steve Wynn. Penn is also the alma mater of hedge fund manager Steven Cohen, who also made the list.
And if Donald Trump hasn’t made it clear, he went there, too.
According to Forbes, Harvard and Yale tie for the second-highest number of alumni on the list, with 14 each.
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