Saturday, 7th November 2009

 

4 June 2008 -

Billionaires go to Harvard

As many as fifty of America’s 469 billionaires went to Harvard, more than any other university, according to a recent study from Forbes magazine.

Stanford University came in second among American universities, with 30 billionaire alumni. Third place went to the University of Pennsylvania, with 27 billionaires, followed by Yale, with 19 and Columbia with 15.

Harvard's billionaire alumni include Microsoft chief executive Steve Ballmer, New York City Mayor Michael Bloomberg and media tycoon Sumner Redstone. Bill Gates attended Harvard, but never graduated.

Stanford’s graduates include Nike co-founder Philip Knight and discount brokerage founder Charles Schwab.

Altogether, just 20 universities and colleges account for 52% of the billionaire graduates in the US.

Most Read

  1. Barclays Wealth team leaves for Standard Chartered
  2. Lloyds wealth team quits after bonus worries
  3. UBS wealth unit takes £33m hit on rogue trades
  4. Citigroup plans 75 layoffs at wealth management division
  5. Morgan Stanley poaches six-member private wealth team from UBS

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Sotheby's 3Q loss widens

Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.

More from Rich Life

  1. Sotheby's 3Q loss widens
  2. Going local --- In a shaky art market, collectors stick close to home
  3. In Tax Case, 4 Days Save Robertson $27 Million
  4. UBS predicts 11% rise in number of HNW UAE nationals
  5. Bonus boom will buoy luxury property market

Related Content

  1. Gates and Bloomberg team up for anti-smoking campaign

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347