A new wealth report by consultancy firm “Henley & Partners” found more than a third of US centi-millionaires graduated from eight universities.
The report found 9,630 centi-millionaires living in the US as of December. Of that, 35% of them graduated from just eight schools:
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Harvard
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Massachusetts Institute of Technology
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Stanford
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University of Pennsylvania
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Columbia,
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Yale,
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Cornell, and
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Princeton.
“Nonetheless, a premium education undeniably improves the chances of achieving success, influence, and wealth,” Henley & Partners said.
The report noted an exception:
“Education is not the only route to phenomenal financial success though, with two notable examples being Bill Gates, who left Harvard to start Microsoft, and Mark Zuckerberg, a fellow Harvard drop-out and the poster boy of Facebook, now Meta, both of whom went on to become billionaires.”
And for those aspiring to become a centi-millionaire one day, choosing the right industry is important. The report found the top industries in which centi-millionaires have acquired their wealth:
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Financial and professional services
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Technology
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Real Estate
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Media and entertainment
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Energy and basic materials
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Retail
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Healthcare
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Hotel and leisure
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Manufacturing
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Transport
Unsurprisingly, a handful of Ivy League universities have a monopoly on churning out centi-millionaires.
Tyler Durden
Tue, 02/28/2023 – 23:05