Stanford GSB | Mr. Singing Banking Lawyer
GMAT 720, GPA 110-point scale. Got 110/110 with honors
MIT Sloan | Mr. Low GPA Over Achiever
GMAT 700, GPA 2.5
N U Singapore | Ms. Biomanager
GMAT 520, GPA 2.8
MIT Sloan | Mr. Refinery Engineer
GMAT 700- will retake, GPA 3.87
Yale | Mr. Army Infantry Officer
GMAT 730, GPA 2.83
Berkeley Haas | Ms. 10 Years Experience
GMAT To be taken, GPA 3.1
Yale | Ms. Social Impact AKS
GRE 315, GPA 7.56
Harvard | Mr. Political Consultant
GRE 337, GPA 3.85
Kellogg | Mr. Chief Product Officer
GMAT 740, GPA 77.53% (First Class with Distinction, Dean's List Candidate)
Said Business School | Mr. Across The Pond
GMAT 680, GPA 2.8
Wharton | Mr. Army & Consulting
GMAT 760, GPA 4.0
Berkeley Haas | Mr. 360 Consultant
GMAT 720, GPA 3.4
Stanford GSB | Mr. Corp Finance
GMAT 740, GPA 3.75
Harvard | Mr. Improve Healthcare
GMAT 730, GPA 2.8
Berkeley Haas | Mr. Wake Up & Grind
GMAT 700, GPA 3.5
Darden | Mr. Fintech Nerd
GMAT 740, GPA 7.7/10
Stanford GSB | Mr. Minority Champ
GMAT 740, GPA 3.7
Darden | Mr. Senior Energy Engineer
GMAT 710, GPA 2.5
Harvard | Mr. Merchant Of Debt
GMAT 760, GPA 3.5 / 4.0 in Master 1 / 4.0 in Master 2
Stanford GSB | Mr. Indian Telecom ENG
GRE 340, GPA 3.56
Stanford GSB | Ms. East Africa Specialist
GMAT 690, GPA 3.34
Berkeley Haas | Mr. Hanging By A Thread
GMAT 710, GPA 3.8
Harvard | Mr. Nonprofit Social Entrepreneur
GMAT 740, GPA 3.7
Chicago Booth | Ms. Start-Up Entrepreneur
GRE 318 current; 324 intended, GPA 3.4
Duke Fuqua | Ms. Health Care Executive
GMAT 690, GPA 3.3
Harvard | Mr. Professional Boy Scout
GMAT 660, GPA 3.83
IU Kelley | Mr. Construction Manager
GRE 680, GPA 3.02

Who Wants To Be An MBA Billionaire? Here’s The Schools With The Most Super-Rich Alums

Harvard Business School has produced the most MBA billionaires in the world

For years, one of the most popular game shows ever was Who Wants to Be a Millionaire? The long-running show, which also led to the entertaining movie Slumdog Millionaire, captured the imagination of millions ever since it aired in syndication in the early 2000s.

But let’s face it, a million isn’t what it used to be, and for most graduates of the top MBA programs, it is mere chump change. If you want to really get serious about net worth, you need to look at billionaires–not millionaires.

So which of the world’s business schools produce the most billionaire MBAs? Predictably, Harvard Business School sits comfortably on the top of the wealth creation game. With an estimated 64 billionaire alumni, Harvard’s MBA program has produced nearly three times more billionaire graduates than that of Stanford University, according to a tally by Wealth-X back in 2014. Among the Harvard MBAs in the billionaire club is none other than Michael Bloomberg, who earned his MBA from HBS in 1966 and is currently worth an estimated $48 billion.

U.S. BUSINESS SCHOOLS DOMINATE THE LIST MOST BILLIONAIRE MBA ALUMS

Stanford could lay claim to 23 super-rich MBA grads, followed by Columbia Business School (14), Wharton (12), Chicago Booth (10). American business schools dominate the list, taking seven of the top 10 spots. Only three institutions are based outside the United States: INSEAD in France, International Institute for Management Development in Switzerland, and London Business School in the United Kingdom. The first non-U.S. business school, INSEAD, to make the list comes in at sixth place with nine billionaries (see table below).

It’s notable that schools known for having strong reputations in finance tend to dominate the top ten because, despite the emergence of technology in the last quarter of a century, more billionaires earned their wealth in finance than any other field. The fact that four of the top ten schools are in the northeast reflects the strong showing of New York as the epicenter of wealth. New York remained the dominant billionaire city, with a solid rise in its billionaire population in 2019. There was a net increase of eight billionaires in 2019, lifting the total to 113 individuals,

Wealth-X, an ultra-high net worth intelligence and prospecting firm, tracks the rich on an annual basis, creating a census of the world’s billionaires. While the organization has not updated its MBA list, you can expect all the numbers to have gone up and the top ten business schools to have remained the top ten. In the latest net worth census published in 2020, the number of billionaires in the world rose by 8.5% to 2,825 individuals, while their combined wealth was boosted by 10.3% to total $9.4 trillion.

ONE IN FIVE OF THE WORLD’S BILLIONAIRES HAVE AN MBA DEGREE

Roughly 21% of the world’s billionaires who have pursued tertiary-level education have an MBA, according to Wealth-X. Nearly half of these individuals obtained their MBAs from the 10 institutions that make the list. Some of their names are well-known. Consider Philip Knight, the founder and chairman of Nike, Inc., who earned his MBA from Stanford in 1962. His estimated net worth in 2020 is roughly $29.5 billion, according to Forbes. That makes his very generous gift to his MBA alma mater of $105 million in 2006 seem puny.

The same cannot be said of David Booth who ponied up the largest single gift to a business school ever, a $300 million naming gift to the University of Chicago’s business school in 2008. He co-founded Dimensional Fund Advisors in 1981, ten years after graduating with his MBA from Chicago in 1971, applying academic theory to real-world investing. His current net worth is just $1.8 billion.

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.