The World’s Richest People and their Tertiary Educations

24th of March, 2008

On face value my university degree seems and feels worthless. I’ve already learnt, have real world experience with and have a job doing what I’m being taught. The majority of my lecturers are simply graduates of my degree just a few years ahead and the content is outdated — “don’t use serif type on screen” used to be applicable but we’re now in an era where a device dedicated to reading sets type in a serif face. Anyway, I thought it’d be interesting to see how many of the world’s richest people are also university graduates, this is the top 20.

Disclaimer: The majority of this “research” is entirely taken from Wikipedia, trust it as much as you trust Wikipedia. Net worth is listed in US Dollars.

# Name Net Worth Graduate Institution Notes
1 Warren Buffet 62 billion YES Columbia University Also attended the University of Pennsylvania and the University of Nebraska
2 Carlos Slim Helú 60 billion YES National Autonomous University of Mexico
3 Bill Gates 58 billion NO Attended Harvard but dropped out
4 Lakshmi Mittal 45 billion YES St. Xavier’s College
5 Mukesh Ambani 43 billion YES University of Mumbai Also holds an MBA from Stanford Business School
6 Anil Ambani 42 billion YES University of Mumbai Also holds an MBA from the University of Pennsylvania
7 Ingvar Kamprad 31 billion NO
8 Kushal Pal Singh 30 billion YES Meerut College Also an alumnus of the Indian Military Academy
9 Oleg Deripaska 28 billion YES M.V. Lomonosov Moscow State University Also holds an economics degree from Plekhanov Academy of Economics
10 Karl Albrecht 27 billion NO Extremely limited information, from the information I could find, I’m guessing no
11 Li Ka-shing 26.5 billion NO Left school at 15
12 Sheldon Adelson 26 billion NO
13 Bernard Arnault 25.5 billion YES École Polytechnique
14 Lawrence Ellison 25 billion NO Dropped out of University of Illinois at Urbana-Champaign and the University of Chicago
15 Roman Abramovich 23.5 billion YES Moscow State Law Academy Earned by correspondence
16 Theo Albrecht 23 billion NO
17 Liliane Bettencourt 22.9 billion NO Inherited L’Oréal from her father
18 Alexei Mordashov 21.2 billion YES Leningrad Engineering-Economical Institute Also holds an MBA from Northumbria University
19 Prince Alwaleed Bin Talal Alsaud 21 billion YES Menlo College Also holds a Masters degree from Syracuse University and an honorary PhD from the University of Exeter
20 Mikhail Fridman 20.8 billion YES Moscow Institute of Steel and Alloys

12 out of 20 or 60% of the world’s richest people are university graduates. Just as you can’t conclude that the lack of a university degree guarantees you’ll be unsuccessful, you can’t conclude that having a degree guarantees success. It’s important to note that billions of dollars (or money at all) does not equate to success or happiness, it’s just the only thing we have available to measure.