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Top 1% of Harvard grads richer than America's 1%

Harvard University campus in Cambridge, Massachusetts.
Michael Fein | Bloomberg | Getty Images
Harvard University campus in Cambridge, Massachusetts.

Harvard has topped many of the "rich lists" that rank universities: Richest endowment, most billionaire graduates, richest students. Now, it adds another rich distinction: The largest number of alumni worth $30 million or more.

According to a new report from Wealth-X, 3,130 of Harvard's alumni are "ultrahigh net worth individuals" worth at least $30 million—the most of any university. That's about 1 percent of its total graduates.

By comparison, the top 1 percent of all Americans by wealth have a minimum net worth of around $7.8 million—meaning the richest 1 percent of Harvard grads are nearly four times as wealthy as the richest 1 percent of Americans.

The cause and effect, of course, is unclear. Are alumni rich because they went to Harvard, or does Harvard have a larger number of students who are already wealthy?

Either way, wealth in America is highly concentrated among the top universities. According to Wealth-X, the top 10 schools for ultrahigh net worth alums account for 5 percent of the world's 211,275 people worth $30 million or more.

Here are the top 10 schools for ultra-wealthy alumni.

Top 10 schools for ultra-wealthy alumni

Rank
Name of institution
UHNW alumni population
1 Harvard University 3,130
2 University of Pennsylvania 1,580
3 Stanford University 1,240
4 Columbia University 940
5 New York University 860
6 Massachusetts Institute of Technology (MIT) 670
7 University of Chicago 665
8 Northwestern University 575
9 Yale University 570
10 Cornell University 560
Wealth-X