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October 19, 2023 at 02:41 PM
A quarter of the world’s more than 28,000 ultra-wealthy individuals, those with investable assets of $100 million or more, received their educations at just 20 universities, according to the 2023 Centi-Millionaire Report, published by Henley & Partners.
Eleven of the top 20 universities whose graduates have gone on to become centimillionaires are located in the United States, four are in the United Kingdom, two each are in China and France, and one is in Japan.
The report from the wealth and investment migration advisory firm, citing data gathered by Study.eu in 2021, said that 36% of the world’s top chief executives studied abroad, and two-thirds have a masters degree or a doctorate.
Juerg Steffen, Henley & Partners’ CEO, said in a statement that the $100-million-plus band represents today’s best definition of what it means to be super-wealthy. This is up from the $30 million that most banks in the late 1990s considered the assets needed to meet this status.
“However, asset prices have risen significantly since then, making $100 million the new benchmark,” Steffen said.
Henley & Partners’ research showed that 38% of centimillionaires live in the United States, with China and India also counting significant numbers. A third of this elite group live in 50 global cities.
See the accompanying gallery for the top 20 universities that have educated the world’s centimillionaires.
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