Mumbai University has more super-rich alumni than Cambridge or Brown

[Rangila]

LONDON: The University of Mumbai has more multi-millionaires as alumni than the University of Cambridge or Brown University. And if universities from the US are excluded, it is second only to Oxford in the number of students who have gone on to become super-rich.

Mumbai University is the only Indian entry in a top 20 graduate 'rich list' that has ranked universities that will make you a millionaire. With 372 multi-millionaires (net worth: $37 billion) as alumni, it is ranked 18th in the list. Delhi University also finds mention: though it does not figure in the top 20 list, it has 229 super-rich alumni.

According to research by wealth analyst Wealth-X, Harvard boasts of the highest number of rich alumni globally: 2,964 multi-millionaires worth a total of $622 billion. Harvard is also the alma mater of 52 billionaires, the largest number of billionaire alumni.

The list was compiled by counting the number of former students from each university who are believed to be worth at least £20 million, taking into account their earnings, properties and other assets.

Oxford tops the list from the UK with 401 super-rich graduates, but Cambridge has more billionaires. The list, which is dominated by American universities, has Oxford at No. 16 and Cambridge at No. 19.

"University of Mumbai has the highest percentage of ultra high net worth (UHNW) alumni who have inherited their wealth at 27% as well as the highest percentage of UHNW alumni who have inherited wealth and proceeded to create fortunes of their own at 29%," the study says. So, 44% of multi-millionaire alumni from Mumbai University are "self-made."

One of India's oldest universities, it was established in 1857 and boasts of alumni such as Reliance Industries Ltd chairman Mukesh Ambani and cricket icon Sunil Gavaskar.

Mumbai University has more super-rich alumni than Cambridge or Brown - The Times of India

 

[Icewolf]

Just another example of the over-the-top inequal wealth distribution in India.

And you guys are proud of this?

 

[Shinigami]

Just another example of the over-the-top inequal wealth distribution in India.

And you guys are proud of this?

it just shows the level of several indian colleges, something you could have enjoyed if your family stayed in Gujrat

 

[Android]

it just shows the level of several indian colleges, something you could have enjoyed if your family stayed in Gujrat

you seriously comparing the level of MU with that of Cambridge

 

[Shinigami]

you seriously comparing the level of MU with that of Cambridge

since they produced more millionares, they must have done something right

 

[Mian H Amin.]

All respect, but i would wish if Mumbai university compare Cambridge, oxford, or even University where i am Stydying "University of London" in respect to quality of study and ranking.

 

[IndoCarib]

All respect, but i would wish if Mumbai university compare Cambridge, oxford, or even University where i am Stydying "University of London" in respect to quality of study and ranking.

Ultimately the aim of education is find a job , make a living and make money, right ?? So on this count, MU beat Cambridge, Oxford.

Same with IITs. More IIT alumni have become CEOs of MNCs world over. Probably next to Harvard.

 

[cleverrider]

How much of their wealth was inherited?

You will find most of these that students already come from a wealthy background. Same applies to Cambridge/oxford/kings college/harvard/UCL and so on.

Also Now compare this list with the millionaires that have not been to a university.

 

[IndoCarib]

How much of their wealth was inherited?

You will find most of these that students already come from a wealthy background. Same applies to Cambridge/oxford/kings college/harvard/UCL and so on.

Also Now compare this list with the millionaires that have not been to a university.

"University of Mumbai has the highest percentage of ultra high net worth (UHNW) alumni who have inherited their wealth at 27% as well as the highest percentage of UHNW alumni who have inherited wealth and proceeded to create fortunes of their own at 29%," the study says. So, 44% of multi-millionaire alumni from Mumbai University are "self-made."

 

[notsuperstitious]

Can't think of a more stupid dimension of quality measurement of a university.

Although the self made part is valid.

 

[kaykay]

lols...a proud student of 'Mumbai University'...hope I'll join the list too........haha..

 

[Developereo]

How did these people make their money?

If you look at the world's richest people, many of them sell cheap products to lots of people (Aldi, Walmart, Microsoft, etc.), rather than expensive products to a few people.

Point being, in India, even if you sell matches, you can become a millionaire because there are so many customers.

 

[Shinigami]

How did these people make their money?

If you look at the world's richest people, many of them sell cheap products to lots of people (Aldi, Walmart, Microsoft, etc.), rather than expensive products to a few people.

Point being, in India, even if you sell matches, you can become a millionaire because there are so many customers.

it goes the other way around as well.
there will be as many people trying to sell matches

 

[neehar]

Just another example of the over-the-top inequal wealth distribution in India.

And you guys are proud of this?

unequal wealth distribution???do you know that inequality in india is less than what u.s,u.k,china,singapore and many other socalled developed nations has??theres is something called gini index if u ever heard of it.
GINI index by Country

 

[Skull and Bones]

since they produced more millionares, they must have done something right

No, because University is in the financial capital of India and all the millionaires send their kids in MU for their bachelors. Ask @kaykay here, another millionaire.