University of Pennsylvania
This university has launched the careers of 36 billionaires whose combined net worth is estimated at $367 billion. Among them are notable personalities such as Elon Musk, Donald Trump, and Apollo co-founders Marc Rowan and Josh Harris. The University of Pennsylvania also played a significant role in the lives of the Estee Lauder heirs, including Leonard, William, Aerin, and Ronald Lauder, who studied there for over four decades. Leonard and Ronald Lauder established the Lauder Institute at the university, offering joint MBA and international research master's programs.
Stanford University
Located in the heart of Silicon Valley, Stanford University has educated 30 billionaires with a combined net worth of $90 billion. Notable alumni include Andy Fang and Stanley Tang, founders of the food delivery service DoorDash, as well as Evan Spiegel and Bobby Murphy, creators of Snapchat. Among the graduates in banking and finance are Charles Schwab, Richard Fairbank, and Scott Krase. Jerry Yang, who completed his bachelor's and master's degrees at Stanford, founded Yahoo, interrupting his graduate studies. He is currently the chairman of the university's board of directors.
Harvard University
Harvard University is the alma mater of 28 billionaires with a combined net worth of $261 billion. Among its graduates are former Microsoft CEO Steve Ballmer, Airbnb co-founder Nathan Blecharczyk, and investor Ken Griffin. Additionally, Harvard educated, though not always graduated, some famous billionaires: Microsoft founder Bill Gates and Facebook founder Mark Zuckerberg. Interestingly, Mark Zuckerberg later donated $519 million to his alma mater to establish the Kempner Institute, specializing in the study of natural and artificial intelligence.
Yale University
Yale University has produced 19 billionaires with a combined net worth of $149 billion. Fred Smith, the founder of the cargo airline FedEx, owes his career to Yale University. He wrote an economics paper as a student that became the foundation for his business. Besides, Yale alumni include three heirs of the food giant Mars, oil tycoons Lee, Edward, Robert, and Sid Bass, Pinterest founders Ben Silbermann and Paul Sciarra, and Blackstone CEO Stephen Schwarzman, who donated $150 million to his alma mater to create a new campus.
Cornell University
Cornell University has contributed to the careers of 13 billionaires with a combined net worth of $60.4 billion. Among them are heirs of the Johnson & Johnson cosmetics empire, who donated $150 million to their university in 2017 to develop the SC Johnson College of Business. Notable Cornell graduates also include PeopleSoft and Workday co-founder David Duffield and Sequoia Capital venture partner Douglas Leone.
Economic inequality remains one of the most pressing issues in today's world. To measure the gap between the rich and the poor in each country, the Gini index is used. This coefficient reflects how income is distributed within a society: the closer the index is to 100, the greater the inequality. Let's explore which countries currently have the highest Gini index values
This year has been pivotal for Bitcoin, the world's leading cryptocurrency. One of the key milestones was the approval of Bitcoin spot ETFs by the US Securities and Exchange Commission. In April 2024, Bitcoin also experienced a halving event, which is typically seen as a positive development for the digital asset. This year, the cryptocurrency is up 57%, and analysts remain optimistic about its future. However, they highlight four key factors that could influence Bitcoin's trajectory, both for better and for worse
Analytical periodical US News and World Report has presented its ranking of the best countries in the world in terms of quality of life, based on a survey of nearly 17,000 people. The list considers factors such as economic and political stability, a strong labor market, income equality, family-friendliness, safety, the quality of education, and healthcare systems. Let's find out which countries made it to the top of this list.
