One In Four Self-Made American Billionaires Dropped Out Of University

One in four self-made American billionaires dropped out of college

Bloomberg crunched the numbers on "self-made" billionaires in the US and found that about a quarter of them were college dropouts. Ten of America's 43 self-made billionaires dropped out. One, Harold Hamm, never even attended college.

College drop-outs (estimated worth):

  • Sheldon Adelson dropped out of City College of New York ($US36.4 billion)
  • Paul Allen dropped out of Harvard ($US16.2 billion)
  • Andy Beal dropped out of Baylor University ($US11.1 billion)
  • Michael Dell dropped out of University of Texas ($US15.3 billion)
  • Larry Ellison dropped out of University of Chicago ($US52 billion)
  • Bill Gates dropped out of Harvard ($US81.6 billion)
  • Jan Koum dropped out of San Jose State University ($US7.5 billion)
  • Thomas Peterffy dropped out of an unspecified university ($US6.4 billion)
  • Jack Taylor dropped out of Washington University ($US11.4 billion)
  • Mark Zuckerberg dropped out of Harvard ($US33.1 billion)

Of those who graduated, the University of Pennsylvania has produced the most self-made billionaires currently alive in the US. Four billionaires, including Charles Butt, Steve Cohen, Elon Musk and Ronald Perelman all got their degrees from Penn.

Next in line is MIT, producing three self-made billionaires: Charles Koch, David Koch and Jim Simons. Princeton also produced three: Jeff Bezos, Carl Icahn and Eric Schmidt.

Harvard graduated Steve Ballmer and George Kaiser. Yale graduated Steve Schwarzman and John Malone.

The other self-made billionaires on the list include George Soros, Ray Dailo, Len Blavatnik, John Paulson, Jim Goodnight, Pierre Omidyar, Phil Anschutz, Sergey Brin, Larry Page, Richard Kinder, Warren Buffett, Phil Knight, Rupert Murdoch, David Tepper, Charlie Ergen, Donald Bren, John Menard Jr, Patrick Soon-Shiong. If you'd like to know where these men went to school you can check out Bloomberg.

And one self-made American billionaire stands alone as never having attended university at all: Harold Hamm, the oil tycoon worth an estimated $US20.2 billion, most well known for developing the Bakken formation that stretches through North Dakota and into Canada. Hamm is currently in divorce proceedings which could potentially result in the largest divorce judgement of all time.

Picture: Mark Zuckerberg at the Facebook f8 conference in San Francisco, April 30, 2014, via Justin Sullivan/Getty Images

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Comments

    "Other selfmade billionaires" + "Rupert Murdoch" lol!
    I suppose starting out already super wealthy is irrelevant...

      +1
      Yes considering how much it costs to even get into some universities in the US. Years ago a uni I applied to required a 50K donation with my application - with no guarantee that I'll actually get in. (No, I didn't apply.)

      BTW how many of these guys can say that they earned their extreme wealth in an ethical manner?

    Peter Gregory would approve of this article.

    Note to the mathematically challenged:

    "1 in 4 'self made' billionaires is a college dropout" does not mean you have a 1 in 4 chance of becoming a billionaire if you drop out of college.

    I'd be more interested in hearing their views on dropping out. I'm guessing even in a list that successful there would be a solid group of people who wish they didn't quit, even if they don't regret the decision itself. I wonder how many would let their children leave school early.

    Another take away from this is that they made it to these colleges and dropped out. So your high school drop out doesn't necessarily qualify.

    "One In Four Self-Made American Billionaires Dropped Out Of University"

    So that means you're 3 times more likely to become a billionaire if you don't drop out of Uni.
    Stay in school kids!

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