UM - Among top 20 US universities w/ wealthiest alumni

[canesproponent]

Wealth-X ranked the top 20 US colleges with the most ultra-high-net-worth (UHNW) alumni in its new report, " The University of Ultra High Net Worth Alumni Rankings 2019." The report analyzed the Wealth-X database to look at the relationship between education and wealth levels across universities worldwide.

Wealth-X reported the actual number of UNHW individuals known to hold a degree from each institution and then calculated a projected estimate to predict the number of alumni with the total global UHNW population. Wealth-X defines ultra-high-net-worth individuals as those with assets exceeding $30 million and included both undergraduate and graduate alumni with degrees.

18. University of Miami is located in Coral Gables, Florida.

Estimated ultra-high-net-worth population: 1,700

Estimated combined wealth of all UHNW graduates: $309 million
______________________________________________________________________________________________________________________________

This is why UM will never fund a Foundation nor play the "bag name". Manny needs to start showing parents this study. Only 7% of college football will ever earn a salary from the NFL. UM is the perfect hedge! Train with the best and rely on a first rate education when football ends................ Neither Georgetown, Vanderbilt, Brown, Dartmouth nor Duke made the list!

The top 20 US universities with the wealthiest alumni, ranked

Where you attend college can influence future earnings. Ivy Leagues, private universities, and California schools produce the wealthiest individuals.

www.businessinsider.com

 

[dk72]

Wealth-X ranked the top 20 US colleges with the most ultra-high-net-worth (UHNW) alumni in its new report, " The University of Ultra High Net Worth Alumni Rankings 2019." The report analyzed the Wealth-X database to look at the relationship between education and wealth levels across universities worldwide.

Wealth-X reported the actual number of UNHW individuals known to hold a degree from each institution and then calculated a projected estimate to predict the number of alumni with the total global UHNW population. Wealth-X defines ultra-high-net-worth individuals as those with assets exceeding $30 million and included both undergraduate and graduate alumni with degrees.

18. University of Miami is located in Coral Gables, Florida.

Estimated ultra-high-net-worth population: 1,700

Estimated combined wealth of all UHNW graduates: $309 million
______________________________________________________________________________________________________________________________

This is why UM will never fund a Foundation nor play the "bag name". Manny needs to start showing parents this study. Only 7% of college football will ever earn a salary from the NFL. UM is the perfect hedge! Train with the best and rely on a first rate education when football ends................ Neither Georgetown, Vanderbilt, Brown, Dartmouth nor Duke made the list!

The top 20 US universities with the wealthiest alumni, ranked

Where you attend college can influence future earnings. Ivy Leagues, private universities, and California schools produce the wealthiest individuals.

www.businessinsider.com

Saw that too, was going to post it but you beat me to it! Very interesting.

 

[Warrior808]

Also have to keep in mind a lot of these state schools on the list have huge alumni bases. If you went by average wealth per student Miami would shoot past most if not all of them.

 

[SPAMM]

There is something screwed up in that article. If you do the simple division of $309,000,000 by 1700 you get $181,000. Thats peanuts and many middle class families have more than that in their retirement accounts. And by their own definition of $30 million, it only takes 10 people to get to $300 million.

 

[YUMU]

Can this convert to big up bags??????

 

[canesproponent]

Saw that too, was going to post it but you beat me to it! Very interesting.

By the time I am 80, UM may be more selective than Duke or Georgetown........ They have $1.5 billion in research at their biotech center. If something "hits", the school will be flush.

 

[duke4heisman]

Just skimmed over this but does it say we have 1700 alumni worth at least 30 million?! They must not be football fans!

 

[canesproponent]

Can this convert to big up bags??????

No. It prevents "bags". The school will not condone anything that could tarnish its recent image. They abhor the "Suntan U" moniker and have been trying to eradicate it for over 40-years.

I could see UM suing a "UM Foundation". If you wish to donate, then you follow the Carol Soffer (sic) model. You give to the Athletic Department and publicly announce the intention. If you simply wish to donate and have no given objective, then you donate directly to the Athletic Department.

 

[ajkreider]

There is something screwed up in that article. If you do the simple division of $309,000,000 by 1700 you get $181,000. Thats peanuts and many middle class families have more than that in their retirement accounts. And by their own definition of $30 million, it only takes 10 people to get to $300 million.

Yeah, this can't be right. Lemonis is worth almost a billion by himself. Maybe they meant 300 billion.

 

[ATLCANE09]

Wealth-X ranked the top 20 US colleges with the most ultra-high-net-worth (UHNW) alumni in its new report, " The University of Ultra High Net Worth Alumni Rankings 2019." The report analyzed the Wealth-X database to look at the relationship between education and wealth levels across universities worldwide.

Wealth-X reported the actual number of UNHW individuals known to hold a degree from each institution and then calculated a projected estimate to predict the number of alumni with the total global UHNW population. Wealth-X defines ultra-high-net-worth individuals as those with assets exceeding $30 million and included both undergraduate and graduate alumni with degrees.

18. University of Miami is located in Coral Gables, Florida.

Estimated ultra-high-net-worth population: 1,700

Estimated combined wealth of all UHNW graduates: $309 million
______________________________________________________________________________________________________________________________

This is why UM will never fund a Foundation nor play the "bag name". Manny needs to start showing parents this study. Only 7% of college football will ever earn a salary from the NFL. UM is the perfect hedge! Train with the best and rely on a first rate education when football ends................ Neither Georgetown, Vanderbilt, Brown, Dartmouth nor Duke made the list!

The top 20 US universities with the wealthiest alumni, ranked

Where you attend college can influence future earnings. Ivy Leagues, private universities, and California schools produce the wealthiest individuals.

www.businessinsider.com

The math is not adding up for this report.... If 1,700 have $30MM+ that is $51B in wealth. At $309M divided by 1,700, that is only $181K per person.....

 

[canesproponent]

The math is not adding up for this report.... If 1,700 have $30MM+ that is $51B in wealth. At $309M divided by 1,700, that is only $181K per person.....

Write to Business Insider. Founder is Blodget, the former equity analyst at Merrill that put a 10,000 PT on Amazon and $1,000 PT for MSFT. They barred him from the industry after the internet bubble burst and he founded this site.

[It is actually a great site. A "watered down" version of the Journal.]

 

[OriginalCanesCanesCanes]

Yeah, this can't be right. Lemonis is worth almost a billion by himself. Maybe they meant 300 billion.

Lemonis is not an alumnus

 

[Hurricane23]

I’m confused as to why we can’t play the bag game then...

 

[Umbra]

Also have to consider the location of the university and where the alumni will get jobs. Alumni are more likely to stay in the area for work. Jobs in cities like Miami tend to pay a bit more than the same job in Columbia, SC lol.

 

[mirvin88]

Show us the bag game

 

[Poptimus]

Everyone thinking "bags" when reading OP's post. I did, too.

The guys who drop bags oftentimes aren't alums. They're just rabid fans.

 

[fraggle]

Just "The Rock" is worth 200 million...

 

[Hemsleysalmons]

$30 mill net worth is not a figure that should impress people. In today’s boom economy many entrepreneurs, entertainers and athletes are worth $100,000,000’s.+ Tiger Woods, grad of Stanford is worth about $500,000,000. Ross, owner of Dolphins, grad of University of Michigan, has net worth in billions. Phil Knight of Nike is worth in excess of 30 billion dollars. The U does not attract the type students that major in business and go on to become giants in starting up innovative ground breaking companies. It is in that area where the multi-billionaires make their mark.

 

[DTP]

Most of the student body at UM comes from wealthy families. Someone's gotta sign those tuition checks.

 

[TheOriginalCane]

There is something screwed up in that article. If you do the simple division of $309,000,000 by 1700 you get $181,000. Thats peanuts and many middle class families have more than that in their retirement accounts. And by their own definition of $30 million, it only takes 10 people to get to $300 million.

It's weird, but look at their definitions.

$30 million of assets. OK.

Then, net wealth. Net wealth would be assets - liabilities, one would assume. Thus, you could have $30 million in assets and $29.8 million in liabilities?

Again, that does seem screwy.