Mumbai University produced more billionaires than MIT, New York University

Mumbai, Oct 24: India's very own University of Mumbai has left prestigious Massachusetts Institute of Technology (MIT) and New York University (NYU) behind in producing maximum number of billionaires, says Wealth-X and UBS Billionaire Census 2014.

The University of Mumbai also happens to be the only Indian varsity to feature in the list and is amongst the top 10 varsities from across the world.
Wealth-X, in association with UBS, has released Billionaires census 2014 that shows India's University of Mumbai has produced more billionaires than several reputed varsities in the USA and UK.

The Maharashtra-based university features at the ninth place, in the list of top 20 varsities all over the world, and has produced 12 billionaires. University of Pennsylvania tops the table by producing 25 billionaires followed by Harward which gave 22 billionaires. The census also reveals that

An interesting data revealed by this census shows that 35% of the 2,325 billionaires in the world have not obtained a tertiary-level degree. The study also suggests that higher education is not a precondition to becoming a billionaire.

As per the official website, Wealth-X is the world's leading ultra high net worth (UHNW) intelligence and prospecting firm with the largest collection of curated research on UHNW individuals, defined as those with net assets of US $30 million and above.

The firm's Wealth-X Professional solution is the standard for financial institutions, not-for-profit organisations and luxury brands working with the ultra affluent.

Headquartered in Singapore, Wealth-X has 13 offices on five continents.

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