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Mitchell_Porter comments on Why are Harvard's alumni so wealthy? - Less Wrong Discussion

11 Post author: JonahSinick 15 March 2014 06:47PM

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Comment author: Mitchell_Porter 15 March 2014 10:39:42PM *  1 point [-]

Am I blind or does the linked article not even say who compiled the list?

WealthX.com made a similar list based only on billionaire alumni. "Harvard has graduated some 52 billionaires, with a collective fortune of $205 billion". Compare the figures above: "Harvard has 2,964 alumni worth $200+ million, with a total wealth of $622 billion".

So Harvard has almost 3000 alumni with individual wealth of $200m-$1bn, collectively worth $420 billion; and then it has about 50 alumni with individual wealth >$1bn, collectively worth $205 billion. The average individual in the second group is about thirty times as wealthy as the average individual in the first group.

But wait! Jonah mentioned Gates ($75bn) and Zuckerberg ($30bn). So just two of the Harvard billionaires, are worth as much as the other 50 Harvard billionaires combined. And one of those two, Gates, has more than twice the wealth of the guy in second place.

To sum up: (Gates > Zuckerberg) > (50 lesser billionaires) > (a thousand lesser "hundred-millionaires") > you

Comment author: Douglas_Knight 16 March 2014 01:31:17PM *  1 point [-]

3000 alumni with individual wealth of $200m-$1bn, collectively worth $420 billion

3000 * $200 m = $600 b, lower bound.

I don't have any conclusion to draw from this. Added: actually, I think the answer is that the Daily Mail is misquoting wealthx and the 3000 alumni have at least $30m.

Comment author: JonahSinick 15 March 2014 11:16:51PM 0 points [-]

This list appears to have been compiled by WealthX as well (I found references to it by Googling).