In looking for a university to attend, you are probably considering such factors as location, reputation, faculty and majors. But are you considering a school’s wealth
The wealthier the university, the better its facilities are likely to be, and better facilities mean more up-to-date technology and research opportunities. Moreover, richer schools tend to attract a world-class faculty, and usually have more scholarship moneys to distribute, sometimes even waiving tuition costs entirely for students in financial need.
Though a university’s wealth typically comes from donations of money, people and charitable foundations also donate such things as land, buildings, artwork, rare books and documents, and other things of high monetary value. The following Universities are considered the 12 richest in the world.
1. Harvard University – $32.7 Billion
Claiming the number one spot in both wealth and as the best university in the world, Harvard University is flowing with riches thanks to its accumulation of land, art, books, and generous alumnae. Donors include Bill Gates, the NFL, and a Rockefeller, just to name a few.
2. University of Texas – $25.4 Billion
Splayed throughout Texas in a system of nine schools, the University of Texas can kick its heels up in its high net worth. Its flagship school sits in Austin, and has received donations from many independent donors. Additionally this high class college system has a deal with ESPN worth about $300 million.
3. Yale University – $23.9 Billion
Ivy league in education and wealth, Yale University has achieved most of its riches through the traditional route, meaning it has many large and luxurious assets. In recent years, Yale alumnae has chosen to give large sums of gratitude in the form of money to the university as well, from smaller donations up to $50 million or even $250 million.
4. Princeton University – $20.7 Billion
The richness of Princeton University seems to roll off the tongue. Ranked as the sixth best university in the world, it’s no doubt Princeton hails in the big bucks thanks to its esteemed graduating class, which includes the founders of Amazon and eBay. Princeton also houses a world-renowned art museum stuffed with artwork from Vincent Van Gogh, Claude Monet and Andy Warhol.
5. King Abdullah University of Science and Technology – $20 Billion
Founded in 2009 in Saudi Arabia, the King Abdullah University of Science and Technology (KAUST) quickly jumped to one of the wealthiest universities in the world thanks to a hefty donation by King Abdullah himself. Now well known as the ‘House of Wisdom’ and referred to as the Arab MIT, KAUST has doubled its net worth and has secured its progressive roots as the first co-ed campus in the region.
6. University of California – $13.1 Billion
Home to ten campuses and loads of land, University of California is a system of success. Five of the campuses are listed in the top 50 universities across America, and is one of the favorites for public education. Its wealth is supplied mostly by the lay of its land, but also thanks to donors and program sponsors like The Hewlett Foundation and BP.
7. Massachusetts Institute of Technology – $12.4 Billion
Its first donation left by a mysterious donor named only Mr. Smith helped put the Massachusetts Institute of Technology (MIT) on the university map. The secret sir was later discovered to be the owner of Kodak, and it was then that MIT took its technological turn to become the leader of science, technology, and a wealth of wealth.
8. Texas A&M University – $11.1 Billion
Situated among eleven campuses lies the Texas A&M University’s wealth. They have become well known for their research backed programs, which includes support from NASA and The National Institute of Health. You will also find them rich with books at the George H.W. Bush Presidential Library and Museum.
9. Northwestern University – $9.78 Billion
With three campuses in Evanston and Chicago, Illinois, and Doha, Qatar, Northwestern University is a well known name when it comes to wealth. They find richness in their esteemed educational programs, such as the Kellogg School of Management and the Feinberg School of Medicine.
10. University of Michigan – $8.27 Billion
Established in Ann Arbor, Michigan, the story of University of Michigan’s wealth started back with Henry Ford. With support of the Ford Motor Company and a dedicated decade long fundraising campaign, University of Michigan continues to fill up on all kinds of riches.
11. Columbia University – $8.2 Billion
Surprisingly supported by lottery funds is where Columbia University began its journey. Being a largely known research university, the shift to wealthy self sufficiency quickly came, and now Columbia runs a host of patent programs to keep the funds rolling in.
12. University of Cambridge – $8.1 Billion
Hands down the richest university in Europe, the University of Cambridge sits on a large piece of 800-year old history in the United Kingdom. With large numbers of high-achieving alumnae who give back, and a lump sum from Bill Gates to offer international student scholarships, the University of Cambridge is lucky, and wealthy, number 10 on the list of the richest universities in the world.