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Mumbai University Stands Richest For Alumni Records in India

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Mumbai University- rich in alumni record
A recent survey 'University UHNW Alumni Rankings' conducted by Wealth-X has revealed that Mumbai University stands richest in Alumni records across India. It is also ranked 18th in the 'Global Universities Alumni Rankings' held in February-2013.

Ranked 18th, the University of Mumbai is the only Indian school to make it into the top 20 schools on the list, thanks to its 372 multimillionaire graduates (whose combined net worth amounts to U.S. $37 billion). The findings come from a report on the world's Ultra High Net Worth Individuals (UHNWIs) by wealth analyst Wealth-X, which also shows that the 229 UHNWIs have come out of the University of Delhi.

The most interesting fact is that more multimillionaires have passed through the divine halls of University of Mumbai than the elite University of Cambridge and Brown University.

According to the report, excluding American universities, the prestigious Indian institution comes in second only to Oxford in its number of mega-rich alumni and is far and away Asia's most dependable incubator for the wealthy, including Reliance Industries chairman Mukesh Ambani and Sunil Gavaskar.

The report notes that the school has the most UHNW alums who have inherited their fortunes as well as the most graduates who have both inherited their money and gone on to build wealth of their own. Also worth noting, the University of Monash has the highest number of female UHNW alumni of any university outside the United States, at 17 percent of its rich graduates.

The list was dominated by U.S. institutions, with Harvard in the first place worldwide with its 2,964 multi-millionaires and a whopping 52 billionaires. Universities in the UK also make a strong showing, where Oxford tops the list with 401 richest graduates.

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