Forbes released its annual ranking of the 400 wealthiest people in the United States, and Penn can once again boast about having the most alumni out of any university on the list.
Nineteen Penn graduates graced the 2018 Forbes 400. Yale University had the second most with 13 alumni on the list. Stanford University and the University of Southern California tied for the third with 12 graduates each in the rankings, Philly Magazine reported.
In order to make the list this year, individuals had to have a minimum net worth of $2.1 billion.
1985 College and Wharton graduate Laurene Powell Jobs ranked as the highest earning Penn graduate with a net worth of $20.5 billion, which earned her the No. 20 spot in the annual list. Powell is the founder and chair of the Emerson Collective, an organization specializing in social justice campaigns that target immigration reform, health care, and environmental change through entrepreneurship. She is the widow of Apple cofounder Steve Jobs.
The list also included Penn alumni like 1997 Wharton and College graduate Elon Musk, who ranked the No. 24 richest American with a net worth of $19.6 billion, and Ronald Perelman, who received both a bachelor's and master's degree from Wharton in 1964 and 1966 respectively. Perelman was ranked the No. 49 richest with a net worth of $9.4 billion.
Warren Buffett, who enrolled in Wharton in 1947 before transferring to the University of Nebraska-Lincoln two years later, was ranked No. 3 on the list with a net worth of $88.3 billion.
Former Penn trustee Steve Wynn was ranked No. 271 with a net worth of $3 billion. After allegations of his decades-long pattern of sexual misconduct emerged last February, Penn officially revoked his 2006 honorary degree and removed the name “Wynn Commons” from the outdoor area near Houston Hall.
President Donald Trump, a 1968 Wharton graduate, was ranked No. 259 with a net worth of $3.1 billion.
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