When it comes to assessing a university’s influence, power and prestige, a key consideration has to be financial clout. The richer the institution, the more it can afford excellent facilities and up-to-date technology – and more money allows the university to undertake further important research. Universities can also use their fiscal power – which is often boosted by individual donations of money – to set up scholarships or attract some of the best educators out there to teach at their schools. Here we look at the 50 wealthiest universities in the world, ranked according to financial endowment – which is the financial trust available to each college through cash or other assets such as property. A list prepared by Insidermonkey experts of 11 most profitable universities in America.
With an endowment of $32.334 billion, Harvard is the wealthiest university in the world. It was founded in 1636 as New College and in 1639 was rechristened Harvard College, in honor of Cambridge graduate and clergyman John Harvard – who donated $1,285 and a collection of books in his will. In 2008 Harvard graduate Hansjörg Wyss gave a then record $125 million. However, in 2014 billionaire Citadel founder and Harvard alumnus Kenneth C. Griffin donated $150 million, breaking Wyss’ record and becoming the university’s new biggest single-gift benefactor. Eli and Edythe Broad, the NFL Players Association and David Rockefeller have all made one-off contributions of $100 million or more to Harvard, while the Bill & Melinda Gates Foundation and Emily Rauh Pulitzer have both made multiple donations of over $200 million. Do not forget to take a look at our previous list 11 most profitable YouTube channels.
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