Mumbai: According to a new research by Visual Capitalist based on data from Salas Diaz & Young’s 2024 Global Wealth Report, the University of Mumbai is the eighth-best university in the world for producing billionaires.
The public university is now the only one from India on this elite ranking, tied for seventh-eighth place with Cornell University. Both schools have 22 billionaire alumni, which puts Mumbai University ahead of well-known schools like Tsinghua University (19), New York University (18), and the University of Southern California (17).
Not IIT, not IIM but university of Mumbai has produced maximum billionaires in India 🗿 pic.twitter.com/q8ioDYrzuf
— Umed Pratap Singh (@umedpratapsingh) October 8, 2025
Harvard is the leader, and Mumbai University joins the billionaire club.
Harvard University is still the best, with 104 millionaire graduates. Stanford University is next with 69, while the University of Pennsylvania is last with 38. Columbia University (32) and the Massachusetts Institute of Technology (28) round out the top five.
Yale University is sixth with 24 billionaire graduates, barely ahead of Cornell University and the University of Mumbai, which are both tied for seventh with 22. Tsinghua University (19), New York University (18), the University of California, Berkeley (15), and the University of Michigan (15) are also big names in the world.
Peking University (14), Lomonosov Moscow State University (13), Princeton University (13), and a few others with 12 wealthy alumni each, such as UCLA, the University of Chicago, Fudan University, Seoul National University, and Zhejiang University, are lower down the list.
Focusing on India’s success in public education
The fact that the University of Mumbai is on this worldwide billionaire ranking is a momentous event for India’s public education system. Mukesh Ambani, chairman of Reliance Industries and one of Asia’s richest and most powerful industrialists, is one of its famous graduates.
The rating shows that India’s colleges are becoming global centers for entrepreneurial success, which is a challenge to the supremacy of top Western institutions. Experts argue that this change shows how India’s economy, which is based on innovation, is becoming more powerful, as are the billionaires who were born and raised in India and built global empires.
Global Wealth and the Legacy of Universities
Many of the universities on the list have a long history of training innovative business executives.
Stanford University is very connected to Silicon Valley. Jerry Yang, who helped start Yahoo, and Andy Fang, who helped start DoorDash, are both graduates of Stanford.
Elon Musk, the CEO of Tesla and SpaceX, went to the University of Pennsylvania.
Warren Buffett, one of the most successful investors in history, went to Columbia University.
These instances show how academic ecosystems are still changing the business world in the fields of technology, finance, and manufacturing.
Asia’s Growing Role in Making Money Around the World
US universities still top the list of billionaire education rankings, but the growing number of Asian schools, including those from India, China, South Korea, and Russia, shows that the way wealth is created around the world is changing.
Visual Capitalist says that the fact that Asian public colleges are on the billionaire list shows how the region’s innovative economy, domestic investment strength, and entrepreneurial drive are growing.
The University of Mumbai’s eighth-place performance is a sign of this change. It shows that making money is no longer only the job of elite Western schools; it’s becoming more common in the academic and business ecosystems of the Global South.