1. Harvard University

50 billionaire graduates

The oldest institution of higher learning in the U.S. has also graduated the most current billionaires. It has awarded 53 degrees to this affluent group. Notable grads include Microsoft Chief Executive Steve Ballmer and New York City's mayor, Michael Bloomberg.

2. Stanford University

30 billionaire graduates

It's fitting that Stanford University was founded by the wealthy railroad tycoon Leland Stanford. The California school has handed more diplomas to living billionaires than any school except one. Notable alumni include Google's Sergey Brin and Larry Page.

3. University of Pennsylvania

27 billionaire graduates

University of Pennsylvania ranks high on the list of billionaire schools thanks to its prestigious Wharton business school. Twenty billionaires have graduated from that school alone. Wharton graduates include junk bond king Michael Milken and SAC Capital founder Steven Cohen.

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