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Saturday, May 11, 2013

The wealthy students

Research shows that of Edinburgh University’s ultra-rich graduates – those worth at least £20m – more than a quarter get their money from family fortunes. Edinburgh’s 80 ultra-rich graduates were worth around £52million each, but 26% of them sourced their money from inheritance. Japan’s Princess Mako is to study at the university. German aristocrat Prince Albert II, who can trace his noble lineage back to the Holy Roman Empire and has been described as the world’s youngest billionaire, studied economics and theology at the university. Other royalty to study at the university include Romania’s Princess Margareta and Princess Raiyah of Jordan.
And among Glasgow University’s wealthiest former students, almost a fifth rely on inherited cash, according to the study. At Glasgow University 18% of the 80 ultra-rich graduates sourced their money from inheritance.





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