Penn tops the list of colleges with the most alumni on the Forbes 400 list of richest Americans

Penn has once again topped the Forbes 400 list of richest Americans with 17 alumni after he was second last year, according to a Forbes report.

To compile the list each year, Forbes calculates a ranking of the 400 richest Americans based on personal owned assets, businesses, liabilities, and charitable contributions. Forbes reported that Penn’s number of alumni on the list has increased from 14 this year to 17, allowing him to place himself ahead of Harvard and Yale.

While the total net worth of the 400 individuals on the list fell by 11%, Elon Musk, who graduated from college and Wharton University in 1997, saw his fortune dwindle as the value of Tesla stock and SpaceX rose. increased by $60.5 billion to become the richest. people in the United States. The increase marks the end of Princeton University alum Jeff Bezos’ four-year reign of No. 1.

Musk’s ex-girlfriend from Pennsylvania recently auctioned memorabilia from their relationship for over $165,000.

According to Forbes, contributors to Penn’s return of title include the return of former president and 1968 Wharton alumnus Donald Trump to the list after a one-year hiatus, and the 1999 founder of D1 Capital Partners. Daniel Sanheim and the 1974 Wharton alumni appeared on the list. A Wharton alumnus and executive his chairman of C&S Wholesale Grocers Rick Cohen.

Also on the list are four members of the Lauder family, after whom the Lauder Institute of Management and International Studies and the Lauder College House are named.

Jonathan Gray, a 1992 graduate of Wharton College and COO and president of Blackstone Inc., was also elected. Gray, along with his wife, who is also a Penn alumnus, recently announced a $55 million donation to fund research at Penn’s Abramson Cancer Center.

“Both the liberal arts and finance have allowed me to meet all these amazing people and have given me a springboard for the rest of my life,” Gray told Forbes.

Also on the list was Lauren Powell Jobs, widow of investor and Apple co-founder Steve Jobs, who graduated from Wharton College in 1985. Jobs is a former member of the Netter Center’s National Advisory Board and was also a speaker at his 2021 commencement ceremony at the University of Penn.