Check out the below list of Top 10 Richest Universities in The World by 2017, A University is usually an educational institute for higher education and research, which grants degrees in various subjects. Most of the universities in the world provide undergrad or post-grad degrees. The word is derived from Latin which roughly meant “Community of teachers and scholars”. Nowadays, these universities get funds and grants from the government itself, along with donations from other sources.
Listed below are the top 10 richest universities in the world:
10. Northwestern University
Founded in 1850 and opened to the public in 1855, Northwestern is currently worth nearly $10 billion. It has two campuses, in Evanston and Chicago, as well as a third location in Doha which has lot of landholdings. Northwestern also has a profitable Innovation and New Ventures Office, which brings in an average $75 million per year of licensing revenue. This University is said to be receiving an Endowment of $9.78 billion.
Annual Research Budget: $431 million
9. Texas A&M University
Texas A&M has become one of the biggest tertiary systems in the United States. Though the system consists of 11 campuses throughout the state of Texas, its flagship is undoubtedly Texas A&M College Station. In each of the last four years, the system has spent upwards of $700 million on research. It is one of the most reputed, well-known educational institutions in the United States and it receives an Endowment of about $11.1 billion.
Annual Research Budget: $777 million
8. Massachusetts Institute of Technology
Founded in 1865 and relocated to Cambridge in 1916, Massachusetts Institute of Technology (MIT) was founded with money left by an anonymous donor known only as Mr. Smith. Later, that donor was revealed to be George Eastman, founder of Eastman Kodak. Since then, MIT has become a leader in science, technology, and engineering.
Considered as the best and most prestigious engineering college in the world, it receives an endowment of $12.4 billion
Annual Research Budget: $1.3 billion
7. University of California
With five of its 10 official campuses ranked amongst the 50 best universities in the United States, University of California has become one of the top choices in public education. Founded in 1868, UC Berkeley is considered the flagship campus and the best known and it receives an endowment of about $13.14 billion.
Annual Research Budget: $643 million
6. King Abdullah University of Science and Tech
Established in 2009, nearly 400 years after the top two universities on this list, King Abdullah University of Science and Technology (KAUST) has quickly solidified itself as one of the wealthiest universities in the world. Its rapid success can be partly attributed to Saudi Arabia’s King Abdullah bin Abdulaziz Al-Saud. It is nicknamed “House of Wisdom” and referred to as the “Arab MIT”. This University is estimated to receive an Endowment of $20 billion. This is one amongst the Top 10 Richest Universities in The World 2017.
Annual Research Budget: Unknown
5. Princeton University
Founded in 1746 as the College of New Jersey, Princeton is one of the best schools in the world. Valued at approximately $21 billion, Princeton’s wealth includes traditional endowment, graduate donations, and a world-renowned art museum which houses pieces by Andy Warhol, Jackson Pollock, Vincent van Gogh, and Claude Monet.
This University is known to receive an Endowment of about $20.7 billion.
Annual Research Budget: $280 million
4. Stanford University
The fifth-wealthiest school in the world and the fourth-highest-ranked university in the U.S., Stanford University is known for its schools of education, engineering, law, medicine, and business, among others. Stanford’s current endowment is an impressive $21.4 billion.
Endowment: $21.4 billion
Annual Research Budget: $903.2 million
3. Yale University
Yale is a highly selective university known for its schools of law, medicine, management, and drama, among others. And with a rapidly increasing endowment currently hovering around $24 billion, Yale is also one of the richest universities in the world. Although a quarter of Yale’s wealth comes in the form of its many assets, the majority of its wealth is traditional endowment.
Considered to be one of the best and most popular universities in the United States, this University receives an Endowment of $23.9 billion.
Annual Research Budget: $489 million
2. University of Texas
Founded in 1876 and consisting of nine independent schools (including the flagship UT Austin), the University of Texas system is valued at nearly $25 billion. University of Texas has also been able to boast a valuable ESPN deal worth a reported $300 million.
This University is said to be receiving an Endowment of $25.4 billion.
Annual Research Budget: $1.12 billion
1. Harvard University
With a current endowment of over $32.7 billion, Harvard University is the wealthiest university in the world. Founded in 1636 as New College, it quickly gained fame and rose as one of the best universities in the world. The university has the following grants:
This well-renowned, prestigious university receives an Endowment of $32.7 billion.
Annual Research Budget: $799.4 million
This was the list of the Top 10 Richest Universities in the World 2017. All of these Universities are well-renowned and have gained the fame of being the Best Universities in the World too. For more such trending topics, keep in touch with this space.