This list of college dropout billionaires is based (where not otherwise noted) on an annual ranking of the world’s wealthiest people compiled and published by Forbes magazine on March 11, 2009. The listed net worth represents the estimated value of assets less debt as of February 13, 2009. The list does not include heads of state whose wealth is tied to their position. College dropout refers to a person who has dropped out from a college or university before completing his/her degree. Some of the world’s most famous and richest billionaires (including the second richest man of the world, Bill Gates) are college dropouts. The combined net worth of these dropouts is USD 246 billion. This list is not exhaustive.
The average net worth of billionaires who dropped out of college, $9.4 billion, is more than double that of billionaires with Ph.D.s, $3.2 billion. Even if you remove the world’s second richest man, Bill Gates, who left Harvard University and is now worth $53.0 billion, college dropouts are worth $5.3 billion on average, compared to those who finished only bachelor’s degrees, who are worth $2.9 billion. According to a recent report from Cambridge, Mass.-based Forrester Research, 20% of America’s millionaires never attended college.