There are many millionaires in the United States who invest in elite schools for the education of their children and their own.

According to economist and philosopher Daniel Markovits, members of the wealthiest families argue that these millionaire families “marry in different patterns, raise their children in different patterns.”

A clear example of this is that of the prestigious universities in the United States of the so-called Ivy League: Brown, Columbia, Cornell, Dartmouth, Harvard, Pennsylvania, Princeton and Yale, many of the top executives, businessmen, economists, politicians and decision makers take in the country.

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Harvard University is located in Cambridge, Massachusetts. It has 10 schools, two theaters and five museums. Photo: Istock

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And most importantly, they invest huge amounts of resources in their children’s education so that the children can win in the meritocratic competition.

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In terms of education, they note that access to first-level education is a prerequisite for the world’s wealthiest as they maximize their children’s prospects for building more intergenerational success.

John Milne, educational services group leader at Henley & Partners, explains that many of the world’s most recognized educational institutions are on American soil and belong to the Ivy League.

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With regard to education, they note that access to first-level education is a prerequisite for the world’s wealthiest as they maximize their children’s prospects for building greater intergenerational success. Photo: Istock

“For decades, wealthy people around the world have eagerly secured their seats in top U.S. universities, so much so that a significant portion of U.S. college enrollments are international students,” he notes. John Milne

The report indicates that these international graduates often stay in the United States after graduation and start or continue profitable projects.

According to their research, the majority (28%) of centenarians in the United States work in financial and professional services, followed by technology (14%), an industry they expect to produce even more centenarians over the next decade.

Of course, they emphasize that education is not the only path to money and proof of this is Bill Gates, who left Harvard to start Microsoft, and Mark Zuckerberg who also dropped out of Harvard to start Facebook, now Meta.

“However, a premium education undeniably improves the chances of success, influence and wealth.”

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Harvard alumni include eight U.S. presidents, several foreign heads of state, 62 living billionaires, 359 Rhodes Scholars, and 242 Marshall Scholars. Photo: Istock

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Currently, 35% of penny millionaires in the United States have graduated from these 8 schools.