The University of Birmingham has been named in a survey as the fifth best university in the UK when it comes to producing millionaires and multi-millionaires.
The independent survey of 549 millionaires by financial experts Skandia found 3.5 per cent went to Birmingham, with only London, Oxford, Cambridge and Leeds ahead in the list for producing graduates with a seven-figure sum to their name.
Birmingham boasts TV and radio presenter Chris Tarrant, comedienne Victoria Wood and Duran Duran singer Simon Le Bon among its wealthy alumni.
Successful business leaders to have emerged from its halls include Manchester United chief executive David Gill, former Shell chairman Sir John Jennings and George Davies, who ran Next in the 1980s before launching the ‘George at Asda’ brand.
Dan Corlett, the assistant director (Entrepreneurship and Innovation) at the university's Careers and Employability Centre, said: "We know that financially successful individuals are working in all sectors and have come from a very broad range of subject disciplines when they were at university.
“Of course we’re pleased to note how well our graduates do, and especially that we came fourth in the list for graduates from a state school background.
"However, Birmingham’s ethos is to celebrate all forms of success and not just the financial.
“I am always surprised at the breadth of business created.
“Many are those that are relatively easy to pursue part time, like web development or film production, while a huge amount are created around the student experience.”
That includes letting agents Purple Frog Property, set up in 2007 by Patrick Garratt during his final year as a student. The firm now has offices in Bristol and Nottingham.
“The size of the institution helps,” added Mr Corlett. “We are very diverse because of our size and its very good for meeting people from different walks of life, and with different skills – a lot of entrepreneurs’ success depends to a large part on being part of a team.”
The University of London topped the table with 10.9 per cent of millionaires studying there, with Oxford second (7.8 per cent) and Cambridge third (5.5 per cent). The top ten is rounded out by Leeds, Manchester, St Andrews, Bristol, Edinburgh and Aston.