Harvard University’s endowment, currently valued at a jaw-dropping $50.9 billion, has been the largest among academic institutions for more than 35 years. But the University of Texas is nipping at its heels.
The University of Texas hopes to regain the top spot it relinquished to Harvard in 1986. According to new data, it now has a $42.3 billion endowment, thanks in part to royalties it makes from oil and natural gas. The university owns more than 2 million acres of land in West Texas.