Phoenix68
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- Mar 12, 2022
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"The University of Austin, which recently welcomed its first class of students, has a parade of multi-millionaire and billionaire backers who have donated some $200 million to help the budding program become a success, The Wall Street Journal reported Sunday.
“Billionaires frustrated with elite colleges are banding behind a fledgling school in Texas that boasts 92 students,” the Journal reported, citing donors such as trader Jeff Yass, real estate developer Harlan Crow, investors Alex Magaro and Len Blavatnik, and tech mogul Peter Thiel.
Yass, in a statement to the Journal, said: “Higher education needs competition. It is time for philanthropists to start new colleges in keeping with the way American learning institutions were founded."
![relaxing-outside-smiley-emoticon[1].gif](https://www.houseofpolitics.com/data/attachments/17/17152-041950e1a42d9da1c9a270b231e8851e.jpg?hash=WBqjrfX9jP "relaxing-outside-smiley-emoticon[1].gif")
“Billionaires frustrated with elite colleges are banding behind a fledgling school in Texas that boasts 92 students,” the Journal reported, citing donors such as trader Jeff Yass, real estate developer Harlan Crow, investors Alex Magaro and Len Blavatnik, and tech mogul Peter Thiel.
Yass, in a statement to the Journal, said: “Higher education needs competition. It is time for philanthropists to start new colleges in keeping with the way American learning institutions were founded."
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