CEOs Without College Degrees

The thousands of wait-listed would-be MBAs who may not get the chance to go to their dream B-school might want to draw inspiration from the following group of CEOs. Not only did they not get graduate degrees, they didn't get undergraduate degrees -- and some never even attended college. Of course, not having a degree didn't stop them from being a big name on campus. You'll find Alfred Taubman's name at Brown, Harvard, the University of Michigan, and Lawrence Technological University; at least one building on each campus bears his name, although the retail magnate and philanthropist never finished college. Read on to learn who else made it into corporate top spots without the benefit of a bachelor's degree. 1. Dennis Albaugh Chairman, Albaugh Type of Business: Pesticides Education: Associate's degree from Des Moines Area Community College Fun fact: He has a collection of more than 100 classic Chevrolets 2. Paul Allen Founder and chairman, Vulcan Type of Business: Media, telecommunications Education: Dropped out of Washington State College after two years Fun fact: He persuaded Bill Gates to drop out of Harvard. They later founded Microsoft (MSFT) together.  3. Richard Branson CEO, Virgin Group Type of Business: Travel, radio, TV, music, venture capital Education: No college degree Fun fact: He became an entrepreneur at age 16 with the creation of Student magazine. 4. Maverick Carter CEO, LRMR Innovative Marketing & Branding Type of Business: Marketing Education: 3.5 years of college at Western Michigan University and University of Akron combined Quote: "Don't be afraid if you see an opportunity to go and give it shot. You can finish school later; it's always there." 5. John Paul DeJoria CEO, John Paul Mitchell Systems Type of Business: Hair-care products Education: No college Fun fact: He started out selling greeting cards at age 9. 6. Michael Dell Founder, chairman, and CEO Dell (DELL) Type of Business: Computers Education: Attended University of Texas, Austin; did not finish. Quote: "When I started our company, it was very much an idea outside of the conventional wisdom, and if there were people telling me that it wasn't going to work, I wasn't really listening to them." 7. Felix Dennis Founder and chairman, Alpha Media Group, formerly Dennis Publishing Type of Business: Publishing (Maxim, The Week) Education: No college degree Fun fact: He wrote a biography and published a magazine about Bruce Lee; sales surged when the martial arts star died suddenly in 1973. 8. Barry Diller Chairman and CEO of IAC/InterActiveCorp (IACI) Type of Business: Media Education: Dropped out of UCLA after three weeks Fun fact: He started his career working in the mail room of the William Morris Agency 9. Bill Gates Co-chair and Trustee, Bill & Melinda Gates Foundation; Chairman, Microsoft (MSFT) Type of Business: Philanthropy. Software. Education: Dropped out of Harvard Fun fact: As a schoolboy, he created a program that allowed people to play tic-tac-toe on the computer. 10. Mukesh "Micky" Jagtiani Chairman, Landmark International (Dubai) Type of Business: Retailing Education: No college degree Fun fact: The billionaire mall developer flunked out of a London accounting school as a teenager and worked as a taxi driver before becoming an entrepreneur. 11. Dean Kamen Founder and chairman, Segway Type of Business: Motor vehicles Education: Dropped out of Worcester Polytechnic Institute Fun fact: Kamen founded FIRST, a robotics competition for high school students. 12. David Oreck Founder, Oreck Type of Business: Vacuum cleaners Education: No college. At 17, enlisted in the army, and flew B-29 bombers during World War II Quote: "Things are never as bad as they seem to the pessimist and never as good as they seem to the optimist." 13. Amancio Ortega Gaona President, Inditex Group Type of Business: Fashion retailing (Zara, Kiddy Class, others). (A Coruna, Spain) Education: No college Fun fact: Often cited as the richest man in Spain, he reportedly has never given any media interviews 14. Phillip Ruffin Owner, Treasure Island Type of Business: Casinos Education: Attended Washburn University for three years and Wichita State University but never got his degree. Quote: "You get the most experience from the business of life." 15. Alfred Taubman Founder, Taubman Centers (TCO). Philanthropist Type of Business: Shopping malls Education: Attended the University of Michigan at Ann Arbor for three years but left to start a family and his career Quote: "Become an expert in one fundamental area of your market or business. No one starts out as a generalist." 16. Ty Warner Founder, Ty, Inc. Type of Business: Toys (stuffed animals) Education: Dropped out of college to pursue a career in acting. Later founded Ty Inc. Fun fact: The plush animals his company manufactured retailed for only $5 in the 1990s, but Beanie Baby-mania drove prices up to $30 or more for the hard-to-get characters.