 LSE alumni and staff have also won 3 Nobel Peace Prizes and 2 Nobel Prizes in Literature.Out of all European universities, LSE has educated the most billionaires according to a 2014 global census of U.S dollar billionaires.The London School of Economics was founded in 1895 by Beatrice and Sidney Webb, initially funded by a bequest of £20,000 from the estate of Henry Hunt Hutchinson.