@Walker1 ,
Yeah, I agree that you never know what you'll get as far as genes go.. Looks and athletic ability (depending on his own build) are easier to guarantee than intelligence, which is clearly important to him also. That's why he paid for the top-school eggs. Hope the kid doesn't end up with any special needs. As you say, that sometimes happens even if both parents are very smart.
BTW, I'm definitely not criticizing him. I was just shocked that a nearly 60 y.o. man who already has 2 kids would want to go through the process again.
Egg donors are typically sourced from college campuses and are usually paid about $10K for the risk, pain, and trouble.
A few parents want donors from the very top universities , especially if both parents went to such universities themselves. But most women at elite schools are not desperate for money and put a very high value on their genetic material, so it's nearly impossble to get eggs from those schools. This guy probably paid around $100K just for the eggs--not including the cost of the surrogate and so on.