China has the most billionaires in the world from the education industry, accounting for 63 percent of the total, according to the Hurun Global Education Rich List 2020, jointly released by the Hurun Research Institute and Hurun Education.
The Hurun Research Institute found 19 billionaires from the field of education, among which 12 came from China. These billionaires came from 15 companies, with a total wealth of $55 billion and an average wealth of $2.9 billion. The average age was 55.
Among the top 10, seven came from China, including the top three. Let’s see who they are.
No 10 Li Hua and her father Li Guangyu Wealth: 11 billion yuan
Li Guangyu, chair of the board of Yuhua Education. [Photo/people.cn]
No 9 Sunny Varkey Wealth: 14 billion yuan
Sunny Varkey, founder and chairman of GEMS Education. [Photo/gemseducation.com]
No 7 (tie) Wu Junbao Wealth: 15 billion yuan
Wu Junbao, founder of Xinhua Education. [Photo/ Xinhua Education]
No 7 (tie) Ranjan Pai Wealth: 15 billion yuan
Ranjan Pai, chairman of Manipal Education and Medical Group. [Photo/manipalglobal.com]
No 6 Yu Minhong Wealth: 20 billion yuan
Yu Minhong, founder of English-language training giant New Oriental Education and Technology Group, delivers a speech to freshmen at Dalian Maritime University in Liaoning province. [Provided to China Daily]
No 5 Wang Zhendong Wealth: 23 billion yuan
Wang Zhendong, CEO of offcn. [Photo/offcn.com]
No 4 Bertil Hult Wealth: 28 billion yuan
Bertil Hult, founder of Education First (or EF). [Photo/eftours.com]
No 3 Chen Xiangdong Wealth: 32 billion yuan
Chen Xiangdong, founder of GSX Techedu. [Photo/ genshuixue.com]
No 2 Zhang Bangxin Wealth: 62 billion yuan
Zhang Bangxin, founder and CEO of TAL. [Photo/TAL]
No 1 Li Yongxin and his mother Lu Zhongfang Wealth: 91 billion yuan
Li Yongxin, president of Offcn Education Technology, a private institution that offers training for the civil service exam. [Photo/offcn.com]
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