What is Yu Minhong's Net Worth?
Yu Minhong is a Chinese businessman who has a net worth of $1.1 billion. Yu Minhong is the founder and current CEO of New Oriental Education & Technology, one of the largest private educational services in China. Ever since the company's establishment as English test prep agency in 1993, he has witnessed a constant rise in his net worth on the back of the ever-present enthusiasm for studying abroad. After the company went public at the New York Stock Exchange, he turned into one of the richest educators in the world.
Born on October 15, 1962 in Jiangyin, Jiangsu, Minhong took the college entrance exams three times before getting into a top Chinese university. Upon his graduation from Peking University, he decided to launch the education agency to fund his own overseas studies, which never happened. But thanks to him, there are more 13 million New Oriental alumni today.
