Yu Minhong

Age, Biography and Wiki

Yu Minhong was born on 4 September, 1962 in Jiangyin, Wuxi, China, is a Founder and President of New Oriental Education & Technology Group Inc.Vice President of the Education Committee of Central Committee of China Democratic LeagueMember of Standing Committee of China Youth FederationVice President of Chinese Young Entrepren. Discover Yu Minhong’s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 58 years old?

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OccupationFounder and President of New Oriental Education & Technology Group Inc.Vice President of the Education Committee of Central Committee of China Democratic LeagueMember of Standing Committee of China Youth FederationVice President of Chinese Young Entrepren
Age58 years old
Zodiac SignVirgo
Born4 September 1962
Birthday4 September
BirthplaceJiangyin, Wuxi, China
NationalityChina

We recommend you to check the complete list of Famous People born on 4 September.
He is a member of famous Founder with the age 58 years old group. He one of the Richest Founder who was born in China.

Yu Minhong Height, Weight & Measurements

At 58 years old, Yu Minhong height not available right now. We will update Yu Minhong’s Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
HeightNot Available
WeightNot Available
Body MeasurementsNot Available
Eye ColorNot Available
Hair ColorNot Available

Who Is Yu Minhong’s Wife?

His wife is Yang Guiqing

Family
ParentsNot Available
WifeYang Guiqing
SiblingNot Available
Children2

Yu Minhong Net Worth

He net worth has been growing significantly in 2018-19. So, how much is Yu Minhong worth at the age of 58 years old? Yu Minhong’s income source is mostly from being a successful Founder. He is from China. We have estimated Yu Minhong’s net worth, money, salary, income, and assets.

Net Worth in 20203.1 billion USD (2020)
Salary in 2019Under Review
Net Worth in 2019Pending
Salary in 2019Under Review
HouseNot Available
CarsNot Available
Source of IncomeFounder

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Timeline of Yu Minhong

2019

After investments in several Chinese funds (including the other two of the founders of New Oriental-Xu Xiaoping and Wang Qiang’s Zhenfund), Yu Minhong didn’t feel the joys of investment, so in 2014, he decided to set up an angel investment fund together with Sheng Xitai, an old hand in PE industry. The fund was named Hong Tai Fund (or Angel Plus) and focused on the angel and early-stage projects in media, culture, education, entertainment as well as high-tech and mobile Internet industries. It also had plans to invest in Silicon Valley.

2015

Yu converted the business into the New Oriental Education and Technology Group. In 2010 it was the largest private educational enterprise in China, with approximately 10.5 million enrollment, 465 learning centers in 44 cities and 29 bookstores. As of November 30, 2015, New Oriental had a network of 63 schools, 720 (includes 63 schools) learning centers, 25 New Oriental bookstores and over 5,000 third-party bookstores and over 17,000 teachers in 53 cities, as well as an online network with approximately 11.9 million registered users. Many start-up online education companies claimed they would overthrow New Oriental, whose advantages lie mainly in offline education. Facing the challenge, New Oriental and Yu Minhong have confidence in participating in innovations.

2013

Yu Minhong started carrying out his ideal to found a top private university by taking over Gengdan Institute of Beijing University of Technology. The institute was founded in July 2005 under the joint sponsoring of Beijing University of Technology and Beijing Gengdan Education Development Center. It is an independent undergraduate institution which operates under a new education mechanism and a mode of private tertiary education in China. Yu Minhong was elected as the president of council with Gengdan Institute on August 6, 2013 and entered private sector of Chinese higher education based on New Oriental’s existing strength.

In 2013, a Chinese film named American Dreams in China was released and became a hot topic across China. The movie was directed by famous Hong Kong director Peter Chan and was allegedly based on the self-development and entrepreneurial experience of Yu Minhong (“Cheng Dongqing”), Xu Xiaoping (“Meng Xiaojun”), and Wang Qiang (“Wang Yang”), under the context of China from the 1980s till now. Yu Minhong admitted that basically, he was the prototype of Cheng Dongqing, but denied that the character based on him was common. He claimed that no investment was made to the film by New Oriental.

2006

In September 7, 2006, the New Oriental Education and Technology Group listed on the New York Stock Exchange. Yu was then labeled “China’s richest teacher” with wealth of US$800 million. Other early founders who returned from abroad, and educators in New Oriental with employee stock rights also got rich overnight. To get listed, Yu Minhong initiated reforms on corporate governance aimed at downplaying his personal influence on New Oriental, establishing himself as a professional manager with the group. On the other hand, the listing of New Oriental represented a trend of education industrialization in China. Yu Minhong held that New Oriental’s model would not be a get-rich-quick scheme, while mixed responses had been aroused.

2003

Approximately 70% of Chinese students studying in the United States and Canada have taken English classes from the firm. In addition, the online education section has attracted more than 2 million registered users since beginning in 2003. New Oriental was the first Chinese private education company to list shares on the New York Stock Exchange.

1995

Yu is married and has a son and a daughter. His wife and daughter immigrated to Canada in 1995.

1993

New Oriental School was established on November 16, 1993. Yu Minhong was the only English teacher at the beginning. As enrollment grew, Yu persuaded some of his former classmates to work with him. One of them, Wang Qiang has a Master`s degree from the State University of New York. “I took Yu Minhong to Princeton University to show him around the campus. To my surprise, almost every Chinese student recognized him. They would call him ‘Teacher Yu’. I was amazed to see how famous he was.” Said Wang Qiang.

1985

Yu was placed in a class for sub-standard students, because he couldn’t speak standard Chinese. Yu was a poor student, both financially and academically. In his junior year, pneumonia forced him to take a year off. After graduation in 1985, many classmates went abroad for further education, Yu began to apply for US universities while teaching English in Beijing University. After three years, Yu was accepted by a university. His requests for overseas study visas were repeatedly denied.

1979

Yu Minhong appeared as a guest performer in a Chinese documentary film named Mr.Deng Goes to Washington, which was released in 2015. The film recorded the nine days beginning on Jan 29, 1979, when China’s leader Deng Xiaoping made his historic visit to the United States, only one month after that country established diplomatic relations with China. On April 24, 2015, at the film’s press conference, and in his office building in northwest Beijing, Yu Minhong promoted this documentary film, by promising that both his employees and he, himself would buy tickets to watch it.

1962

Yu Minhong, or Michael Yu (Chinese: 俞敏洪 ; born 4 September 1962) is the founder and president of New Oriental Education & Technology Group Inc., and a member of the central committee of China Democratic League. As the owner of one of the largest private educational services, Yu is known as the “richest teacher in China”, and “Godfather of English Training”. On Hurun Report’s China Rich List 2013, he had an estimated wealth $1.1 billion and was ranked No. 245 on the list. On the same list of 2015, he had an estimated wealth of $1.09 billion and was ranked No. 487. Also he was ranked No.1759 on Hurun Global Rich List 2015, with an estimated wealth of $1.1 billion. As of November 2018, he is ranked #148 on Forbes China Rich List 2018 and #1020 on Forbes Billionaires 2018, with an estimated net worth of $1.7 billion.

Yu Minhong was born in a rural family in Xiagang Subdistrict of Jiangyin, Jiangsu on September 4, 1962. He has an elder sister. Unlike for the time, Yu’s mother encouraged him to go to school. Yu twice failed the university qualification exam and lost a year from illness. Yu was eventually admitted to Beijing University.