Yu Minhong, or Michael Yu (Simplified Chinese: ???; born 15 October 1962 in Jiangyin, Jiangsu) is the founder and current CEO of New Oriental Education & Technology Group Inc. (Simplified Chinese: ?????????), 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".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.Yu stated, "My biggest dream is to found a private university, and for it to be one of China's top educational institutions after 40-50 years of development. When applying for higher education, my dream is for the best high school graduates to take my university into consideration, along with the likes of Tsinghua and Beijing University."
$1.1 Billion
