Peking University: China's Hundred-Millionaire Factory

Peking University: China's Hundred-Millionaire Factory
May 22, 2009 Translated by eChinacities.com

According to the “Rank of Universities Producing the Rich” report newly issued by cuaa.net, Peking University ranks number one because it has educated 35 of China’s citizens worth over 100 million RMB (100 million RMB is currently worth USD14.6 million). The total wealth of the 35 alumni amounts to more than RMB 10 billion (USD 1.4 billion), making Peking University fully deserving of its Chinese nickname “cradle of hundred-millionaires”. Second place Zhejiang University has educated 23 hundred-millionaires, while Tsinghua University is right behind in third place with 22 hundred-millionaire alumni.

Peking University Leads the Hundred-Millionaire Production
The University Evaluation Project Team at cuaa.net surveyed China’s rich list of more than 1500 hundred-millionaires, from 1999 to 2008, and sorted them by university. The survey shows that Peking University, with 35 hundred-millionaire former students, has a comfortable lead in the race for most hundred-millionaire alumni. The Peking University hundred-millionaires include Li Yanhong, CEO of Baidu.com; Wang Zhidong, initiator of Sina.com; Yu Minhong, president of New Oriental Education & Technology Group; and Li Ning, president of Lining Company Ltd.

Peking University campus china’s billionaire factory
Peking University campus, Photo: endeneon

Zhejiang University’s 23 hundred-millionaire alumni include Duan Yongping, president of Guangdong Bubugao Electronic Industry Co. Ltd; Zhou Qingzhi, president of Narada Group; and Shi Yuzhu, president of Juren Group. In order to show appreciation to his alma mater, Duan Yongping and Ding Lei, the initiator of Netease (graduate from University of Electronic Science and Technology of China) jointly donated USD 40 million to Zhejiang University, the largest donation ever received by a Chinese university.

There are 22 hundred-millionaire alumni at 3rd ranking Tsinghua University, including Zhang Chaoyang, CEO of Sohu.com; Zhou Yunfan, chairman of the board of directors of kong.net; Chen Shuning, president of Worksoft; and Mo Tianquan, CEO of Soufun.com.

Fudan University, with 20 hundred-millionaires in its yearbooks, ranks 4th. Shanghai’s top university has educated a crop of current hundred-millionaires that includes Chen Tianqiao, president of Shanda Networking and pioneer of China’s online game industry; Guo Guangchang, president of Fosun Group; Chai Guosheng, president of Cnlight; and Tu Haiming, president of Haodu Real Estate Co., Ltd.

Peking University graduate and billionaire Li Ning
Peking University graduate and hundred-millionaire Li Ning, Photo: ..AikiDude..

Billionaire Alumni May Become Idols
As pointed out by Cai Yanhou, the principal expert at cuaa.net’s University Evaluation Project Team, this survey reveals that most hundred-millionaires graduated from their university’s best and most advantageous majors; the vast majority of the billionaires majored in science and engineering. However, the study also found comprehensive universities such as Peking University, Tsinghua University, and Zhejiang University tend to be more beneficial in terms of cultivating wesalthy entrepreneurs, compared with specialized science and engineering universities.

Statistics also indicates that most hundred-millionaires graduate from universities in the east part of China from cities with developed economies, such as Beijing, Shanghai, Zhejiang and Guangdong; fewer billionaire graduates attended universities in the central and western parts of China.

Hundred-millionaire alumni are the best advertisement for universities seeking to expand student enrollment. These alumni also reduce employment pressure for graduates from their universities by also employing large numbers of graduates from their universities. At the same time, they also become role models for young graduates embarking on new undertakings.

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