Bloomberg Billionaires Index

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#205 Zhang Bangxin $7.63B

Random fact: Quit his doctoral study to found the education business.

Overview

Zhang is the founder and chief executive of TAL Education Group, an after-school tutoring provider with more than 2 million students in China. The Beijing-based company also offers online classes and has 31 million users of its internet platform. It trades publicly in New York and had $1 billion in revenue for the year to Feb. 28, 2017.

As of May 23, 2018:
Last change +$5.28M (+0.1%)
YTD change +$2.29B (+42.8%)
Industry Services
Biggest asset TAL US Equity
Citizenship China
Age 34
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Zhang Bangxin's net worth of $7.63B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Zhang's fortune is derived from his 31 percent stake in TAL Education Group, an education services company. He holds the shares through Bright Unison, according to a Feb. 28, 2018 filing.

TAL has more than 2 million students in China and 31 million users of its internet platform, according to its website.

The value of his cash investments is based on an analysis of dividends, taxes and market performance.

Echo Yan, a spokeswoman for the company, declined to comment on Zhang's net worth.

Biography

Birthdate:
Family: Married, No children
Education: 2009, China Europe International Business School, MBA 2002-2007, Peking University, Master's Degree 2001, Sichuan University, Bachelor's Degree

Born in 1980, Zhang was born into a farming family. He studied life science at Sichuan University in China before attending Peking University in 2002. Zhang supplemented his income while studying by tutoring primary school students.

In 2003, he set up aoshu.com, a website designed to help students to learn maths, with his classmate Cao Yundong. This led to Zhang quitting his own studies at Peking University. He bgan offering offline classes through Xueersi Education, the predecessor of TAL Education Group.

Xueersi, which means learning and thinking in Chinese, became publicly traded on the New York Stock Exchange in 2010. Co-founder Cao left the company in 2011.

Xueersi was renamed TAL Education Group in 2013, standing for Tomorrow Advancing Life.

Zhang lives in Beijing with his wife.

Milestones
  • 1980 Born in Jiangsu, China.
  • 2001 Graduated from Sichuan University with a bachelor's degree in life science.
  • 2003 Quit study and set-up the first tutorial classes.
  • 2009 Expanded business outside Beijing.
  • 2010 Became publicly traded in New York.
  • 2013 Changed the company name from Xueersi to TAL Education Group.
  • 2016 Acquired First Leap, an English school for Chinese students under 15.
  • 2017 Becomes the largest education service company by market value.