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For Chinese parents who wrack their brains thinking of ways to send their kids to top universities, a recently released wealth list may make them think twice.
According to a new list that tracks China’s young and wealthy, none of the wealthiest people born after 1980 graduated from Peking University or Tsinghua University, China’s top two universities. About two-thirds of the rich 32-years-old-or-younger graduated from non-key universities, including vocational colleges.
That’s a shift from the previous generation. Among 59 of those on the list born before 1980, five graduated from Peking University and two from Tsinghua. They include big-name entrepreneurs like Robin Li, chief executive of Baidu Inc., a graduate of Peking University, and Charles Zhang, CEO of Sohu.com Inc. of Tsinghua. More than half of billionaires in this age group graduated from first-tier universities in China.
这相对于上一代来说是一个转变，在这个排行榜上有59位1980年之前出生的人士，其中有5位是毕业于北京大学，2位毕业于清华大学。他们包括知名企业家李彦宏，百度公司的 CEO，毕业于北京大学，还有张朝阳，搜狐公司的 CEO，毕业于清华大学。这个年龄段的亿万富翁中有超过一半的人是毕业于中国的名牌大学。
This list names the top 100 Chinese multi-millionaires in yuan terms, plus their universities and majors. It was compiled by sdaxue.com, the website of Tiantian Xiangshang Corp., an online company based in China’s Jiangxi province. The company gathered information of individuals’ wealth from prominent rich lists including those from Forbes China Rich List and Hurun China Rich List , among others, while adding the educational background of those on the list.
该排行榜列出了100位千万以上富翁（以元为单位），并加上了他们的毕业院校及专业。该榜单由 sdaxue.com 网站编辑，该网站属于天天向上科技公司（一家位于中国江西的网络公司）所有。该公司从一些著名的富豪榜上（包括福布斯中国富豪榜及胡润中国富豪榜）收集个人的财富信息，然后再加上他们的教育背景。
The list ranks the wealthy by age. Ding Shiyuan, born in 1990, is the youngest person on the list. He graduated two years ago from a local vocational college in Shenzhen, and his event organizing business, Dingding Culture Industry Development Co.,LTD, has given him wealth of 12 million yuan ($ 1.8 million), according to the list.
“Major and university are not symbols of success. What makes me successful is working hard and being realistic,” Mr. Ding told China Real Time.
Younger members of the list also mostly lack foreign education. Only six out of 100 people on the list have overseas experience in Japan, the U.S. or the UK, the list says.
To be sure, the list – like all accountings of the wealthy — likely has serious gaps. For example, neither the Forbes not the Hurun list are comprehensive given how difficult it can be track wealth, particularly in China. The list also is heavily weighted toward those whose wealth comes from publicly listed companies, which report financial data that private companies don’t have to. It doesn’t appear to track wealthy Chinese who have left the country. And, of course, it doesn’t track those whose wealth comes from official or public positions.
It also doesn’t take into account the future wealth of graduates of top schools or foreign-educated graduates, who could come to the list in increasing numbers as they grow older.
Majors of the rich vary, ranging from veterinary medicine and logistics to computer technology. About half of the people on the list are involved in information technology, online game and software development, and most of them studied related majors in universities.
The list indicates that while many older wealthy became their own boss 10 years after graduation, many young entrepreneurs started only three to five years after graduation.
“We note that many Chinese young entrepreneurs are following their peers in America by starting up early their during university years or even dropping out school to focus on business, ” said Chen Jiangping, product manager of sdaxue.com, who is in charge of compiling this list.
“This list aims to provide an interesting reference for university applicants and those who are interested in China’s higher education and wealth,” said Mr. Chen.