This math teacher became a billionaire, thanks to parents' craze for private tuition

That teaching and coaching classes are a lucrative business, it is not a big secret. But becoming a billionaire and with your name in the richest list, there is a completely different game.

Thanks to the frenes of Chinese parents' private tuition, Liu Sheyo, Chief Operating Officer of TAL Education Group, the school tuition group of Chinese parents, became a billionaire.

After TAL Education Group's shares exceeded double the previous year, Sheo has become a billionaire to become second from the firm.

The 36-year-old teacher was the first mathematics teacher to join the company and later reached the rank.

The official website of the company states, "Dr. Liu has been our director since October 2016. From April 2011, Dr. Liu has been our senior vice president and once our teaching and research division, teacher training school, information management center and network operations center Prior to this, Dr. Liu was in charge of our online course offerings between January 2008 to April 2011. From September 2005 to January 2008, Dr. Li Second was the director of our secondary school division. Dr. Liu received his Ph.D from graduated in Engineering from Peking University in 2003 and the Chinese Academy 2008 Bachelor of Mechanics Institute. "

Chinese parents spend an average of 42,892 dollars on their children's education, pay more than 90 percent for private tuition. In Bloomberg's report, Demand reached firm's market value to $ 21.1 billion.

TAL Education Group, through its subsidiaries, offers K-12 school school education services in China, which include various academic subjects including mathematics, physics, chemistry, biology, history, geography, political science, English and Chinese. has been done.