Bloomberg Billionaires Index

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# 140 Zhang Bangxin $12.6B

Random fact: TAL's market value surpassed rival New Oriental Education in 2017.


Zhang is the founder and chief executive of TAL Education Group, a tutoring services provider with more than 4 million students. The Beijing-based company assists students in China with subjects including mathematics, English and history. It trades publicly in New York and had revenue of $2.6 billion in the year to Feb. 28, 2019.

As of :
Last change -$119M ( -0.9%)
YTD change +$4.06B ( +47.4%)
Industry Services
Biggest asset TAL US Equity
Citizenship China
Age 40
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Zhang Bangxin's net worth of $12.6B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

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

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Zhang's fortune is derived from his 30% stake in TAL Education Group, an education services company. He holds the shares through Bright Unison, according to a 13G filing in February 2020.

TAL has more than 4 million student enrollments, according to the company's fiscal 2019 earnings release.

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.


Birthdate: 1/1/1980
Family: Married, No children
Education: Sichuan University, China Europe International Business School, Peking University

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, a website designed to help students to learn math, with his classmate Cao Yundong. This led to Zhang quitting his own studies at Peking University. He began 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.

  • 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.