<p>@PurpleTitan Looking at the Forbes listing provided by coolweather (thanks), we see that most are (of course) self-made, but many are in the process have passing the wealth/business on to family (which is to be expected). Many of this 2nd generation will have attended elite universities (a case of inherited wealth, vs. which college you attended discussion…). It also goes without saying that no one becomes a billionaire in China without a good relationship with the ruling Communist Party. </p>
<p>While a few have little formal education (that I can find), most do have degrees, many advanced degrees’. In the top 12, I found two with undergraduate degree’s from Shenzhen University. I also found some with undergraduate degree’s from Yale, Ohio State, Cambridge, etc. Like in the US, these first generation billionaires attended a wide range of universities, but when you have hundreds of billionaires, a few (like Shenzhen or Peking University) will pop up more often than others. </p>
<p>I bet in 10 years, at least 2 or 3 Chinese universities make that top 20 list (if not more), simply based on the 2nd generation inheriting the wealth. Looking at the Forbes listing, you can see that’s already taking place… Shenzhen may already have made the list, since it only needs 6 (and I’ve already found 2 in 10 minutes of searching). </p>
<p>The way I see it, the Chinese billionaires are stealing from their own middle class, so who cares what degrees their kids received. I can see evidence in my neighborhood, the amount of money they spend on American goods are just unbelievable.</p>
<p>Rich Chinese people spend money on American and Western products.
Poor and rich American people spend money on Chinese products to help rich Chinese people getting richer.
Funny, isn’t it?</p>
<p>I cannot imagine why anyone would care about what colleges “produce” billionaires. Given that colleges don’t “produce” success, people do. And who honestly has the goal of becoming a billionaire? Tacky. </p>