Chinese businessman Yu Minhong has an estimated net worth of $1.05 billion as of March 2012 according to Forbes. He is known to be the founder and current chief executive officer of New Oriental Education & Technology Group Inc. He also serves China Democratic League's central committee.

Yu Minhong was born on October 15, 1962 in Jiangyin, Jiangsu. He is a graduate of Peking University. He is married and has two children. Today, his New Oriental Education & Technology Group Inc. is considered as one of the wealthiest educators in the world. After the company went public and got listed at the New York Stock Exchange in 2006, the New Oriental Education & Technology Group Inc is considered as China's largest provider of private educational services in terms of geographic swath, programs and students.

Yu Minhong is considered as one of the top 25 people in China that have the greatest impact in the country. He also owns one of the largest private educational services. Furthermore, he is considered as the "Godfather of English Training" as well as "the richest teacher in China."