Meet the billionaire family crammed into a university scam



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The Chinese student from Stanford, whose parents paid $ 6.5 million to a twisted university repairer to be assured of a place in the best school, comes from a family of billionaires leading Bentley who sent her to refined British boarding schools.

But Zhao's Yusi "Molly" pharma dad boasted of not having time for wealthy kids who "do not rely on their own abilities".

"I really despise those kids who do not rely on their own abilities," Tao Zhao told a Chinese magazine in 2015, according to a new report from the New York Times.

"If I meet one, I give them a bandage right away. I just can not stand this guy. "

The Times spotted a Ferrari, a Tesla, a Bentley and a Land Rover in front of the sumptuous family mansion in Beijing on Thursday.

But the father claimed that his children are not spoiled – because they have to borrow the Bentley.

"If they want to drive, they have to borrow one," he told the magazine.

Tao's wife admitted Thursday that she paid $ 6.5 million to William "Rick" Singer University Admissions Advisor in 2017, after their daughter entered Stanford – but said she thought it was a regular gift to the school.

The prosecutors allege that Singer falsely presented the girl to Stanford as a competitive sailor – and paid a $ 500,000 bribe to the school's sailing coach – and that these false references did so. helped to get a place at the prestigious college.

Yusi was expelled from school for falsifying her candidacy, although neither she nor her parents were charged in the scandal.

According to the Wall Street Journal, the Zhaos are the 82nd richest family in China, according to Forbes, bringing Tao's net worth to $ 1.8 billion.

Tao, who holds an MBA from Fordham University, runs a company called Buchang Pharmaceuticals, created by his father, Buchang Zhao.

Buchang has himself been charged with corruption – for paying $ 10,000 to a corrupt official in the Chinese Food and Drug Administration, the Times said.

In the 2015 profile, another girl, Yuchen Zhao, said that the children were raised knowing that "family money is family and does not look at us."

"We can get the best education available, but if we want to live better, we have to earn it ourselves," she said.

Yusi went to elementary school in Beijing, and then to high school in Wellington College, UK, for which a boarding cost $ 17,449.

In a 2015 magazine for international students at the school, a student named Molly Zhao says she has been at the school since she was six years old and marveling at the poverty she witnessed at school. a trip with a Chinese charity.

"Many kids have never tried treats, chips or treats; I mean, can you imagine that? "How can we survive without all these junk foods?"

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