What Is Cindy Mi’s Net Worth? (Recent Reports)
|Net Worth||$10 Million|
|Age||40 Years Old|
Cindy Mi is an educator and entrepreneur from China. She is the founder and CEO of VIPKid, an education technology company that connects students of China to the world’s best teachers for real-time online English learning.
Her net worth is about $10 million in 2023.
She co-founded ABC-English, a tutoring company about business development when she was a classroom teacher.
Would you like to learn more about her? If yes, keep reading!
Cindy Mi Biography/Wikipedia/Wiki
|Real Name||Cindy Mi|
|Known As||Cindy Mi|
|Age||40 Years Old|
|Spouse / Boyfriend||Unknown|
|Net Worth||$10 Million|
|Profession||Educator and Entrepreneur|
How Was Cindy Mi’s Early Life And Education?
Cindy Mi was born in 1983 in Hebei, China. The names of her parents or siblings are not revealed because she has kept her personal life a mystery.
During her high school days, she used to listen to cassettes to learn English.
At the age of 17, she dropped out of school and decided to give English tuition to other students along with her uncle.
During this time, Mi also gave equivalency exams so that she can graduate from high school.
After high school, she received a bachelor’s degree in English Literature from Beijing Foreign Language University via self-taught exams.
She also completed her MBA from the Cheung Kong Graduate School of Business and was also an exchange student at Cornell Johnson Graduate School of Management in the US.
How Did Cindy Mi Start Her Career?
At the age of 15, Mi gave English tuition to other students while she was still in high school.
At the age of 17, she dropped out of high school and co-founded ABC English, a tutoring company, with her uncle.
Her company was a huge success and was able to compete with other institutes. It went on to bring in tens of millions of dollars in revenue.
Then, Mi began her career as an English literature teacher in China. In 2013, she realized that there is a high demand among students to learn English.
So, she created VIPKid, a China-based online education company in 2013. It is a platform where students from China can connect to tutors via video calls from all around the world and can learn English.
In 2017, she created another platform, a subsidiary of the wider VIPKid brand, called LingoBus, which teaches Mandarin to young students aged between 5-12 years old. This company provides one-on-one lessons to students and it has grown very quickly.
In 2017, the company raised $200 million in initial funding, and in 2018, it raised an additional $500 million in its D+ funding.
So, the company has an overall valuation of $3 billion. Due to this, VIPKid has gained recognition in the global economy.
VIPKid is now the most valuable educational technology startup in the world, and it works with 35 other countries.
In 2018, Mi announced the expansion of VIPKid and that it will teach more students than before, for up to 18 years.
Cindy Mi’s Personal Life
Mi has maintained a very low profile. So, there is no data available about her relationship status.
How Does Cindy Mi Make Her Money?
Here are the major sources of income through which Mi earns her money:
- Earning as an entrepreneur
- Earning as an educator
Cindy Mi’s Social Media Accounts
Cindy Mi Achievements
- World Economic Forum’s Young Global Leaders Class (2018)
- GSV Summit 2019 Power of Women Award
- One of Glassdoor’s Top 100 CEOs (2019)
Cindy Mi Quotes
“All students are unique and the world is within their reach when connected with great teachers capable of personalising learning and sparking curiosity.”Cindy Mi
“There is so much technology we can use, but only to enhance students’ learning efficacy”Cindy Mi
Major Career Highlights
- At the age of 17, Mi decided to drop out of high school, and then she co-founded ABC English, an English tutoring company.
- In 2013, she created a platform named VIPKids, where students in China can learn English with the help of tutors around the world.
- In 2017, she created a subsidiary of VIPKid called LingoBus, a platform that teaches Mandarin.
- The company has a total valuation of $3 billion currently.
Success Lessons To Learn From Cindy Mi’s Life
- Never give up: Ever since Mi dropped out of school, she did not give up and started tutoring students in English along with her uncle.
- Be focused: She was focused on her studies and future. Thus, she created VIPKid which can help other students to learn English.
- Be creative: She not only created VIPKids but also created a subsidiary called LingoBus, which helps students to learn Mandarin. She made this so that students of China can keep connected to their language as well.
Cindy Mi is an educator and an entrepreneur from China.
She is the CEO as well as the founder of VIPKids, which provides students with a platform where they can interact with teachers from around the world and can learn English.
I hope you are inspired by her and will work hard.
As per recent updates, the net worth of Cindy Mi is $10 million…!
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Frequently Asked Questions
These are the questions that are usually asked about Mi…
What Is The Net Worth Of Cindy Mi?
As per the latest reports, Cindy Mi’s net worth is $10 million.
Is Cindy Mi Married?
There is no information regarding Cindy Mi’s relationship status.
Where Was Cindy Mi Born?
Cindy Mi was born in Hebei, China.
How Old Is Cindy Mi?
Cindy Mi is 40 years old.
In Which Year Was VIPKids Launched?
VIPKids was launched in the year 2013.
P.S: All the details displayed here about Mi have been researched from various online sources. The information may vary with time.