billionaire tied to million payment for stanford is window into chinas elite

Billionaire Tied to $6.5 Million Payment for Stanford Is Window Into China’s Elite

World

BEIJING—The parents behind the largest-known payment in the college admissions scandal offer a window into the elite world of the ultrawealthy Chinese business class.

Like many affluent Chinese, pharmaceutical billionaire Zhao Tao cultivated close ties with Beijing while also seeking to move in influential circles abroad and securing a top-flight foreign education for his child.

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