Meet Jamie Beaton, the 22yo Kiwi worth $70m
Meet Jamie Beaton, the 22-year-old Kiwi worth around $70 million.
He's the CEO of Crimson Education, an Auckland based global education empire that helps young people gain scholarships to Ivy League universities.
It's worked with over 20,000 students since starting in 2013, and is worth over $200 million.
Appearing on Three's The Project, he says the inspiration for his business came when he watched his classmates miss out on being accepted into overseas universities.
"Coming out of high school, I just applied to a lot of universities," he says.
"A lot of my peers, who were really sharp kids, just didn't quite get in because they didn't know how to do it. It triggered me to realise there was a big gap in New Zealand to help provide advice to students really getting on the world stage."
But despite his success, Mr Beaton says the money hasn't gone to his head.
"I have simple tastes. I like paintball, I play a little Yu-Gi-Oh!" he says. "Nothing too extravagant."
Mr Beaton says the main reason for his success is his mother.
"Basically, my mum didn't have a lot of means to bring me up. She had to really fight. She bought me up while running a company by herself," he says.
"She really inspired me to make it happen."
And his weakness? Cleaning.
"Definitely not one of my strengths, she [his mother] always reminds me of that," he says.
"My dorm room at Harvard was not looking too flash during the exam time."