22yo Kiwi multi-millionaire Jamie Beaton wins Oxford award

22yo Kiwi multi-millionaire Jamie Beaton wins Oxford award
Photo credit: Newshub.

A 22-year-old Kiwi multi-millionaire has been awarded a prestigious scholarship to study at Oxford University.

Jamie Beaton, co-founder of Crimson Education, is one of only three New Zealanders to win the Rhodes Scholarship this year.

At 18, Mr Beaton came up with the idea for his Auckland-based global education business, which helps young people without financial means gain scholarships to top universities worldwide.

Crimson Education has worked with more than 20,000 students since starting in 2013, and is valued at over $200 million. In April, Mr Beaton himself was worth around $70 million.

The Rhodes Scholarship Programme is the world's oldest scholarship programme, and has an acceptance rate of just 0.7 percent.

Mr Beaton applied for the world's top 25 universities while completing high school at Auckland's Kings College, and was accepted into all of them. He chose to study at Harvard University, and graduated with a double-degree in mathematics-economics and applied math, two years ahead of schedule.

While studying at Harvard, Jamie also started working for Wall Street's Tiger Management as an analyst.

Earlier this year, Jamie spoke at the UN about eradicating poverty. He also featured on the 2017 Forbes Asia - 30 Under 30 List.

Mr Beaton hopes his scholarship will help him impact even more students, regardless of their location or financial situation.