A millionaire failed exams

A self made Chinese millionaire failed 27 times in his college entry tests. Though he made a lot of money his dream  to get a degree from a renowned University remained  unfulfilled. He is at present 56 years old and is known as Liang Shi by name. During the past four decades he has taken the 'gaokao' exam dozens of times. His expectation was to get a chance in some elite University. Unfortunately he is unable to secure a seat even in an ordinary one! 
            

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