I think it's 60-70% of academic achievement can be explained by genes. If you know kids from a big family, their academic success can vary significantly although they have the same parents.
Yes, and identical twins raised apart show extremely similar academic achievement, far more similar than non-identical siblings raised in the same household. This strongly indicates that academic achievement is highly explained by genes but that recombination [1] causes enough scrambling to result in large variance among non-identical siblings.