Close
arrow-up-right
Subscribe to Our Newsletter

Stay informed with the best tips, trends, and news — straight to your inbox.

Subscribe Now
Insightschevron-rightchevron-rightBreaking Newschevron-rightTikTok Founder is Now the Richest Man in China

TikTok Founder is Now the Richest Man in China

Written by ,  at .

Zhang Yiming, co-founder of ByteDance, now tops China’s rich list as the wealthiest person in the country. The Hurun Research Institute reports that Zhang’s fortune has surged by 43% over the past year, reaching $49.3 billion. This growth reflects the skyrocketing value of ByteDance and the global popularity of its flagship app, TikTok, which has transformed the way people create and consume content worldwide.

Although Zhang stepped down as ByteDance’s CEO in 2021, he still holds a 20% stake in the company, keeping him closely connected to TikTok’s performance. However, the platform faces a potential ban in the U.S. unless ByteDance divests from it by early 2025. As TikTok’s popularity continues to rise, so does the scrutiny ByteDance faces across global markets, making Zhang’s fortune a reflection of both success and uncertainty.

Meet Zhang Yiming, The Chinese Billionaire Behind TikTok
Image Credit: Forbes

This post is also related to
No items found.

Company Name

Location
450 Wellington Street West, Suite 101, Toronto, ON M5V 1E3
Subscribe
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

By submitting I agree to Brand Vision Privacy Policy and T&C.

home_and_garden com