Zhang Yiming, the founder of TikTok’s parent company ByteDance, has recently become China’s richest person, surpassing Zhong Shanshan, the chairman of Nongfu Spring.
Zhang’s net worth is estimated at $45.6 billion, benefiting from the significant valuation of ByteDance, which remains one of the world’s most valuable unicorns despite a decline from its peak due to geopolitical tensions and regulatory challenges.
Zhang, who stepped down as CEO and chairman of ByteDance in 2021, still holds a significant stake in the company. His wealth has increased notably, with a reported valuation of ByteDance around $217 billion.
This shift in wealth reflects the dynamic changes within China’s tech industry and the challenges faced by other billionaires like Zhong, who has struggled with growth in his bottled water business
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