Zhang Yiming, founder of Tiktok Mother BYTEDANCE LTD. The richest individual in China, bypassing the bottled water pole in Chung Shanshan bottles and the founder of Tinetnet Ma Huating.
His pure fortune is now $ 57.5 billion, which makes him the third most dangerous person in Asia, behind the Indian billionaires, Mokish Ambani and Gotam Adani, according to the Bloomberg Blysardeer Index.
Zhang’s wealth has increased by more than $ 10 billion, and is fueled by the BYTEDANCE shares program, which resides the company for $ 312 billion, along with Blackrock Inc. investment assessments. Fidelity Investments, and T. Rowe Price Group Inc. , Which put the average bydance rating at $ 365 billion.
Despite his increasing wealth, Zhang faced great challenges, including the continuous organizational audit in the United States and China. The future of Tiktok in the United States is still uncertain, as President Donald Trump extends to the deadline for stripping its operations in the United States by 75 days, which puts new pieces on April 5. Failure to find a buyer may lead to a ban.
In China, Bytedance puts itself as a leader in artificial intelligence. AI Chatbot, Doubao collected 75 million active users, and its vision understanding model is alleged 85 % more effective than industry standards.
Zhang, who is now residing in Singapore, built his wealth only through his 21 % share in Bytedance. He founded the company in 2012 in a small apartment in Beijing, where the Toutiao News app, which gained the traction speed.
In 2016, Bytedance Tiktok (Douyin In China), which became a global phenomenon, was presented, especially after obtaining and merging it with musical.ly in 2018.
Zhang, who is known for his innovation approach, stressed that bytedance is not just a news company or social media but a platform that works in Amnesty International with a global vision.
In 2021, he resigned from the CEO of Betanance and later gave up his role as a president, following a pattern seen among other Chinese billionaires such as Jack Ma in Ali Baba and PDD Holdings.
With the continuation of the bytedance in expanding the capabilities of artificial intelligence and global access, Zhang is still one of the most influential numbers in the technology industry, although it is not at the head of the company he founded.
