Zhang Yiming, the founder of Bytedance and owner of TikTok, has become China’s richest person, according to multiple wealth rankings. Bloomberg Billionaires Index places him as the world’s 24th wealthiest individual, with his fortune estimated between $57.5 billion and $65.5 billion.
Zhang Yiming, the founder of Bytedance, the company behind TikTok, has been named China’s wealthiest person.
The Bloomberg Billionaires Index ranked him as the 24th richest individual globally, while both the Forbes Billionaires List and the Hurun Rich List confirmed his status as the richest person in China.
Bloomberg estimates his net worth at $57.5 billion, while Forbes places it at $65.5 billion.
At 42, Zhang founded Bytedance in 2012, and as of January 2025, the company is valued at over $400 billion.
In addition to TikTok, Bytedance owns other popular apps, including CapCut, Xigua Video, and Douyin.
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