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.
Read next
15:30
Russia - North Korea
Russia and North Korea have commenced the construction of a new road bridge across the Tumen River, marking a significant step in expanding their strategic partnership and enhancing bilateral trade links.
15:21
World News
British police have charged Abdullah Sabah Albadri, 33, with preparing a terrorist act and possessing knives after he allegedly tried to breach the Israeli embassy’s grounds in west London.
15:06
World News
A fierce khamsin dust storm cloaked the Egyptian capital in a yellow haze on Wednesday, shutting schools and cutting visibility as winds gusting to 80 kph swept across Cairo and much of the country.
09:54
Morning Brief
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 30th, covering the latest developments you need to know.
08:42
North Korean troops
Around 600 North Korean soldiers have been killed while fighting for Russia against Ukraine, according to South Korean lawmakers citing information from the country’s intelligence agency. The total number of North Korean troops deployed to fight alongside Russia is reported to be 15,000.
What is your opinion on this topic?
Leave the first comment