Zhang Yiming, founder of ByteDance and owner of TikTok, is now China’s richest person with a net worth of $57.5 billion (Bloomberg) or $65.5 billion (Forbes). He founded ByteDance in 2012, and as of January 2025, the company is valued over $400 billion. Additionally, it owns popular apps like CapCut and Douyin.

Zhang Yiming, the founder of ByteDance and the creator of TikTok, has ascended to the position of the richest individual in China. His financial standing has garnered recognition from the Bloomberg Billionaires Index, which ranks him as the 24th wealthiest person in the world with a net worth of $57.5 billion. Forbes, however, estimates his fortune to be higher, at approximately $65.5 billion.

At the age of 42, Zhang Yiming established ByteDance in 2012, which has grown significantly since its inception. As of January 2025, ByteDance’s valuation has surpassed $400 billion. The company is also renowned for its successful mobile applications, which include CapCut, Xigua Video, and Douyin, further contributing to its impressive market presence.

In conclusion, Zhang Yiming has made noteworthy achievements by becoming the richest person in China, significantly boosting his wealth through ByteDance’s diversified portfolio of popular applications. His success story underscores the rapid growth of the technology sector in China and ByteDance’s pivotal role within it.

Original Source: news.az

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