TikTok co-founder Zhang Yiming overtakes Gautam Adani as Asia’s richest
Dubai: Zhang Yiming, co-founder of ByteDance, the Chinese technology company behind TikTok, has overtaken Indian billionaire Gautam Adani to become Asia’s richest person, according to the Bloomberg Billionaires Index. Zhang, 43, has a net worth of about $105.5 billion, putting him ahead of Adani, whose fortune stands at about $104.8 billion, according to the latest ranking reported on September…
Dubai: ByteDance co-founder Zhang Yiming has risen to become Asia's wealthiest individual, surpassing Indian billionaire Gautam Adani, according to Bloomberg Billionaires Index. The 43-year-old entrepreneur now holds a net worth of around $105.5 billion, placing him ahead of Adani, whose fortune is estimated at $104.8 billion. Zhang's wealth has surged more than eightfold since Bloomberg began tracking his fortune in March 2019, with a $12 billion increase this month following updated valuations of ByteDance.
Zhang's fortune is primarily driven by ByteDance, which gained global recognition through TikTok and other digital platforms. The company has recently expanded into artificial intelligence, developing products like the Doubao chatbot and Seedance video-generation tool. In 2021, Zhang relinquished his role as ByteDance's chief executive and has since maintained a low public profile, preferring hobbies like online activities, reading, music, and contemplation.
The top five richest Asians on the Bloomberg list are Zhang, Adani, Mukesh Ambani, Tadashi Yanai, and Masayoshi Son. Notably, several prominent billionaires such as Larry Ellison, Jensen Huang, Steve Ballmer, and Warren Buffett also feature prominently on the global rankings.
Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
