TikTok founder becomes Asia's richest fortune
Zhang Yiming, founder of Chinese tech company ByteDance, the parent company of popular short-video platform TikTok, has become Asia's richest person after overtaking Indian tycoon Gautam Adani, according to the billionaire list compiled by Bloomberg.
Zhang Yiming, founder of Chinese tech company ByteDance, has become Asia's richest person with an estimated fortune of $105.5 billion. He has surpassed Indian billionaire Gautam Adani, according to Bloomberg's list of billionaires. Zhang's wealth has grown eightfold since early 2019, driven by the success of TikTok and Douyin, as well as ByteDance's investments in artificial intelligence. His rise to the top is partly due to the boom in AI, which has overtaken traditional sectors.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
