ByteDance’s Zhang Yiming tops China rich list with US$99.7 billion as AI fuels fortunes
ByteDance founder Zhang Yiming has reclaimed the title of China’s richest person with a nearly US$100 billion fortune, as artificial intelligence powers a surge in wealth among China’s top entrepreneurs, according to the Hurun Research Institute. The 43-year-old Zhang, who topped the ranking in 2024, saw his wealth rise 43 per cent to US$99.7 billion – a record for China’s richest individual – as…
Zhang Yiming, the founder of ByteDance, has once again become China's wealthiest individual, boasting a staggering US$99.7 billion fortune. This surpasses the previous record held by the 43-year-old entrepreneur, who claimed the top spot in 2024. ByteDance, the company behind the popular TikTok app, has been aggressively expanding into artificial intelligence, which has fueled the wealth of China's top entrepreneurs, according to the 28th edition of the Hurun China Rich List.
The rankings, released on Tuesday, include 1,529 individuals with fortunes exceeding 5 billion yuan (US$750 million), a 6.6 per cent increase from the previous year.
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