China has another most extravagant individual and it's the business visionary behind the application TikTok.
Zhang Yiming, 41, fellow benefactor of TikTok's parent organization ByteDance, beat the 2024 Hurun China Rich Rundown, delivered Tuesday, October 29.
His abundance came to $49.3 billion, as evaluated by exploration, media and venture bunch Hurun Inc, which distributes the positioning of the country's most extravagant individuals.
Zhang's ascendency comes after ByteDance's worldwide income developed 30% last year to $110 billion, Hurun said.
Since its true send off in May 2017, TikTok has been slung to mass worldwide notoriety as well as turning into a time characterizing virtual entertainment stage darling by numerous youngsters all over the planet.
Zhang claims 20% of ByteDance, which he helped to establish with school flat mate Liang Rubo in Beijing in 2012. He ventured down as its Chief 2021 subsequent to incorporating ByteDance into perhaps of the greatest name in Chinese tech.
ByteDance likewise holds China's famous news application Toutiao and Douyin, TikTok's sister application in China.
Zhang's ascent to the highest point of the rich rundown thumped China's "filtered water ruler" Zhong Shanshan out of the lead spot without precedent for three years, however he stayed second.
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