
Zhang Yiming, founder of TikTok’s parent company ByteDance, has officially become the richest person in China. As of Wednesday, his net worth reached $57.5 billion, pushing him past previous titleholders Zhong Shanshan (of Nongfu Spring) and Tencent’s Ma Huateng.
This milestone highlights ByteDance’s continued financial success and global influence, with TikTok remaining one of the most dominant social media platforms worldwide.