Surpassing Adani, TikTok Founder Zhang Yiming Becomes Asia’s Richest Person
Surpassing Adani, TikTok Founder Zhang Yiming Becomes Asia’s Richest Person Zhang Yiming , co-founder of ByteDance —the parent company of the short-video platform TikTok —has become the richest person in Asia. According to the Bloomberg Billionaires Index , 43-year-old Zhang has overtaken Indian industrialist Gautam Adani to claim the top spot among Asia’s wealthiest individuals for the first time. Driven by rapid growth and investments in artificial intelligence (AI) technology, his total net worth has surpassed $105 billion. When Bloomberg first calculated his wealth in March 2019, his net worth stood at just $13 billion; it has since grown nearly eightfold. In the current month alone, Zhang’s wealth increased by more than $12 billion after major investors—including BlackRock , Fidelity Investments, and T. Rowe Price—raised their valuation of shares held in ByteDance. Previously, in June, Zhang had moved into the second position—surpassing another Indian billionaire, Mukesh Amb...