China richest man Zhang Yiming is known for building the short video platform TikTok. Users across the globe accepted this app as a medium of expressing themselves. Starting from entertainment videos, TikTok has expanded into infotainment as well. Zhang Yiming, TikTok founder is now China’s richest man. If we talk about his achievements, he started his journey from ByteDance. Let us have a close look at the inspiring journey of Zhang Yiming below.
Who Is Zhang Yiming? How He Became The Richest Man In China?
Zhang Yiming was born on 1 April 1983 in Longyan, Fujian, China. He completed his engineering degree at Nankai University. The Hurun China Rich List shows Zhang Yiming at the top with a net worth of $49.3 billion. According to the Hurun Research Institute, the total wealth of these billionaires in China is $3 trillion. It is 10% less than that in the previous year. It might indicate a fall in China’s overall wealth.
Where China is having a continuous fall in its number of billionaires, It is increasing in India. If we talk about India, the country has achieved a remarkable 334 billionaires mark with a 29% rise in its wealth creation. However, this does not bring China down in the race. The country still has 753 billionaires which is more than half of India’s billionaires list. Zhang climbed the ladder with the success of ByteDance. The company created two well-known short video platforms in China. Douyin and TikTok are two famous platforms in China. Where TikTok has achieved worldwide recognition.
If we talk about India’s Hurun List, Mukesh Ambani is still among the top billionaires in India. While Gautam Adani secures the first position. The country’s top billionaires’ wealth has surpassed the GDP of Saudi Arabia and Switzerland together. On the other hand, Zhang Yiming had its name in China 30 under 30 in 2013. For 40 under 40, he had its name in Fortune’s magazine in 2018. His growth is not limited to this, Zhang has been among Time’s magazine 100 Most Influential People of 2019.
Being the only son of his family, he wanted to provide a better life for his family. He received immense fame and success with TikTok. Although, the app has been criticised a lot after the pandemic. Many countries banned it. TikTok is still running in its home town China. In 2021, he stepped down from his position as CEO. We hope you get enough details about Zhang Yiming above. Stay tuned for more information on our website.