According to the Hurun Research Institute, the wealthiest individual in China this year is Zhang Yiming, the founder of ByteDance, with a net worth of $49.3 billion USD, a 43% increase from 2023. Starting ByteDance in 2012, he introduced globally recognized video-sharing apps like TikTok and Douyin in China. Stepping down as CEO in 2021, Zhang Yiming holds around 20% of ByteDance’s shares, a company still classified as a startup and not publicly traded.
Among the tech tycoons in China listed in the report, Pony Ma, the CEO and founder of Tencent, ranks third with $44.4 billion USD, while Colin Huang Zheng, the founder of Pinduoduo, ranks fourth with $34.5 billion USD.
Source: BBC
TLDR: Zhang Yiming, the founder of ByteDance, tops the Hurun Research Institute’s list of China’s wealthiest individuals this year with a net worth of $49.3 billion USD, while Pony Ma of Tencent and Colin Huang Zheng of Pinduoduo also secure top spots on the list.
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