{"id":51772,"date":"2024-10-29T16:40:03","date_gmt":"2024-10-29T16:40:03","guid":{"rendered":"https:\/\/new.igihe.com\/tiktok-founder-named-china-s-richest-man\/"},"modified":"2024-10-29T16:39:49","modified_gmt":"2024-10-29T16:39:49","slug":"tiktok-founder-named-china-s-richest-man","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/tiktok-founder-named-china-s-richest-man\/","title":{"rendered":"TikTok founder named China’s richest man"},"content":{"rendered":"

Yiming’s net worth rose to $49.3 billion\u2014a 43% increase from 2023\u2014making him the wealthiest individual on the Hurun China Rich List.<\/p>\n

The 41-year-old\u2019s fortune has grown largely due to TikTok’s rising influence, fueling ByteDance’s financial growth, with global revenue reaching $110 billion in 2023. <\/p>\n

TikTok continues to expand despite U.S. concerns over its Chinese ties. The U.S. has indicated plans to ban TikTok by January 2025 unless ByteDance sells it.<\/p>\n

Yiming founded ByteDance in 2014, launching TikTok two years later. Now available in over 150 countries, TikTok has offices in cities like Beijing, Los Angeles, and Tokyo.<\/p>\n

While Yiming stepped down as CEO of ByteDance in 2021, he retains a 20% stake in the company.<\/p>\n

In the latest rankings, Yiming surpassed Zhong Shanshan of Nongfu Spring, whose wealth has declined to $47.9 billion. <\/p>\n

Tech conglomerate Tencent founder Pony Ma ranks third with a net worth of $44.4 billion, as the gaming firm saw rising revenues.<\/p>\n

Other Chinese billionaires who have appeared in previous lists, including the 2024 Forbes list, are Colin Huang ($38.9 billion), William Ding ($33.5 billion), Ma Huateng ($30.2 billion), He Xiangjian ($25.1 billion), Jack Ma ($24.5 billion), Eric Li ($16.8 billion), Qin Yinglin ($15.5).<\/p>\n

\"Zhang<\/figure>\n","protected":false},"excerpt":{"rendered":"

Zhang Yiming, founder of TikTok’s parent company ByteDance, has been named the richest person in China, according to the latest rankings by the Hurun Research Institute. <\/p>\n","protected":false},"author":131,"featured_media":2000076471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[192],"hashtag":[],"class_list":["post-51772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-homenews","byline-wycliffe-nyamasege"],"bylines":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":131}],"contributors":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":131}],"featured_image":{"id":2000076471,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/1730201998-1024x683.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/1730201998-1024x683.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/1730201998-1024x683.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/1730201998-1024x683.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/1730201998-1024x683.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/1730201998-1024x683.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/51772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=51772"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/51772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000076471"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=51772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=51772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=51772"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=51772"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=51772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}