Zhang Yiming net worth
Current Net Worth – $49.5 Billion (USD – 4,950 Crores), (Rupees – 3.84 Lakh Crores)
Zhang Yiming short biography
| Net Worth | $49.5 Billion |
|---|---|
| Born | April 1, 1983 (Age – 38) |
| Identified as | Founder & Leader of ByteDance, Creator of Douyin/TikTok |
| Status | Chinese Internet Entrepreneur |
| Education | Nankai University, Bachelor of Engineering |
| Nationality | Chinese |
| Residence | Beijing, China |
| Spousal status | N/A |
| Children | N/A |
Zhang Yiming has a net worth of $49.5 Billion (Rupees – 3,84,191 Crores), making him one of the top richest men in the world after Beate Heister & Karl Albrecht Jr., Daniel Gilbert, and Klaus-Michael Kuehne.
He established ByteDance in 2012 and developed TikTok, formerly known as Musical.ly, a video sharing platform, and Toutiao, a news aggregator.
He is a wealthy internet entrepreneur from China.
Zhang’s personal wealth is estimated to be $44.5 billion, according to the Bloomberg Billionaires Index.
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Zhang Yiming biography
| Full Name | Zhang Yiming |
| Birthplace | Longyan, Fujian, China |
| Height | 5.7 feet, 173 cm |
| Weight | 70 Kg |
| Father | N/A |
| Mother | N/A |
On April 1, 1983, Zhang was born in China’s Fujian province.
Education
He began his studies at Tianjin’s Nankai University in 2001, majoring in microelectronics before switching to software engineering and graduating in 2005.
Career
Zhang joined the travel website Kuxun as the fifth employee and first engineer in February 2006, and he was elevated to the technical director a year later.
Zhang left Kuxun in 2008 to work for Microsoft, but he was hampered by the company’s corporate regulations.
He quit Microsoft soon after to join Fanfou, a business that finally failed.
One of China’s major media content platforms, Beijing ByteDance, is chaired by Zhang Yiming.
Zhang was included in the Forbes China 30 Under 30 List in 2013.
In 2018, the privately-owned firm ByteDance raised new investment capital at a $75 billion value.
In 2020, the company expects to generate $35 billion in revenue from 600 million daily users.
President Trump ordered ByteDance to sell TikTok’s U.S. business in August 2020; a planned deal with Walmart and Oracle is still in the works.
Zhang Yiming stated on May 20, 2021, that he would be stepping down as CEO of ByteDance at the end of the year and transferring to a new position within the firm.
Private & early life
While studying at university, he met his wife.
Net worth statistics
- March 2018 – $4.0 B
- March 2019 – $16.2 B
- April 2020 – $16.2 B
- April 2021 – $35.6 B
- April 2022 – $50 B
Zhang Yiming Quote
“There are a lot of misunderstandings out there, we are more localized in different markets than people think.”
– Zhang Yiming
