TikTok owner becomes China’s richest person

By Gokhan Ergocun

ISTANBUL (AA) - The founder of ByteDance, and owner of TikTok, Zhang Yiming, became the richest person in China.

Bloomberg Billionaires Index showed on Thursday that he became the world's 24th richest person.

Forbes Billionaires List and Hurun Rich List, a ranking of the richest individuals in China, also showed that he is the richest Chinese person.

According to Bloomberg, he has a wealth of $57.5 billion, while Forbes' figure is at $65.5 billion.

Yiming, 42, founded ByteDance in 2012, and the firm's value is at over $400 billion as of January 2025.

ByteDance is also the owner of popular mobile applications such as CapCut, Xigua Video, and Douyin.