Zhang Yiming, co-founder of ByteDance, has become China's richest person with a net worth of $49.3 billion, up 43% from 2023.
Despite pressures in the US to ban TikTok, ByteDance's global profit increased by 60% last year, boosting Zhang Yiming's fortune.
The Hurun China Rich List has shrunk for the third consecutive year with 12% fewer individuals, showcasing challenges in China's economy.
Zhang Yiming is the 18th new richest person in China in 26 years, indicating the rapid dynamism of the Chinese economy.
Collection
[
|
...
]