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The Economic Times
The Economic Times

TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest person

Mukesh Ambani ByteDance Asia China Zhang Yiming

Zhang Yiming surpassed Mukesh Ambani to become Asia’s second-richest person after a rise in ByteDance Ltd.’s valuation and further progress in the Chinese firm’s AI ambitions.

Zhang’s net worth climbed to $92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index. The ByteDance co-founder’s fortune swelled more than sevenfold since Bloomberg started tracking his wealth in March 2019, when he was worth $13 billion.

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