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International Business Times UK
International Business Times UK
Stephanie Cruz

TikTok Billionaire Zhang Yiming's Net Worth Soars Past Mukesh Ambani's — See Who Still Leads Asia

Zhang Yiming Mukesh Ambani TikTok ByteDance Asia Doubao China
The philosophy of 'algorithms, not spectacle' perfectly captures the rise of ByteDance co-founder Zhang Yiming at 42. (Credit: LI/ Neeraj Bansal)

Zhang Yiming's personal fortune surged by £17.9 billion ($24 billion) in a single day after a recalculation of his ByteDance stake, vaulting the TikTok co-founder past Mukesh Ambani to become Asia's second-richest person.

The Bloomberg Billionaires Index pegged Zhang's net worth at £69.1 billion ($92.8 billion) on 3 June — cementing his position as China's wealthiest individual. The one-day jump came after Bloomberg assessed fresh valuations from institutional investors, including BlackRock, Fidelity Investments, T. Rowe Price Group, HSG, and General Atlantic, all filed in regulatory disclosures in late May.

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