Yiming Zhang
Zhang Yiming is a Chinese Internet entrepreneur. He founded ByteDance in 2012, developed the news aggregator Toutiao and the video sharing platform Douyin. Zhang is one of the richest individuals in the world, with an estimated net worth of US$45.6 billion as of October 2024, according to Forbes and US$43.1 billion according to Bloomberg Billionaires Index. On November 4, 2021, Zhang stepped down as CEO of ByteDance, completing a leadership handover announced in May 2021. According to Reuters, Zhang maintains over 50 percent of ByteDance's voting rights. The surging global popularity of TikTok made Zhang the richest man in China in 2024.
