TikTok founder becomes China’s richest man

The surging global popularity of TikTok has seen the co-founder of its parent company, ByteDance, become China’s richest person, the BBC reports. According to a rich list produced by the Hurun Research Institute, Zhang Yiming is now worth $49.3bn (£38bn) – 43 per cent more than in 2023. The 41-year-old stepped down from his role

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