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ByteDance founder Zhang Yiming has reclaimed the title of China’s richest person with a fortune of $99.7 billion
ByteDance founder Zhang Yiming has reclaimed the title of China’s richest person with a fortune of $99.7 billion, a 43% increase from last year and a record for China's wealthiest individual. According to the 28th edition of the Hurun China Rich List, released on Tuesday, Zhang's wealth surge is attributed to TikTok owner ByteDance's aggressive expansion into artificial intelligence. AI emerged as the biggest wealth engine on this year's list, with 160 individuals making their money from the sector.
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