ByteDance Founder Zhang Yiming Tops China's Billionaire List As Tech Sector Remains Resilient In Struggling Economy

Benzinga

ByteDance founder Zhang Yiming is now China’s wealthiest individual with a personal fortune of $49.3 billion, the Hurun China Rich List revealed on Tuesday. Yiming saw his wealth grow alongside ByteDance’s global revenue increase of 30% to $110 billion last year despite ongoing legal battles over its U.S. assets. Tencent’s Pony Ma and PDD’s Colin Huang follow in third and fourth place. Yiming's position underscores the tech sector’s continued influence, even as China's economy sees a downturn.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02ByteDance founder Zhang Yiming is now China's wealthiest individual with a personal fortune

00:07of $49.3 billion, the Harun China Rich List revealed on Tuesday.

00:12Yiming saw his wealth grow alongside ByteDance's global revenue increase of 30%

00:17to $110 billion last year, despite ongoing legal battles over its U.S. assets.

00:23Tencent's Pony Ma and PDD's Colin Wang follow in third and fourth place.

00:28Yiming's position underscores the tech sector's continued influence,

00:31even as China's economy sees downturn.

Category

Transcript

Comments

Recommended