AI Mania Makes ByteDance Cofounder Zhang Yiming China’s Richest Person
“All China tech assets staged a big rebound off the low base,” Charlie Chai, a Shanghai-based analyst at research firm 86Research, says by WeChat.
ByteDance cofounder Zhang Yiming has become China’s richest man as investors bet on companies with AI potential. Zhang’s fortune has grown to $65.5 billion, ahead of beverage giant Nongfu Spring founder Zhong Shanshan’s $56.5 billion, according to Forbes estimates. Zhang, 41, derives his net worth from a 21% stake in the privately held tech behemoth, al…
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