Zhang Yiming’s net worth shows his success in the tech industry. He built a successful social media company—ByteDance and TikTok, which have amassed over one billion users worldwide.
Zhang Yiming’s net worth is estimated at $42.3 billion, making him one of the world’s wealthiest people. Zhang is a Chinese software engineer, businessman, and billionaire who co-founded ByteDance in Beijing. The company birthed TikTok, a popular video-sharing platform.
Zhang Yiming’s first site creation was 99fang.com, a property search site, in 2009. Three years later, he left it to start ByteDance.
The steady growth of ByteDance is the reason behind Zhang’s net worth. This article details Zhang Yiming’s colossal wealth and the different ways he made it.
Zhang Yiming was born in Fujian, China in 1983. Zhang’s parents were average civil servants. They raised their only son till he graduated as a software engineer from Nankai University, Tianjian, in 2005.
In 2009, Zhang created 99fang.com, a site that helped users search for properties. Three years into the business, he left it to co-found another idea—the creation of ByteDance in 2012.
Two years later, the platform, a parent to TikTok, recorded about 13 million users. In 2015, the company launched TopBuzz, its first international product.
In 2017, Zhang acquired a global media news aggregator called News Republic. ByteDance‘s value as of 2018 was $7.4 billion; in 2020, it was about $180 billion, which signifies a growth rate of about 2,332% within 2 years. The company’s worth was estimated at about $220 billion in 2023.
Knowing the net worth of business people like Zhang Yiming provides a template for success. As the son of civil servants who started a tech company and co-founded a trending video-sharing app, Zhang is inspiring.
His rank as the second richest person in China shows young people that the path to wealth isn’t by inheritance alone. His net worth as of October 2023 is $42.3 billion.
Zhang Yiming’s net worth is calculated by estimating his assets’ worth and taking that number away from his liabilities. His assets’ exact value is unknown because he is a private person. However, here’s an estimate:
His $43 billion wealth as a self-made billionaire shows that hard work pays. As a startup or business enthusiast, the story of Zhang can inspire you to grow a business from grass to grace.
Zhang Yiming’s net worth is estimated at $42.3 billion, from his 20% stake in TikTok’s social media and video-sharing platforms and its parent company ByteDance. Do you know how much your net worth is? You can find out with our Comparewise Net Worth Calculator within seconds.
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Yes, he has. 2013, he appeared among China's billionaires under 30 in Forbes' list. In 2018, he made the under-40 list in Fortune Magazine. A year later, he was recognized as one of the 100 most influential people in the Times.
Yes, he did. After graduating from Nankai in 2005, he worked as an engineer on the Kuxun travel website in 2006. He left two years later to work for Microsoft.
Yes, Zhang Yiming is married. He met his wife during his days as an undergraduate at Nankai University. Details about his personal life are unknown as he is a very private person.