Zhang Yiming Net Worth

How much is Zhang Yiming’s net worth?

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net worth:	$44 billion
age:	41
Birth:	April 1, 1983
gender:	Male
Height:	1.70 m (5 ft 7 in)
country of origin:	China
Source of funds:	entrepreneur
Last Updated:	August 8, 2024

Introduction

Zhang Yiming is famous for his multi-billion-dollar internet corporation, Bytedance, which owns TikTok. Starting from almost nothing and reaching where he is today shows Zhang’s pure genius for entrepreneurship.

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The world is amazed at how successful TikTok has become, largely due to Zhang’s impressive coding and computer skills.

His hard work and dedication paid off and he is currently one of the richest men in China.

Zhang Yiming’s net worth is estimated at $44 billion.

quick Facts

Zhang left Cookson and went to work at Microsoft in 2008.
The first success of his career was 99fang.com, which Zhang founded in 2009.
In 2012, Zhang founded the successful ByteDance company.
Zhang also bought an app called Musical.ly in 2012 before relaunching it as TikTok under his ByteDance company.
Zhang created ByteDance’s first application, Neihan Duanzi, which was censored by the National Radio and Television Administration in 2018.

Early Life

Zhang Yiming was born on 1 April 1983 in Fujian, China and his name is derived from a Chinese proverb meaning “to surprise everyone with the first attempt”.

He was born into a middle-class family; his father is said to have been either a librarian or a government employee who worked in an electronic processing plant, while his mother was a nurse.

Upon graduating from high school and enrolling at Nankai University, Zhang discovered his love for electronics. He decided to major in microelectronics studies, but later changed his major to software engineering.

He graduated from university in 2005 at the age of 22. He quickly landed his first job at the Kuxun travel website. The company was small but Zhang was able to move up quickly and soon became technical director. He quit his job in 2008 to pursue his dream of working at Microsoft.

Unfortunately, Zhang found that Microsoft was not the company for him as he felt his creativity was eroded as he worked there. As soon as he left the company, Zhang used all the knowledge he had acquired to create TikTok and expand his own company.

Livelihood

Zhang went to work on his new company immediately after leaving Microsoft. He was able to establish himself as an entrepreneur after leaving Fanfou, but unfortunately, the business failed and he was back to square one.

Despite the failure of Fanfou, Zhang kept moving forward and when Expedia bought Kuxun, Zhang made his move. He decided to take over the real estate division and created his first successful company called 99fang.com.

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Unfortunately, his tenure with the company ended after two years and Zhang had to get creative once again.

In 2012, he founded the ByteDance company and developed Toutiao. Toutiao is a news aggregator that was a huge success. Then Zhang made the best decision of his career and decided to buy Musical.ly and turn it into TikTok.

Both TikTok and Toutiao have been incredibly successful for Bytedance. After just seven years, the company had over a billion paying users. At first, investors were turning it down, but the company had enough users per day to make a decent profit.

After ByteDance proved its worth, Sequoia Capital changed its mind and invested $100 million in 2014.

Yiming was the CEO for more than seven years and served as chairman of the board of directors of Beijing ByteDance Company.

Zhang decided to step down from the company due to lack of necessary social skills and handed its leadership to his former college roommate Liang Rubo in 2021.

The success of his company has put him on the list of the richest people in the world, which includes the likes of Elon Musk, Jeff Bezos, and investor extraordinaire Warren Buffett.

Career Income

Here is an estimated overview of Zhang Yiming’s annual income:

2015 – $3.4 billion
2016 – $3.6 billion
2017 – $3.8 billion
2018 – $3.8 billion
2019 – $4.1 billion
2020 – $4.5 billion
2021 – $4.8 billion
2022 – $5 billion.

total assets annual

Zhang Yiming’s annual net worth details are as follows:

2015 – $34 billion
2016 – $36 billion
2017 – $40 billion
2018 – $42.5 billion
2019 – $45 billion
2020 – $51 billion
2021 – $55 billion
2022 – $60.5 billion

Although Zhang is very wealthy, the pandemic and lockdowns have not been good for his company. His stock price plummeted in the wave of sell-offs that occurred in 2020 and 2021.

personal life

Very little is known about Zhang’s personal life as he prefers to keep it private. This is understandable, as he is one of the richest people in the world.

We know that he married his childhood sweetheart, but her name is not known.

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He can afford whatever he wants and has a fleet of the most expensive cars in the world, including Rolls Royce and Ferrari.

Awards and achievements

Zhang does not seek publicity and tries to stay out of the media spotlight as much as possible.

However, due to his phenomenal success, reports are quick to list him among the richest people in the world and also reveal how much he is worth.

Here are some memorable moments from Zhang Yiming’s career:

In 2013, he was a member of Forbes China “30 Under the 30s”.
Zhang was ranked 10th on Forbes’ list of China’s richest people in 2019.
He was ranked 70th in the world billionaires list in 2019.
In 2019, he was named among the “100 Most Influential People of 2019” by Time magazine.
Zhang was included in Fortune magazine’s “40 Under 40” list in 2018.

Zhang is quite young to be included in the list of the world’s richest people, but his technical skills and ability to recognize opportunity are amazing.

However, he finds himself in a difficult position, as the Chinese Communist Party doesn’t always take kindly to ostentatious wealth, as Alibaba boss Jack Ma found out.

How does Zhang Yiming spend his money?

Zhang currently lives in a mansion in Shanghai, China, worth over $10 million. He has also invested in a property in Hong Kong that is estimated to be worth $30 million.

Zhang also founded the Fangmei Foundation, a charity whose main goal is to strengthen education infrastructure.

Highlights

Here are some of the best highlights of Zhang Yiming’s career:

Zhang founded Bytedance in 2012, switching from Toutiao.
ByteDance had over 800 million users in 2019, before reaching over a billion users in 2019.
Sequoia Capital invested $100 million in ByteDance in 2014.
ByteDance surpassed Uber in 2018 with a valuation of $75 billion.
He developed Toutiao (a news aggregator) in 2012.

Summary

Being one of the world’s youngest tech billionaires can be stressful, but Zhang has endured it and proven he can deal with it.

He made an already successful app a huge success through clever marketing. His brilliant mind and marketing skills have taken him to the top of the success ladder and we are sure his wealth will continue to grow in the years to come.

Zhang may have stepped down as CEO for now, but his internationally successful company is in good hands while he develops the skills needed to make it more profitable.