Zhang Yiming Born: April 1983 (age 40 years), Yongding, Longyan, China

 Zhang Yiming Born: April 1983 (age 40 years), Yongding, Longyan, China

Net worth: 43.4 billion USD (2024) Forbes

Education: Nankai University (2005)

Nationality: Chinese

Organizations founded: ByteDance, Toutiao

Known for: Founding and leading ByteDance, creating Douyin/TikTok

 

Zhang Yiming, the main founder of Chinese tech giant ByteDance, is renowned for creating the wildly popular app TikTok, boasting over 1 billion users globally. In November 2021, Zhang resigned as chairman, following his earlier departure as CEO in May, allegedly due to pressure from the Chinese government. 

ByteDance's valuation has recently suffered amid concerns of a potential TikTok ban in the U.S. market, despite its diverse interests spanning news, education, and video gaming. 

Zhang's journey began in 2012, launching ByteDance from a modest four-bedroom apartment in Beijing and introducing the news-aggregation app Toutiao shortly after. Notably, he earned a spot on the 2013 Forbes China 30 Under 30 List.

TikTok's parent company ByteDance Ltd. was founded by Chinese entrepreneurs, but today, roughly sixty percent of the company is beneficially owned by global institutional investors such as Carlyle Group, General Atlantic, and Susquehanna International Group.

 


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