ByteDance founder Zhang Yiming is the biggest wealth gainer on this years list. Zhang Yiming is the founder of ByteDance, which is one of Chinas biggest media content platforms. As of June 2023, Mark Spains net worth is estimated to be $110 million. The American music executive has been incredibly busy and hopes to add some more of the biggest names to his client list. At first, investors were turning him down, but the company had enough users daily to create a healthy profit. Here are some of the more memorable moments from Zhang Yimings career: Zhang is quite young to be on a list of the richest people in the world, but his technical skills and ability to spot an opportunity are legendary. He doesnt seem to take himself too seriously because he is aware that some luck played a role in his achievement. ByteDance had more than 800 million users in 2019 before reaching over one billion users in 2019. Show publisher information Huang is one of two vice chairmen at Contemporary Amperex Technology, one of the worlds largest suppliers of batteries to electric vehicle assemblers. "Ranking of The 22 Richest People in China as of January 2022 (in Billion U.S. His fortune contracted by about 25% in the past year. ByteDance is the most valuable startup in the world, with over 1 billion monthly users across its mobile apps as of late 2018, surpassing Uber to become the most valuable startup in the world. Zhang Yiming net worth: Zhang Yiming is a Chinese businessman and entrepreneur who has a net worth of $44 billion. Researchers excluded nine people from the list for lack of enough data to calculate a reliable annual average rate of growth. An very popular news aggregator is called Toutiao. In 2018, during the peak of the TikTok app Zhang Yiming was declared a Billionaire with over $4 Billion in net worth. As of January 2022, Zhong Shanshan topped the list of the richest people in China with a net worth of 72 billion U.S. dollars. But if those expectations are set too high, it will confine you and even blunt your creativity in many ways. Sequoia Capital invested $100 million in ByteDance in 2014. He was raised in a middle-class household; it is believed that his mother was a nurse and that his father was either a government employee who worked in an electronic processing facility or a librarian. Both Tik Tok and Toutiao have gone on to be incredibly successful for ByteDance. Jones started to build his hip hop empire on the west coast by taking on local talent as his clients, and saw his career take off in the 2010s. Wack 100 now runs an independent label named 100 ENT that has featured. Zhang created ByteDances first application called Neihan Duanzi, which ended up being censored by the National Radio and Television Administration in 2018. Use Ask Statista Research Service, Countries with the highest millionaire rate in 2021, Number of ultra high net worth individuals 2021, by region, Number of people with wealth over one million U.S dollars 2021, by country, Number of millionaires in China 2015-2021. Several acts on the Cash Money label have been nominated for BET Awards. In April, its market cap passed the $100 billion mark. Zhong chairs bottled water and tea drink producer Nongfu Spring. Zhang Yiming was born in Chinese. Its monthly users are even higher than the average number of users of Snapchat and Twitter (5). 2023 Forbes Media LLC. Notable among the group were Internet-related businesses: Ma Huateng (also known as Pony Ma), CEO of Chinas gaming and social media heavyweight Tencent, is the third richest Chinese citizen; his fortune fell by $28.6 billion, or 44%, from last year to $37.2 billion as shares lost nearly half their value. Zhong was among seven of the top 10 in China whose fortunes declined in the past year. These are some of Zhang Yimings best quotations: Zhang developed his vast empire by adhering to a few rules. Since 2017, Musks fortune has shown an annual average increase of 129%, which could put him in the trillion-dollar club in just two years at age 52, with a net worth of $1.4 trillion. 3. However, he left the company soon after. In 2015, ByteDance launched its video-sharing app Tik Tok. Before Binance, Zhao had set up another trading system called Fusion Systems, which he founded in 2005. ByteDance created the Toutiao news app in August 2012, and it gained more than 13 million daily users in less than two years. Zhang was able to create a multi-billion company, but when he knew that his skills were not the right match, he stepped down to help the company. Do your eyes glaze over when you see news of yet another newly minted billionaire? He is also active on his official Facebook account and his official YouTube channel, which he uses to post commercials, shorts, and tips about selling your home. Home Net Worth Entrepreneurs Net Worth Founder & Creator of TikToks Net Worth Zhang Yiming Former CEO. When not helping clients identify tax and financial opportunities, you can find him writing, sailing offshore, or flying a plane. Smart investments can be one of the best ways to keep your money moving in a positive way, even when progress is slow. Like Jim Walton and Rick Hendrick, Mark Spain has reached many milestones during his career that have helped him become incredibly successful. In 2018, ByteDance surpassed Uber in value with a $75 billion valuation. 3. In 2013, he was a member of the Forbes China 30 Under the 30s. Whether people agree with what Cash Jones says in interviews or not, hes undoubtedly one of the biggest names in rap music behind the scenes. Reflects change since 5 pm ET of prior trading day. Musical.ly was purchased for $800 million by ByteDance a year later, and it was folded into TikTok. Zhang Yiming is a Chinese media magnate and internet entrepreneur. It had revenue of $80 billion in 2022, according to a April 3, 2023 report. He also made number 70 on the World billionaires list in 2019. Holdings, known as the Fedex of China. He then became part of Universal Music Group, signing a large contract where he would manage rising artists on the label. The product eventuallybecame a huge hit with millennials and quickly spread over the world. Currently, Tik Tok is one of the biggest video-sharing social media platforms. Zhang may have stepped down as CEO for now, but his internationally successful company is in good hands while he develops the necessary skills to make it even more profitable. Zhang left Microsoft and started working for his new business right away. has created a million-dollar income in his short career, becoming wealthy through his musical ability and engaging live performances. Li Shufu is the fifth-richest person in China, with a whopping $27.7 billion. Zhang currently resides in Shanghai, China in a mansion worth over $10 million. Married Kimberly Jones and has had two children (Prince Jones and Devyn Jones). Sophie Cachia How many kids does Australian Vlogger Sophie have? In 2021, he stated that he plans to give away 99% of his wealth to charities, following in the footsteps of other notable entrepreneurs who have done the same. He continued by saying that he hopes to get into the diaper business, which would be an interesting career change. Ding is CEO of Nasdaq-listed NetEase, one of Chinas largest online gaming businesses. You may opt-out by, Chen Zhongqiu/VCG/Getty Images, Imagine China/Newscom, Imagine China/Newscom, Forbes 36th Annual Worlds Billionaires List: Facts And Figures 2022, Trumps Net Worth Has Jumped An Estimated $600 Million Since He Left Office, How MacKenzie Scott Has Given Away BillionsAnd Is Still One Of The Worlds Richest Women, The Wealthiest Person In Crypto Climbs Into Worlds 20 Richest. Not long after, he left the company in order to pursue a job at Microsoft. Then you can access your favorite statistics via the star in the header. He announced his resignation as CEO in May 2021, and Rubo Liang will succeed him. His fortune fell from $33 billion on the 2021 list. The couple is very private and because of that their pictures together are not found on the internet. Additionally, he made an investment in a Hong Kong property thought to be worth $30 million. Zhang stepped down as chairman of ByteDance in November 2021 after resigning as CEO in May. Current net worth is $46,200,000,000, while in 2021 Zhang had a net worth of $41,118,000,000. In 2019, he was named 100 Most Influential People of 2019 by Time magazine. But, even with the decline, the country is yet again second only to the U.S.which has 735 billionairesin number of billionaires. Here are some of Zhang Yimings more notable professional moments: Zhang is very young to be listed among the richest individuals in the world, yet he possesses renowned technical prowess and an eye for opportunity. He climbed seven spots to No. 2021 Zhang Yiming steps down as ByteDance CEO and gives the spot to Shouzi Chew. If you want to get the best business opportunities, head to the places where entrepreneurs are welcomed with open arms. In 2020, Zhang was estimated to have a net worth of $36,595,020,000. How Much is Zhang Yiming Net Worth Contents [ show] $35.26 Billion is current net worth of Zhang Yiming. As soon as he left the company, Zhang used all the knowledge he had gained to create TikTok and expand his own company. Now that you know all about Wack 100s net worth, theres plenty to learn from the record executive. In 2020, Mark Spain sold over $1.4 billion in residential property. Zhang Yiming Birthday All Rights Reserved. Fifty Fifty Joins BTS As The Only Two K-Pop Acts To Reach One Of Billboards Radio Charts, Nicki Minaj Reveals Her Long-Awaited Fifth Album Is Coming In October, Zhang Makes History, $412,500 With Her Own Hello World Moment In First LPGA Tour Start, Rose Zhang Makes Pro Debut At Mizuho Americas Open At Liberty National, No More NIL, Rose Zhang Teams With Adidas Golf In Joining Pro Ranks, Joe Joyce Vs. 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They then worked out the average yearly percentage growth rate for members over the last six years, extrapolating this to give predicted data for the next 30 years. 1 in the US for closed transactions by, Mark Spain Real Estate was ranked as the number one real estate agency in the US in terms of closed transactions by, His agency has also received the Top Workplace award from the, Spain is a five-time winner of the Pacesetter Award from the. A ranking of the richest individuals in the world, which also includes Elon Musk, Jeff Bezos, and legendary investor Warren Buffet, includes him thanks to the success of his company. Zhang does not actively seek attention and makes an effort to avoid being featured in the media. Jones would go on to represent rappers including The Game and Blueface, establishing himself as a celebrity manager in the music industry. For ByteDance, Tik Tok and Toutiao have both had tremendous success. See the gallery for the five billionaires who will join the trillionaire club before the end of this decade. Hurun Research Institute. Jones ran with a rough crowd while growing up and became a member of the Pacoima Piru Bloods gang. In a legal filing in September 2020, the US Department of Justice referred to Zhang as a mouthpiece of the Chinese Communist Party. In 2008, he left his job to pursue his goal of working for Microsoft. Heading into his fight on Saturday vs. the undefeated Zhilei Zhang, Joe Joyce is a top-five heavyweight. Business Solutions including all features. Zhang Yiming ( Chinese: ; born April 1, 1983) is a Chinese internet entrepreneur. Advertisements Zhang Yiming was the fifth software engineer at the said travel website startup. Starting from virtually nothing and growing it to be where it is today, shows Zhangs pure talent for entrepreneurship. Having changed his name from Toutiao, Zhang started ByteDance in 2012. Zhang was named to the Forbes China 30 Under 30 List in 2013. From there he started his own company, 99fang.com. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information In 2020, the privately-owned business raised new investment money at a $180 billion value; Zhang maintains a 22 percent ownership in ByteDance. 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Zhang was listed as number 10 on the Forbes Richest People in China in 2019. Zhang is credited with about 20% of the company based on TikTok CEO's prepared testimony in March 2023. Zhang Yimings net worth is predicted to be $44 billion as of November 2022. Zhang Yiming is a Richest Billionaires professional. Zhang does not seek out publicity and tries to keep out of the media spotlight as much as possible. Mark Spain started out as a sales associate at Colony Homes, where he worked from 1995 to 1997 as a new home sales associate. Changpeng Zhao is a Chinese-Canadian entrepreneur and business executive known for founding Binance, the worlds largest crypto exchange. He recently bought an Indian robotics startup for some $130 million to scale up automation across RIL, an investment expected to increase the companys profits significantly in the future. Mark Spain started his own real estate company in 2016 after 20 years in the industry. The group started out in 1988 with a focus on coal mines, ports and power plants, and has since diversified into airports, data centers and defense in a bid to align its business interests with Indias economic development plan. Through his company, Mark Spain sold over $1.4 billion in residential properties in 2020, and he has expanded his business to cover seven states. Zhang Yimings career as an app developer and software engineer has earned him a huge sum of money. Even though starting a billion dollar company can be stressful, you can always be your best self if you pay attention to your bodys demands. He graduated from university with a degree at the age of 22, in 2005. Accessed June 06, 2023. https://www.statista.com/statistics/278457/ranking-of-the-25-richest-people-in-china/, Hurun Research Institute. His hard work and dedication have paid off, as he is currently one of the richest men in China. Zhang persevered despite Fanfous failure, and after learning that Expedia had acquired Kuxun, Zhang moved to make his move. Setting goals for oneself is a great idea since it will motivate you to achieve your goals in the future. While Zhao isnt big on supercars, he once held a promotional campaign for the company with a Lamborghini as the prize. The brand new group has made history among their fellow South Korean musicians and joined the ranks of some of the industry's most successful acts. Zhang Yiming built one of the largest media platforms in the world, earning a fortune while he was doing it and becoming an internet billionaire. From this, they predicted who would be the first to reach trillionaire status and at what age. March 17, 2022. Zhang Yiming was born in Longyan, China in April 1983. He can buy whatever he wants and owns a fleet of the most expensive cars in the world, including a Rolls Royce and Ferraris. His main source of income is his company. 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