Bloomberg Billionaires Index

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# 106 Zhang Yiming $13.0B

Random fact: Bytedance head office is in a former aerospace museum in Beijing.

Overview

Zhang is the founder of Bytedance, a social media group that's been called the world's most valuable startup. The Beijing-based company owns China's most popular news aggregation app Toutiao and had revenue of about 50 billion yuan ($7.4 billion) in 2018. Other products include TikTok, an app for the creation of short mobile videos.

As of :
Last change No change
YTD change No change
Industry Technology
Biggest asset Bytedance
Citizenship China
Age 36
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Zhang Yiming's net worth of $13.0B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

Zhang's wealth is derived from his majority stake in Bytedance, a social media group. The Beijing-based business had revenue of about 50 billion yuan ($7.4 billion) in 2018, according to a Bloomberg News report dated Jan. 16, 2019.

Zhang is assumed in this analysis to have owned 98.8% of the company in 2013. His stake is calculated here to have been diluted to 65% based on media reports about the company's subsequent capital raisings.

Bytedance was valued at $20 billion in 2017, according to a Bloomberg interview with Zhang in September 2017. It's since been reported that the business was valued at $75 billion valuation in a 2018 funding round. This valuation isn't applied here because the details haven't been confirmed.

Yin Ai, an external spokeswoman of the company, declined to comment on Zhang's net worth.

Biography

Birthdate: 1/1/1983
Family: Married, No children
Education: Nankai University

Zhang Yiming was born in 1983 in Fujian province of China. He grew up in the southeastern city of Longyan, the only son of civil servants, according to a Bloomberg News report in 2017.

He studied software engineering in Nankai University in Tianjian. Graduating in 2005, he started his career as an engineer at the tourism search website, Kuxun.com. In 2009, Zhang started his first business, a property search site called 99fang.com. He quit the business three years later.

In 2012, Zhang founded Bytedance, a Beijing-based business that provides news aggregation services. The company is said to have had revenue of about 50 billion yuan ($7.4 billion) in 2018. It's valuation has reached as high as $75 billion, according to a Bloomberg News report dated Jan. 16, 2019.

Milestones
  • 2012 Bytedance was founded in Beijing.
  • 2014 Daily active users climbed to more than 13 million.
  • 2015 Launched its first international product TopBuzz.
  • 2017 Acquired News Republic, a global media news aggregator.