TikTok founder Zhang Yiming overtakes Gautam Adani as Asia’s richest

ByteDance founder Zhang Yiming has overtaken Indian billionaire Gautam Adani to become Asia’s richest person, with his fortune rising above $105 billion as the artificial intelligence boom drives a new wave of wealth creation, Bloomberg reported on Wednesday.

Zhang, 43, has seen his wealth rise more than eightfold from the $13 billion Bloomberg recorded in March 2019. His fortune jumped by more than $12 billion this month after the news agency analysed updated valuations reported by investment firms including BlackRock, Fidelity Investments and T. Rowe Price.