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ByteDance’s Zhang Yiming tops China rich list with US$99.7 billion as AI fuels fortunes
ByteDance’s Zhang Yiming tops China rich list with US$99.7 billion as AI fuels fortunes
ByteDance founder Zhang Yiming has reclaimed the title of China’s richest person with a nearly US$100 billion fortune, as artificial intelligence powers a surge in wealth among China’s top entrepreneurs, according to the Hurun Research Institute. The 43-year-old Zhang, who topped the ranking in 2024, saw his wealth rise 43 per cent to US$99.7 billion – a record for China’s richest individual – as…