11:48 - 4.06.2026

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June 4, Fineko/abc.az. Zhang Yiming, co-founder of ByteDance (owner of the TikTok social network), has significantly increased his fortune, becoming the second richest man in Asia.

ABC.AZ reports with reference to the Bloomberg billionaires index that thanks to growth of ByteDance's market value and company's success in the field of artificial intelligence, Zhang Yiming's fortune reached $92.8 billion.

Having surpassed Indian billionaire Mukesh Ambani, he not only rose to second place in the region, but also consolidated his status as the richest man in China. For comparison, when Bloomberg began tracking his fortune in March 2019, it was $13 billion (a rise of over 7-fold).

The main factors of the billionaire's rise:

Success in the field of AI: Dubao chatbot created by ByteDance with monthly audience of more than 300 million active users has become the most popular AI-based application in China.

Permutations in the USA: Earlier this year, the company transferred part of its American operations to local investors.

The current situation of the Top 3 richest people in Asia:

Gautam Adani (India) remains the richest man in Asia with a fortune of $117.4 billion.

Zhang Yiming (China) - $92.8 billion (2nd place in Asia, 1st place in China).

Mukesh Ambani (India) - his fortune has dropped to $86.9 billion, which is why he dropped to the 3rd place in the region.