TikTok parent ByteDance's founder is China's richest person again
Summary
ByteDance founder Zhang Yiming returned to the top of Hurun’s China rich list, with an estimated net worth of $100 billion, up 43% from last year. The list showed strong gains for people in AI and other technology fields, while wealth in consumer businesses and real estate fell.Key Facts
- Hurun counted 1,529 people with more than 5 billion yuan in wealth, a 6.6% increase from last year.
- The list included 1,176 billionaires measured in U.S. dollars, 155 more than last year.
- Hurun said 160 people on the list made their money from artificial intelligence.
- Zhong Shanshan, a bottled-water entrepreneur, ranked second with an estimated $61 billion, down 23%.
- Robin Zeng, chairman of electric-vehicle battery maker CATL, ranked third.
- DeepSeek founder Liang Wenfeng ranked seventh, and Cambricon chair Chen Tianshi ranked 10th.
- Hurun said no mainland Chinese property developer remained in the top 100.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
