China Bytedance & Tiktok Billionaire Founder Zhang Yiming Becomes China Richest with $49.3 Billion Fortune, 2nd Richest is Nongfu Spring Zhong Shanshan with $47.9 Billion & 3rd Richest is Tencent Pony Ma with $44.4 Billion

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China Bytedance & Tiktok Billionaire Founder Zhang Yiming Becomes China Richest with $49.3 Billion Fortune, 2nd Richest is Nongfu Spring Zhong Shanshan with $47.9 Billion & 3rd Richest is Tencent Pony Ma with $44.4 Billion

2nd November 2024 | Hong Kong

China Bytedance & Tiktok billionaire founder Zhang Yiming has become China richest with $49.3 billion fortune.   The 2nd richest in China is Nongfu Spring Zhong Shanshan with $47.9 billion fortune, and the 3rd richest in China is Tencent Pony Ma with $44.4 billion fortune.  In 2024 August, Zhang Yiming with $43 billion fortune & Liang Rubo with $2.2 billion fortune have donated $28 million (CNY 200 million) to their alma mater Nankai University where both graduated in 2001.  Nankai University is a public university in China Tianjin City.  In 2023, Zhang Yiming setup a new investment company in Hong Kong.  The new investment company is Cool River Venture HK with Zhang Yiming registered as the sole director, and the shareholder is Galaxy (Cayman Islands vehicle).   In 2023 May, Zhang Yiming donated $29 million (CNY 200 million) to his hometown $72 million (CNY 500 million) education fund he had created in 2021.

“ China Bytedance & Tiktok Billionaire Founder Zhang Yiming Becomes China Richest with $49.3 Billion Fortune, 2nd Richest is Nongfu Spring Zhong Shanshan with $47.9 Billion & 3rd Richest is Tencent Pony Ma with $44.4 Billion “

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Bytedance & Tiktok Billionaire Founders Zhang Yiming with $43 Billion Fortune & Liang Rubo with $2.2 Billion Fortune Donate $28 Million to Alma Mater Nankai University Where Both Graduated in 2001, Nankai University is a Public University In China Tianjin City

22nd August 2024 – ByteDance & TikTok billionaire founders Zhang Yiming with $43 billion fortune & Liang Rubo with $2.2 billion fortune have donated $28 million (CNY 200 million) to their alma mater Nankai University where both graduated in 2001.  Nankai University is a public university in China Tianjin City.  In 2023, Zhang Yiming setup a new investment company in Hong Kong.  The new investment company is Cool River Venture HK with Zhang Yiming registered as the sole director, and the shareholder is Galaxy (Cayman Islands vehicle).   In 2023 May, Zhang Yiming donated $29 million (CNY 200 million) to his hometown $72 million (CNY 500 million) education fund he had created in 2021.

ByteDance & TikTok Founder Zhang Yiming with $43 Billion Fortune Setup New Investment Company in Hong Kong, Cool River Venture HK with Zhang Yiming as Sole Director and Shareholder is Cayman Islands Vehicle Galaxy

26th May 2023 – ByteDance & TikTok founder Zhang Yiming with $43 billion fortune has setup a new investment company in Hong Kong.  The new investment company is Cool River Venture HK with Zhang Yiming registered as the sole director, and the shareholder is Galaxy (Cayman Islands vehicle).  Earlier in 2023 May, Zhang Yiming donated $29 million (CNY 200 million) to his hometown $72 million (CNY 500 million) education fund he created in 2021.  More info below.

Billionaire Founder of TikTok & ByteDance with $43 Billion Fortune Zhang Yiming Donates $29 Million to His Hometown $72 Million Education Fund He Created in 2021

5th May 2023 – The billionaire founder of TikTok & ByteDance with $43 billion fortune Zhang Yiming has donated $29 million (CNY 200 million) to his hometown $72 million (CNY 500 million) education fund he created in 2021. The Longyan (Fujian Province, China) education bureau announced the donation, which will be used to support education on public welfare, vocational & art in Longyan city. The education fund is named “Fang Mei” (Zhang Yiming’s grandmothers).

ByteDance

ByteDance was founded in 2012 by a team led by Yiming Zhang and Rubo Liang, who saw opportunities in the then-nascent mobile internet market, and aspired to build platforms that could enrich people’s lives. The company launched Toutiao, one of its flagship products, in August 2012. It followed that success with the launch of Douyin in September 2016. Approximately a year later, ByteDance accelerated globalization with the launch of its global short video product, TikTok. It quickly took off in markets like Southeast Asia, signaling a new opportunity for the company. ByteDance acquired Musical.ly in November 2017 and subsequently merged it with TikTok. Today, the TikTok platform, which is available outside of China, has become the leading destination for short-form mobile videos worldwide. In support of its mission to Inspire Creativity and Enrich Life, ByteDance has made it easy and fun for people to connect with, create and consume content. People are also able to discover and transact with a suite of more than a dozen products and services such as TikTok, CapCut, TikTok Shop, Lark, Pico and Mobile Legends: Bang Bang, as well as products and services specific to the China market, including Toutiao, Douyin, Fanqie, Xigua, Feishu and Douyin E-commerce. ByteDance has over 150,000 employees based out of nearly 120 cities globally, including Austin, Barcelona, Beijing, Berlin, Dubai, Dublin, Hong Kong, Jakarta, London, Los Angeles, New York, Paris, Seattle, Seoul, Shanghai, Shenzhen, Singapore, and Tokyo.

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