ByteDance Founder Zhang Yiming Reclaims Top Spot in China’s Rich List, Thanks to His Firm’s AI Push – WTOP News
AI-driven gains lifted Zhang Yiming to $100 billion, while 160 rich listers now make their money from artificial intelligence, Hurun said.
- On Tuesday, The Hurun Research Institute released its annual rich list, with ByteDance founder Zhang Yiming reclaiming the top spot at $100 billion, up 43% fueled by artificial intelligence.
- Rupert Hoogewerf, Hurun Report chairman, stated Zhang's wealth gain was "almost all of it on the back of AI." ByteDance's Doubao is China's most used AI assistant, positioning the company as the primary wealth engine.
- Bottled water magnate Zhong Shanshan fell to second place with $61 billion, down 23%, while CATL chairman Robin Zeng ranked third. Xiaomi chairman Lei Jun was this year's "biggest faller," with wealth halved to $25.1 billion.
- High-Tech sectors surged while consumer and real estate fortunes declined across the board. No property developers remain in the Top 100, leaving only Hong Kong landlord families at the top.
- The rankings emerge as China works to meet official annual growth targets of 4.5% to 5%. The Hurun Research Institute found a record 1,529 people with wealth exceeding $750 million, up 6.6% from last year.
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The 43-year-old businessman increased the fortune by 200 billion yuan (almost 27 billion euros), thanks to the expansion of ByteDance's artificial intelligence (AI) business, which boosted the company's assessment and allowed Zhang to lead the national ranking for the second time, after 2024.
Zeit Online
Beijing, 27 Oct (EFE).- Zhang Yiming, founder of ByteDance, parent of TikTok, regained first place among China's greatest fortunes with a record 670 billion yuan (about 100.480 million dollars), according to the list published this Tuesday by Hurun Report, marked by the rise of artificial intelligence (IA). [...] TikTok's Founder's entry beats record wealth in China driven by AI, according to ‘Forbes china’ was first published in HolaNews.
ByteDance founder Zhang Yiming reclaims top spot in China's rich
BEIJING (AP) — ByteDance founder Zhang Yiming reclaimed the top spot on a list of China’s richest people, driven by his company’s push into artificial intelligence. The rankings released by The Hurun Research Institute on Tuesday reflected
ByteDance founder Zhang Yiming reclaims top spot in China’s rich list, thanks to his firm’s AI push – WTOP News
BEIJING (AP) — ByteDance founder Zhang Yiming reclaimed the top spot on a list of China’s richest people, driven by his company’s push into artificial intelligence. The rankings released by The Hurun Research Institute on Tuesday reflected that the country’s high-tech sectors were rising but others like consumer and real estate were under pressure. The institute, which has published the list annually since 1999, found a record 1,529 people with …
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