Loading...
Market
Will ByteDance's global revenue exceed $100 billion by the end of 2024?
3
ByteDance•Zhang Yiming•China•Hurun China Rich List•TikTok•United States•Zhang•Zhong Shanshan•Nongfu Spring•Tencent•Ma Huateng•Jack Ma
Resolution / Starting Odds
Yes • 50%
No • 50%
ByteDance's official financial statements or credible financial news reports
Story
ByteDance Founder and TikTok Owner Zhang Yiming Tops China's Rich List at $49.1 Billion
Oct 29, 2024, 07:29 AM
ByteDance founder Zhang Yiming has become China's richest person, according to the Hurun China Rich List 2024, with a personal wealth of approximately CNY350 billion (USD49.1 billion). ByteDance, known globally as the parent company of TikTok, has seen its global revenue jump despite TikTok's legal challenges in the United States. Zhang, who stepped down as CEO in 2021, surpassed Zhong Shanshan of Nongfu Spring, who had held the top spot for three consecutive years. Tencent's CEO Ma Huateng ranked third, while Jack Ma and his family remained on the list. The rise of Zhang and other tech entrepreneurs reflects the growing dominance of the technology sector in China, even as industries like real estate and renewables face challenges.
View original story
Similar markets
Below $250 billion • 25%
$250 billion to $300 billion • 25%
$300 billion to $350 billion • 25%
Above $350 billion • 25%
Less than 30% • 25%
30% to 35% • 25%
35% to 40% • 25%
More than 40% • 25%
Less than 50% • 25%
50% to 60% • 25%
60% to 70% • 25%
More than 70% • 25%
Less than 40% • 25%
40% to 50% • 25%
50% to 60% • 25%
More than 60% • 25%
TikTok Shop • 25%
Advertising • 25%
New Product Launches • 25%
Other • 25%