Yiming has surpassed Zhong Shanshan, chairman of bottled water maker Nongfu Spring, whose fortune is estimated at $43.3 billion, according to Forbes.
The founder of “Byte Dance“On the throne of China’s richest people, as a result of the decline in the wealth of Shanshan, 69 years old, who has a fortune estimated at $4.4 billion, after the share of “Nongfu Spring” listed in Hong Kong fell by 7.5 percent since announcing negative business results on August 28.
Yiming, 40, has maintained his net worth despite the decline in the valuation of ByteDance, the owner ofTik TokUnlisted; to $217 billion from its peak of $400 billion in 2021, according to Forbes estimates.
