⬅ # 28 Giovanni Ferrero|# 30 Ma Huateng

# 29 Zhang Yiming 

$42.7B

Real Time Net Worth
as of 5/21/2024

# 29 Zhang Yiming 

$42.7B

Real Time Net Worth
as of 5/21/2024
OccupationFounder, ByteDance
Source of WealthTikTok
Age40
ResidenceBeijing, China
EducationBachelor of Engineering, Nankai University
Age-Adjusted Net Worth$165B
Zhang Yiming
Zhang Yiming
China
Net worth: $42.7B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Zhang Yiming was born in 1983 in Longyan, Fujian, China.
He is the founder and former CEO of ByteDance, a tech company known for creating popular apps like TikTok and Douyin.
Zhang Yiming started his career in tech by working for Microsoft and later founded a real-time search engine called 99Bill.
In 2012, he launched ByteDance and initially gained success with the news aggregator app Toutiao, utilizing machine learning algorithms for personalized content recommendations.
Zhang's breakthrough came with the international expansion of TikTok, which quickly became a global phenomenon, reaching millions of users worldwide.
ByteDance's valuation soared, making Zhang one of the most influential figures in the tech industry.
Despite global success, Zhang decided to step down as CEO of ByteDance in 2021, focusing on his long-term goals and pursuits outside of the daily operations.
He is known for promoting a unique corporate culture at ByteDance, emphasizing innovation, creativity, and a commitment to user satisfaction.

How long would it take you to become as rich as Zhang Yiming?

If you started with $10,000 and invested an additional $500 each month at a 44.10% CAGR, it would take you 5 years to reach Zhang Yiming's net worth of $42.7B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.76% compared to 11.89% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Zhang Yiming is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Zhang Yiming, TikTok is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey