⬅ # 173 Brian Chesky|# 175 Wei Jianjun

# 174 Tony Zhang 

$11.6B

Real Time Net Worth
as of 4/20/2024
-$29.2M (-0.25%)

# 174 Tony Zhang 

$11.6B

Real Time Net Worth
as of 4/20/2024
-$29.2M (-0.25%)
OccupationCofounder, Tencent
Source of WealthInternet Media
Age52
ResidenceShenzhen, China
Marital StatusMarried
Children2
EducationBS, Shenzhen University; MA, South China University of Technology
Age-Adjusted Net Worth$19.9B
Tony Zhang
Tony Zhang
China
Net worth: $11.6B

Self-Made Score 

Wealth History

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Biography

Early Life

Zhang Zhidong, also known as Tony Zhang, was born in 1972 in China.
He attended Shenzhen University, where he was in the same class as Tencent's founder, Ma Huateng.
Zhang holds a Bachelor of Science degree in Computer Science from Shenzhen University (1993) and a Master of Science degree in Computer Application and System Structure from South China University of Technology (1996).

Career

In 1998, Zhang Zhidong co-founded Tencent with Pony Ma, becoming one of the key figures in the company's establishment.
He served as Tencent's Chief Technology Officer for 16 years, overseeing the development of proprietary technologies and leading an industry-leading technical team.
Zhang stepped down from his role as executive director and CTO in 2014, citing personal reasons.
Currently, he holds the position of Advisor Emeritus and Honorary Dean of Tencent Academy, which was established in 2007 to provide employee training and career development opportunities.

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

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Tony Zhang's net worth of $11.6B.

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 34.07% compared to 5.08% for the S&P 500 benchmark.

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Tony Zhang 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 Tony Zhang, Internet Media 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