PANews, September 16 – According to a report by Jiemian News, as wealth tied to artificial intelligence surges, billionaires in traditional industries have been overtaken. ByteDance's Zhang Yiming has become Asia's richest person for the first time. The 43-year-old Zhang Yiming now has a net worth exceeding $105 billion.
According to the Bloomberg Billionaires Index, his wealth has surpassed that of Indian billionaire Gautam Adani. Compared to the $13 billion recorded when Bloomberg first tracked him in March 2019, Zhang Yiming's fortune has grown approximately sevenfold.
Zhang Yiming was already China's richest person, thanks to the globally popular TikTok and ByteDance's initiatives in the AI field, including the popular AI chatbot Doubao and the video generation model Seedance. This latest rise to a higher level highlights the massive new wealth created by the AI boom, allowing him to surpass traditional tycoons such as Adani, energy and retail magnate Mukesh Ambani, and Japan's Uniqlo founder Tadashi Yanai.