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ByteDance founder Zhang Yiming is China’s second-richest person: Hurun · TechNode


ByteDance founder Zhang Yiming ranks second in Hurun’s China Rich List of 2021, published Wednesday. Zhang tripled his wealth last year, overtaking Pony Ma of Tencent and Jack Ma of Alibaba with $52.8 billion. Hit by China’s crackdown on video games, Pony Ma of Tencent dropped to fourth place on the list and lost 19% of his wealth to be valued at $49.2 billion. Alibaba’s Jack Ma, last year’s richest person, dropped four places to fifth with a value of $22.6 billion, partly due to the country’s antitrust drive. Zhong Shanshan, the founder of bottled water company Nongfu Spring, ranks first with $60.6 billion. [Hurun]



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Written by Aakash Malu

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