HONG KONG: ByteDance founder Zhang Yiming has overtaken Indian billionaire Mukesh Ambani to become Asia’s second-richest person, according to the latest Bloomberg Billionaires Index.
The ranking by Bloomberg Billionaires Index shows Zhang’s net worth has surged to around $92.8 billion, driven by a sharp rise in ByteDance’s valuation amid strong global demand for its products.
He is now second only to India’s Gautam Adani, whose wealth is estimated at about $97.9 billion.
Ambani, chairman of Reliance Industries, has reportedly slipped to third place with an estimated net worth of $86.9 billion.
The rise in Zhang’s fortune is attributed to ByteDance’s expanding global popularity, particularly the continued dominance of its short-video platform TikTok, as well as rapid growth in the company’s artificial intelligence ventures. Its AI chatbot Doubao has reportedly attracted more than 300 million monthly users in China.
Bloomberg data indicates that a recent increase in ByteDance’s valuation, supported by growing investor confidence and developments in its US operations, added more than $24 billion to Zhang’s personal wealth.
Zhang co-founded ByteDance in 2012 and has seen his net worth multiply more than sevenfold since Bloomberg began tracking his wealth in 2019.
More read, TikTok updates users on policy enforcement in Q4 2025 results
Earlier, TikTok has released its Q4 2025 Community Guidelines Enforcement Report, showcasing its ongoing commitment to creating a safe digital space for its users.
The report, which covers data from October to December 2025, details the proactive steps TikTok has taken to identify and remove content that violates its Community Guidelines, ensuring a positive experience for its global community.
In Q4 2025, TikTok removed a total of 22,990,460 videos in Pakistan for Community Guidelines violations. TikTok proactively removed 99.9% of the videos, with 98.4% of these videos removed within 24 hours.
Globally, TikTok removed a total of 175 million (175,302,085) videos worldwide in this quarter, which represents about 0.5% of all content uploaded to the platform.
