Zhang Yiming

TikTok founder Zhang Yiming becomes Asia’s richest person

Zhang Yiming, the 43-year-old founder of ByteDance, has become Asia's richest person for the first time after his net worth crossed $105 billion, surpassing Indian industrialist Gautam Adani, according to the Bloomberg Billionaires Index.

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ByteDance founder Zhang Yiming becomes Asia’s richest person

ByteDance has signed a $29.6 billion syndicated loan with 28 banks, securing Asia's second-largest dollar-denominated borrowing of 2026 as the TikTok parent company accelerates its push into artificial intelligence infrastructure outside China.

ByteDance readies real-time world model under Zhang Yiming

ByteDance founder Zhang Yiming is personally directing the development of an AI model capable of generating real-time spatial video, with a launch possible as soon as next month, Bloomberg reported Monday, citing people familiar with the matter.