Bytedance’s Zhang Yiming Returns as China’s Wealthiest Person

WHO:

CBS News World - Zhang Yiming is the founder of ByteDance, the parent company of TikTok.

ABC News Business - Zhang Yiming is the founder of ByteDance.

WHAT:

CBS News World - Zhang Yiming reclaimed the top spot on a list of China’s richest people.

ABC News Business - Zhang Yiming reclaimed the top spot on a list of China’s richest people.

WHERE:

CBS News World - The wealth ranking is for China.

ABC News Business - The wealth ranking is for China.

WHY:

CBS News World - Zhang Yiming’s return to the top spot was driven by ByteDance’s push into AI.

ABC News Business - Zhang Yiming’s return to the top spot was driven by ByteDance’s push into artificial intelligence.

(UPDATED October 27, 2026 11:05 UTC)

Zhang Yiming, founder of ByteDance, the parent company of TikTok, has reclaimed the top spot on China’s richest-people list. His return to number one was driven by ByteDance’s push into artificial intelligence. The ranking places him at the top among China’s wealthiest people.