TikTok Founder Zhang overtakes Adani to become Asia's richest person

Zhang Yiming, the founder of TikTok's Chinese owner ByteDance, has overtaken Gautam Adani to become Asia's richest person with a net worth of over $105 billion, according to the Bloomberg Billionaires Index. This is the first time that Yiming has achieved this rank. His wealth increased eightfold from $13 billion in 2019 amid the company's expansion into AI.