Zhang Yiming surpassed Mukesh Ambani to become Asia’s second-richest person after a rise in ByteDance’s valuation and further progress in the Chinese firm’s artificial intelligence ambitions.
Zhang’s net worth climbed to US$92.8 billion, cementing his position as China’s richest person, according to the Bloomberg Billionaires Index.
Meantime, Ambani dropped to the third-richest in Asia, the Bloomberg index showed, with a net worth of US$86.9 billion. Gautam Adani retained the region’s top spot at US$117.4 billion.
