Today we are going to talk about the most famous and established internet entrepreneur whose name is Zhang Yiming. Recently, he came into the headlines when he resigned from his CEO ByteDance post. Yes, he stepped down from his post. Zhang has gained so much popularity and fame as an internet entrepreneur. He is also a co-founder of TikTok. Since the news has come, his company is in shock. However, he also revealed the reason behind his resignation from his post. Through this post, our viewers will come to know more about the entrepreneur and the reason behind his resignation.

Zhang Yiming

Who is Zhang Yiming?

Talking about Zhang Yiming, he is a Chinese billionaire internet entrepreneur who took birth on April 10, 1983, in Longyan, Fujian, China. He is 38 years old entrepreneur who is the founder of the ByteDance. He started this company in 2012. He also founded TikTok which is a video sharing platform. It was also known as Musical.ly. He studied microelectronics at Nankai University, Tianjin. After that, he started studying software engineering. He completed his graduation in the year 2005. He was very intelligent in maths and science subjects when he was in school.

Zhang Yiming Net Worth 2021

As per the reports of the Bloomberg Billionaires Index, the net worth of Zhang is around $45.5 billion. As we all know that TikTok is a video sharing platform and it is developed by ByteDance which belongs to Zhang Yiming. According to Business Insider, ByteDance’s net worth estimated $250 billion as of 2021. However, it is not revealed that how much he made in the initial release of TikTok. As per Forbes, Zhang made his place in the list of “China 30 Under 30” in 2013. In 2018, he was listed in the list of Fortune magazine’s “40 Under 40”.

Zhang Yiming Wikipedia, Age, Wife

Zhang was placed in the 9th position in the list of Forbes’ China Rich List 2020 and at 39 spots on Forbes’ Billionaires in 2021. In 2012, he launched a news app named Toutiao which made its place in Time Magazine’s “100 Most Influential People” in the year 2019. On 21 May 2021, Zhang announced his resignation from the post of CEO at ByteDance company. He also revealed the reason behind stepping down from the post. He said that he thinks that he is not fit for the CEO post due to a lack of skills to become an ideal manager. He further said that he has more zest in analytics and strategy. That’s all, we know about Zhang Yiming. To know more about this article, stay tuned with us for more updates.

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