TikTok creator Zhang Yiming topped the ranking of the richest people in China

The founder of the Chinese company ByteDance, which includes the TikTok platform, entrepreneur Zhang Yiming, for the first time, was recognized as the richest man in China with a fortune of $ 57.5 billion. The corresponding data on March 27 is provided by Bloomberg.

According to the Bloomberg Billionaires Index compiled by the agency, Zhang Yiming turned out to be richer than Pony Ma, co-founder of the technology company Tencent Holdings ($56.6 billion) and Zhong Shanshan, head of the Nongfu Spring water and soft drinks company ($54.1 billion).

In addition, Zhang simultaneously took the third place in the list of the richest people in Asia after Indian entrepreneurs Mukesh Ambani and Gautam Adani.

"For a 41-year—old man, this is a significant turn of events after a period of threats to ban TikTok and the popular ByteDance app in the United States, and the temporary withdrawal of music from the social network by the world's largest record label," Bloomberg said.

On February 25, The Wall Street Journal reported that American entrepreneur and head of the Department for improving the efficiency of the US government (DOGE) Elon Musk topped the superbillionaire rating according to the analytical company Altrata. It includes 24 people from all over the world, whose fortune exceeds $50 billion. Musk's fortune is estimated at $419.4 billion. The second and third places were taken by Jeff Bezos, founder of the American online retailer Amazon ($263.8 billion) and Bernard Arnault, owner of the luxury giant LVMH ($238.9 billion).