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[ByteDance’s Zhang Yiming became Asia’s richest man, surpassing Adani who was born in traditional industries] September 16th, as wealth related to artificial intelligence soared, billionaires in traditional industries were surpassed. ByteDance’s Zhang Yiming became Asia’s richest man for the first time. The 43-year-old Zhang Yiming’s net worth has now exceeded US$105 billion. He is worth more than Indian billionaire Gautam Adani, according to the Bloomberg Billionaires Index. Zhang Yiming's wealth has grown about seven times compared to the $13 billion recorded in March 2019 when Bloomberg first tracked it. Zhang Yiming is China's richest man, thanks to the global popularity of TikTok and ByteDance's layout in the AI field, including the popular AI chatbot Doubao and video generation model Seedance. Today's move to the next level highlights the huge new wealth created by the AI boom, allowing traditional wealthy people such as Adani, energy and retail tycoon Mukesh Ambani and Japan's Uniqlo Tadashi Yanai to be surpassed.
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