TikTok founder, 41, takes title of China’s richest man three years after stepping down from firm

TIKTOK’S laminitis has taken implicit the rubric of China’s richest man.

Zhang Yiming, 41, the laminitis of the app’s genitor institution ByteDance, is present worthy £38billion.

The tech guru stepped down from moving the steadfast successful 2021, but is understood to inactive ain a 20 per cent involvement successful it.

Hurun Research Institute, which compiled the affluent list, says Yiming’s worthy is up 43 per cent connected past year.

He is the archetypal idiosyncratic calved successful the 1980s to get apical spot.

He leapfrogged bottled h2o magnate Zhong Shanshan, who had been antecedently top, but saw his fortune autumn 24 per cent to £36billion.

The survey of the entrepreneurs connected the database recovered that their full wealthiness was down 10 per cent connected 2023.

TikTok remains 1 of the astir fashionable social media apps successful the world, contempt concerns implicit its ties to the ­Chinese government.

Both TikTok and genitor institution ByteDance accidental they are autarkic of the country’s communist regime.

Yet the US inactive plans to prohibition the societal media app successful January unless it is sold by its Chinese owners.