TikTok founder becomes China's richest man

The surging global popularity of TikTok has seen the co-founder of its parent company, ByteDance, become China's richest person.

According to a rich list produced by the Hurun Research Institute, Zhang Yiming is now worth $49.3bn (£38bn) - 43% more than in 2023.

The 41-year-old stepped down from his role in charge of the company in 2021, but is understood to own around 20% of the firm

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