TikTok Founder's $60 Billion Fortune Places Him Among The World's Richest People
- ByteDance’s Zhang Yiming may soon be among world’s richest
- Shares trade privately at valuation of more than $250 billion
This article is for subscribers only.
Just last year, the world’s most valuable startup, ByteDance Ltd., was being squeezed from all sides.
The Trump administration wanted the Chinese firm, which owns the ubiquitous TikTok video-sharing platform, to get rid of assets. Beijing was cracking down on tech businesses, and India blacklisted some of its social-media apps.