{"id":119742,"date":"2024-10-29T17:00:46","date_gmt":"2024-10-29T10:00:46","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=119742"},"modified":"2024-10-29T17:00:46","modified_gmt":"2024-10-29T10:00:46","slug":"bytedance-founder-tops-chinas-rich-list-beating-tencent-ceo-nongfu-chair","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=119742","title":{"rendered":"ByteDance founder tops China&#8217;s rich list, beating Tencent CEO, Nongfu chair"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108012687\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Night view of the Lujiazui financial district in downtown Shanghai.<\/p>\n<p>Yongyuan Dai | E+ | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>ByteDance founder Zhang Yiming for the first time has <a href=\"https:\/\/www.hurun.net\/en-US\/Info\/Detail?num=8S9MBRWXLAT6\" target=\"_blank\" rel=\"noopener\">emerged as China&#8217;s richest person, <\/a>according to a list compiled by Hurun Research Institute, leaving behind Nongfu Spring Chairperson Zhong Shanshan who has topped the rankings for three years.<\/p>\n<p>Zhang, 44, with a personal wealth of $49.3 billion, beat &#8216;bottled water king&#8217; Zhong, whose wealth dropped 24% to $47.9 billion after <a href=\"https:\/\/www.cnbc.com\/2024\/08\/28\/nongfu-spring-shares-fall-after-sharp-slowdown-in-profit-growth.html\">a public backlash against his company in February<\/a>. Zhang was <a href=\"https:\/\/www.hurun.net\/en-us\/info\/detail?num=Y32Q1C4OM9CL\" target=\"_blank\" rel=\"noopener\">ranked fifth last year<\/a>.<\/p>\n<p>ByteDance is known for its popular app, TikTok, which has over <a href=\"https:\/\/seo.ai\/blog\/how-many-users-on-tiktok\" target=\"_blank\" rel=\"noopener\">a billion active monthly users<\/a> globally. The company&#8217;s profits surged around 30% last year, Hurun stated.<\/p>\n<p>Pony Ma Huateng, CEO of Chinese internet giant Tencent, dropped one spot to third place, even as his wealth rose 13% to $44.4 billion amid a jump in Tencent&#8217;s revenue and profit.<\/p>\n<p>Colin Huang, founder of e-commerce platform Pinduoduo, was ranked fourth as his wealth declined by 9%. Midea founder He Xiangjian and CATL&#8217;s CEO Zeng Yuqun took fifth and sixth places on the list.\u00a0<\/p>\n<p>China has 1,094 individuals with wealth exceeding 5 billion yuan ($700 million), down by 12% or 147 individuals from the previous year, according to Hurun Research. The combined wealth of these entrepreneurs amounted to $3 trillion, 10% lower than last year.<\/p>\n<p>The country&#8217;s billionaire count dropped by 142 to 753 from a year earlier \u2014 and down more than 30% from the 2021 high of 1,185.<\/p>\n<p>&#8220;The Hurun China Rich List has shrunk for an unprecedented third year running, as China&#8217;s economy and stock markets had a difficult year,&#8221; said Rupert Hoogewerf, Hurun report chairman and chief researcher.<\/p>\n<p>The current rich list predominantly comprises entrepreneurs from the technology, consumer electronics and new energy space, from what used to be dominated by real estate developers, Hoogewerf noted.<\/p>\n<p>&#8220;The stories of the individuals on the Hurun China Rich List tell the story of the Chinese economy,&#8221; he said.\u00a0<\/p>\n<p>The new generation of Chinese entrepreneurs are also more international than their predecessors, Hoogewerf observed, citing how ByteDance&#8217;s Zhang went global with TikTok and Pinduoduo&#8217;s Huang crafted Temu&#8217;s ascent as a global e-commerce hub.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cnbc.com\/2024\/10\/29\/bytedance-founder-tops-chinas-rich-list-beating-tencent-ceo-nongfu-chair-.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Night view of the Lujiazui financial district in downtown Shanghai. Yongyuan Dai | E+ | Getty Images ByteDance founder Zhang Yiming for the first time has emerged as China&#8217;s richest &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=119742\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-119742","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/119742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=119742"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/119742\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=119742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=119742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=119742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}