TikTok founder tops China rich list with $99.7B as AI boom lifts billionaires

Zhang Yiming, founder of ByteDance/TikTok, regained the top spot on China's rich list with a fortune of $99.7 billion, driven by the AI boom. The number of Chinese billionaires rose to 1,176, surpassing the US by 176, signaling a shift in global wealth distribution. This reflects the growing market valuation of Chinese tech and AI companies, though the list is based on estimated net worth and may not fully capture private valuations.

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