TikTok co-founder leaves Mukesh Ambani behind, becomes Asia’s 2nd richest:Reliance’s owner slips to 3rd rank; Gautam Adani tops Asia’s rich list

TikTok’s parent company ByteDance’s co-founder Zhang Yiming has surpassed Mukesh Ambani to become Asia’s second richest person. According to the Bloomberg Billionaires Index, Zhang’s wealth has now reached ₹8.9 lakh crore ($93 billion). Meanwhile, Reliance Industries’ CMD Mukesh Ambani’s wealth stands at ₹8.31 lakh crore ($86 billion). Asia’s richest person is Adani Group owner Gautam Adani. Asia’s Top 5 Richest People Zhang’s Wealth Increased Due to Success of AI Chatbot Doubao Zhang’s wealth has increased due to ByteDance’s rising valuation and the success of AI chatbot Doubao. This is an advanced AI assistant similar to OpenAI’s ChatGPT and Google’s Gemini, which are famous in India and worldwide. This chatbot has 300 million (30 crore) users in China. Wealth Increased 7 Times in 7 Years Zhang owned assets worth ₹1.24 lakh crore in 2019. In the past 7 years, his wealth has increased seven times or more. The company’s crisis was resolved after the sale of TikTok’s business in America. Bloomberg has reduced the valuation cut from 25% to 10%. Due to this, after analysis by investors like BlackRock and Fidelity, Zhang’s wealth has increased by ₹2.30 lakh crore. The company will spend ₹6.7 lakh crore in the AI sector this year. However, Gautam Adani is Asia’s richest person with assets worth ₹11.19 lakh crore. Elon Musk is the World’s Richest Person The world’s richest person Elon Musk’s total wealth is ₹69 lakh crore ($726 billion). Meanwhile, Google’s founder Larry Page is in second place and Larry Ellison is in third place in this matter.