China's biggest billionaires have a first name, last name, big companies and are in technology. TikTok, for example, is a Chinese app managed by ByteDance, as well as the Xiaomi brand, which has conquered the technological scene worldwide.
TikTok has been experiencing an intense moment of almost countless earnings, but the US ban could put the company's actions to the test.
According to information, the social network may be banned in the US country for national security reasons. By 2024, TikTok in the US could earn the Chinese company $40 or $50 billion, as Bloomberg reported.
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ByteDance CEO Zhang Yiming's net worth is also reportedly about to face a drop. Zhang is one of the billionaires who have invested in the technology and are securing huge fortunes in the field, taking the lead in the country's politics.
China's 10 Billionaires in Tech
1. Zhang Yiming ($42.3 billion)
At 40 years of dyad, Zhang Yiming is founder and CEO of ByteDance, the company that organizes and structures TikTok. In addition to the social network, the company also manages FlipChat, a direct competitor to WeChat, and the entire Chinese fortune comes from these two sources.
The company is currently valued at $220 billion by Bloomberg and generated $80 billion in revenue last year. In the US alone, TikTok could be worth between $40-$50 billion.
2. Ma Huateng ($40.3 billion)
At the age of 51, co-founder and CEO of Tencent, the billionaire owns the company responsible for the technology of the messaging application WeChat, used by more than 1 billion people. According to Bloomberg, the billionaire's company was valued at $439 billion in the current market, based on data from Yahoo Finance.
In addition to the messaging app, he also owns 30% of WeBank, the first Chinese digital private bank, and the company Timi Studio Group – a game developer.
3. Jack Ma ($34 billion)
The 58-year-old businessman is co-founder and CEO of Alibaba, an electronics company in China. Incidentally, this is the company known as the “Amazon of China”. Jack Ma currently owns 3.9% of Alibaba, a company valued at US$ 245 billion in the domestic market.
According to Forbes, the businessman also has his entertainment fortune from Beijing Enlight Media and Huayi Brothers.
4. William Ding ($27.9 billion)
CEO of NetEase, at the age of 51, he brought popular games - such as "Overwatch", "World of Warcraft" and "Westward Journey" - to the internet in China. In addition to virtual games, he also brought Marvel comics to China, as reported by the South China Morning Post.
He owns the NetEase-based fortune valued at $57 billion, as Yahoo Finance reported (44% stake).
5. Colin Huang ($24.2 billion)
Founder and CEO of PDD Holdings, the company responsible for the Pinduoduo e-commerce platform, valued at over 700 million users. The company supplies cosmetic products virtually, ensuring that Huang could become a billionaire in just 3 years with the company.
According to Bloomberg, Huang's stake in the company was 28%.
6. Zhang Zhidong ($16.3)
He also goes by the name Tony Zhang, made his fortune as a co-founder of Tencent, owning 3.4% of the shares. Zhang met Ma Huateng at university in 1998 and later became responsible for Tencent's launch of WeChat.
He left the company in 2014, but remains active as president of Tencent Academy and lives to deliver new lectures.
7. Lei Jun ($11.7 billion)
Popularly known as China's Steve Jobs, as reported by the South China Morning Post. At the age of 53, Jun is the founder and current president of Xiaomi, responsible for more affordable smartphone devices. In 2022, the brand reached third place as the best-selling smartphone in the world, as guided by Forbes.
He currently owns 24% of the company, as Bloomberg advised, with Xiaomi being valued at $39 billion in the market.
8. Gong Hongjia ($11 billion)
Also known as Kung Hung Ka, he is the co-founder of Hangzhou Hikvision Digital Technology, a company responsible for technological surveillance. At the age of 58, the businessman is also the founder of the Chinese mobile internet, Funinhand, Tescun, a radio manufacturer, and the security company Watchdata Technologies.
Being the largest shareholder in Hikvision, most of his equity comes from that company as well. In the market, Hikvision was valued at $60 billion, as Yahoo Finance claimed.
9. Robin Li ($9.7 billion)
At 54 years old, he is co-founder and CEO of Baidu. The company is a search engine and has about 620 million monthly users, as Bloomberg claimed. This is the same company responsible for Baidu Encyclopedia, considered the largest Chinese language encyclopedia in the world.
The businessman is entitled to 20% of Baidu, as reported by Bloomberg, and the company was valued at US$ 46 billion, as guided by Yahoo Finance.
10. Richard Liu ($9.5 billion)
Popularly known as Liu Qiangdong, at the age of 50, he is the founder of JD.com. The company is an e-commerce company and has more than 500 million active users. With 14.5% of the company, he was the largest individual shareholder last year, and JD.com is worth $7 billion in the market.