Zhang Yiming, the founder of TikTok and CEO of parent firm ByteDance, is Beijing’s richest resident. Photo: Imaginechina
Zhang Yiming, the founder of TikTok and CEO of parent firm ByteDance, is Beijing’s richest resident. Photo: Imaginechina
Zhang Yiming, the founder of TikTok and CEO of parent firm ByteDance, is Beijing’s richest resident. Photo: Imaginechina

Forbes billionaires list: Beijing ends New York’s seven-year run as home to most number of rich people, as surging stocks boost tech, manufacturing moguls

  • New York has lost its No. 1 ranking for the first time in seven years
  • While Hong Kong added nine billionaires to the Forbes list last year, Li Ka-shing remains the city’s wealthiest resident

Topic |   Concentrated wealth
Zhang Yiming, the founder of TikTok and CEO of parent firm ByteDance, is Beijing’s richest resident. Photo: Imaginechina
Zhang Yiming, the founder of TikTok and CEO of parent firm ByteDance, is Beijing’s richest resident. Photo: Imaginechina
Zhang Yiming, the founder of TikTok and CEO of parent firm ByteDance, is Beijing’s richest resident. Photo: Imaginechina
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