... now has a net worth of $16.2 billion, Forbes estimates. Our mission is to inspire creativity and bring joy. The 35-year-old founder of Bytedance Ltd. is worth about $13 billion, according to the Bloomberg Billionaires Index, making him China’s 9th-richest person and one of the fastest in modern times to amass a mega-fortune. ByteDance is chaired by billionaire Zhang Yiming, who has a net worth … Pappas served as the strategic advisor for ByteDance from November – December 2018. The jump in valuation comes despite a U.S. order, citing national security grounds, that ByteDance must divest TikTok’s U.S. assets. Zhang Yiming built a $16.2 billion fortune after founding ByteDance, the Chinese software developer behind TikTok. Yin Ai, a Bytedance spokeswoman, declined to comment on Zhang’s wealth or the ownership structure. Per Day: Per Hour: Per Minute: Per Second: $ 70,000 $ 3,000 $ 50 $ 1.00: Since you arrived on this page at , Bytedance Earned: ByteDance has emerged as the world’s most valuable startup on the explosive popularity of TikTok, where more than a billion, largely young, users share short clips of lip-syncing and dance videos. For TikTok-owner ByteDance, the coronavirus outbreak has been a boon to business. TikTok is the leading destination for short-form mobile video. Her actual net worth is unknown. View ByteDance stock / share price, financials, funding rounds, investors and more at Craft. ByteDance’s huge valuation came on the back of a funding round which saw investors led by SoftBank invest $3 billion in October 2018. ByteDance funding rounds. Some investors of TikTok's parent company ByteDance seeking to take over the popular social media app are valuing it at about $50 billion (roughly Rs. In the first quarter of 2020, the Bytedance company has generated more than 5.6 billion dollars in revenues because of the lockdown effect all over the world. This Chinese based Bytedance is now worth more than 200 billion dollars because of its more than 130% increase in … TikTok is owned by ByteDance, which has been around since 2012 and has a $75 billion valuation. Rightways: Sowing the seeds to Success: Think Global, Act Local; Change & Grow Rich; Sow as You Reap & Soar High! The Chinese technology startup is currently the most valuable startup in the world at US$140 billion (S$190.08 billion). Bytedance, World's Most Valuable Startup Is Home to a Complex Fortune US$13bil man: Zhang is the youngest self-made billionaire in Asia on the … Bytedance even reported a US$3 billion (S$4.2 billion) net profit on a US$17 billion (S$23.7 billion) revenue in 2019, more than double of what it made in 2018. ByteDance founder Zhang Yiming / Image Credit: The Hustle. Net Worth: $16 billion Yiming Zhang is the founder and CEO of ByteDance, which is a Chinese internet technology company. ByteDance’s last round of financing dates back to 2018, which valued it at $78 billion after that round. Disclamer: ByteDance net worth are calculated by comparing ByteDance's influence on Google, Wikipedia, Youtube, Twitter, Instagram and Facebook with anybody else in the world. Learn about Zhang Yiming's net worth in 2020 and age, height, wife, children, son, parents, and other facts. ByteDance Ltd. (Chinese: 字节跳动; pinyin: Zìjié Tiàodòng) is a multinational internet technology company headquartered in Beijing and legally domiciled in the Cayman Islands. ByteDance does a lot more than just run TikTok — it also owns Toutiao, a massively popular news platform with 240 million downloads, as well as products like Xigua Video, TopBuzz and BuzzVideo. Bytedance's Income / Salary: Per Year: $ 20 Million Per Month: $ 2 Million Per Week: $ 500,000. ByteDance is a Chinese company that launched TikTok in 2017, then bought Musical.ly, a video service popular with teens in the US and Europe, and combined the two. Bytedance, the owner of popular karaoke video app TikTok and huge Chinese news aggregator Toutiao, is now valued at $75 billion, which takes it … Today, Bytedance is worth more than US$100 billion (S$139 billion) in recent private share transactions. Yiming Zhang, 37, ByteDance. Eye on globalization. Yiming Zhang is the founder and CEO of ByteDance. How to get financial reports of BYTEDANCE (INDIA) TECHNOLOGY PRIVATE LIMITED. Yes, ByteDance is profitable, and the company is reported to have made net profits of over $3 billion from revenues of $17 billion in 2019. Eight-year-old ByteDance has identified gaming as its next strategic growth area and has been scouting for investment opportunities for months to build up its gaming portfolio, three of the people said. Zhang Yiming’s Net Worth of $16.2 Billion Was Made After ByteDance’s Value Soared Astronomically. ByteDance was reported to get a syndicated loan worth $1.3 billion in April 2019, from a group dominated by … Net Worth: Bytedance Net Worth: $ 100 Million. 37-year-old Yiming Zhang is the co-founder and CEO of ByteDance, the Chinese internet company behind video sharing platform TikTok. As of February 2020, Zhang Yiming is worth $16.2 billion.The wealth is accumulated from his estimated 24% of the shares at ByteDance.In order to value ByteDance to $75 billion, he had to spend a lot of time searching for partners, which was extremely difficult at first. 2 This reflected a phenomenal year of growth after the company reported a loss of $1.2 billion in 2018 3 from estimated revenues of $7.4 billion. Earlier this year, ByteDance was valued at as much as $140 billion in the secondary private equity market. It was founded by Zhang Yiming in 2012. Facebook used a similar strategy with Instagram by favoring it in the feed, which helped it … A 27.6% stake is worth $275 million, Reuters calculations showed based on CMGE’s market capitalisation of $997 million on Monday. ByteDance gets lots of criticism for spending so much on ads, but it's worth resurfacing Elad Gil’s 2010 reminder that sometimes it's worth spending money to kickstart a valuable network. ByteDance started its global development strategy in 2015, taking two approaches – acquiring overseas products and expanding its own products. Net worth: $16.2 billion. Yiming started several ventures prior to ByteDance, including Kuxun—then the dominant travel and transportation search engine in China, which was later acquired by TripAdvisor—as well as the real estate search portal 99fang. ByteDance is reportedly worth over US$100 billion as of May 2020. TikTok owner ByteDance made a net profit of $3 billion last year, according to a report from Bloomberg on Wednesday that cited people familiar with the … ByteDance valuation is $75 b, and annual revenue was $17.20 b in Y 2019. He founded ByteDance in 2012 and developed the news aggregator Toutiao and TikTok ... Vanessa Pappas Net worth. Vanessa Pappas Bytedance. Bytedance is said to have secured a $75 billion valuation in late 2018, making it the world’s most valuable startup-- though the figure isn’t used in the net worth calculation because the details haven’t been confirmed. It lets you compare financials of several companies and study performance trends. These financials can also be downloaded in excel format. By Katie Roof and Zheping Huang TikTok’s parent ByteDance Ltd. generated more than $3 billion of net profit on over $17 billion in revenue last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter. ByteDance's core product, Toutiao ("Headlines"), is a content platform in China and around the world. Zhang ranked No.3 in Hurun Global 40 & Under Self-Made Billionaires 2020 with a net worth of 13.8 billion U.S. dollars of wealth, next to Huang Zheng, Chinese e-commerce app Pinduoduo's founder, and Mark Zuckerberg.. Around 67% was derived … Zhang Yiming is a Chinese internet entrepreneur. TikTok has offices across the globe, including Los Angeles, New York, London, Paris, Berlin, Dubai, Mumbai, Singapore, Jakarta, Seoul, and Tokyo. Tofler Company360 provides access to any Indian company's financial documents, charts, ratio analysis and more. ByteDance last year generated 120 billion yuan ($17.2 billion) in revenue, said an investor with knowledge of the matter. 4 Generally speaking, the bigger the hexagon is, the more valuable ByteDance networth should be on the internet! The company's core …