A major shift in Asia’s billionaire rankings. ByteDance co-founder Zhang Yiming has overtaken Mukesh Ambani to become Asia’s second-richest person, according to the Bloomberg Billionaires Index. Zhang’s net worth has surged to around $92.8 billion, driven by the rising valuation of ByteDance, the global success of TikTok, and the rapid growth of the company’s AI business. Ambani now ranks third in Asia with an estimated fortune of $86.9 billion, while Gautam Adani remains the region’s richest person.
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