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TikTok boss, resigns at age 38 with a net worth of $44bn

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One of the co-founders of TikTok is stepping down as CEO of ByteDance, the Chinese company that owns TikTok.

According to Bloomberg, he resigns with a net worth of $44.5billion, making him 31st on a list of the world’s richest people.

On Monday, May 24, Zhang announced his resignation in an official letter to his employees. he reiterated that he lacked some skills that’d make him an ideal manager.

“The truth is, I lack some of the skills that make an ideal manager. Similarly, I’m not very social, preferring solitary activities like being online, reading, listening to music, and daydreaming about what may be possible,” he said.

Zhang Yiming is the founder of ByteDance Ltd, the makers of the short video app TikTok. ByteDance is the first truly global Chinese internet company.

It was founded in 2012 but gained more recognition after launching TikTok in 2016. TikTok rose to become the most relevant and popular app when the covid19 pandemic hit. The app went viral with challenges, dances, do-it-yourself, mimicking and other addictive content for its users during the lockdown and has maintained its upward stride since.

TikTok boss, Zhang Yiming, resigns at age 38 with a net worth of $44bn

One of the co-founders of TikTok is stepping down as CEO of ByteDance, the Chinese company that owns TikTok.

 

According to Bloomberg, he resigns with a net worth of $44.5billion, making him 31st on a list of the world’s richest people.

 

On Monday, May 24, Zhang announced his resignation in an official letter to his employees. he reiterated that he lacked some skills that’d make him an ideal manager.

“The truth is, I lack some of the skills that make an ideal manager. Similarly, I’m not very social, preferring solitary activities like being online, reading, listening to music, and daydreaming about what may be possible,” he said.

Zhang Yiming is the founder of ByteDance Ltd, the maker of the short video app TikTok. ByteDance is the first truly global Chinese internet company.

It was founded in 2012 but gained more recognition after launching TikTok in 2016. TikTok rose to become the most relevant and popular app when the covid19 pandemic hit. The app went viral with challenges, dances, do-it-yourself, mimicking and other addictive content for its users during the lockdown and has maintained its upward stride since.

 

 

According to Bloomberg, he resigns with a net worth of $44.5billion, making him 31st on a list of the world’s richest people.

 

On Monday, May 24, Zhang announced his resignation in an official letter to his employees. he reiterated that he lacked some skills that’d make him an ideal manager.

“The truth is, I lack some of the skills that make an ideal manager. Similarly, I’m not very social, preferring solitary activities like being online, reading, listening to music, and daydreaming about what may be possible,” he said.

Zhang Yiming is the founder of ByteDance Ltd, the makers of the short video app TikTok. ByteDance is the first truly global Chinese internet company.

It was founded in 2012 but gained more recognition after launching TikTok in 2016. TikTok rose to become the most relevant and popular app when the covid19 pandemic hit. The app went viral with challenges, dances, do-it-yourself, mimicking and other addictive content for its users during the lockdown and has maintained its upward stride since.

 

leona Mandengu

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