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TikTok Founder Is Now China’s Richest Man
- Written by Andrea Miliani Former Tech News Expert
- Fact-Checked by Justyn Newman Former Lead Cybersecurity Editor
In a Rush? Here are the Quick Facts!
- Bytedance founder Zhang Yiming is China’s richest man in 2024
- Zhang’s net worth is now $49.3bn, 43% higher than last year
- In 2023, ByteDance’s global revenue grew 30% despite lawsuits and other challenges
The Hurun Research Institute released its latest ranking, the Hurun China Rich List 2024, this Tuesday and revealed that Zhang Yiming, the founder of ByteDance—TikTok’s parent company—, is at the top of the list with a personal wealth of $49.3 billion.
According to Reuters , Zhang performed better than his counterparts in renewables and real estate. China’s richest man is 41 years old and in 2021 resigned from his position as chief executive of ByteDance.
Zhang moved four slots up to first place compared to the previous year, surpassing China’s bottled water magnate Zhong Shanshan. According to Hurun’s report , Zhang’s company performed significantly better than last year: “ByteDance’s global revenue grew 30% last year to US$110 billion, with users in the US of its TikTok app closing in on 200 million.”
The document also states that there are 1,094 Chinese citizens with over $700 million, but that this number has been decreasing. China lost 432 billionaires within the past 5 years.
Despite all the recent challenges for the company, like a ban in the European Union and multiple lawsuits in the United States , Bytedance has been thriving in the past year, making his creator richer. Zhang‘s net worth increased 43% compared to 2023.
And other tech company founders keep thriving as well. According to the Forbes 400 list of America’s richest people published a few days ago, at the top of the list is Elon Musk—for the third year in a row—with an estimated net worth of $244 billion, followed by Jeff Bezos with $197 billion and Mark Zuckerberg with $181 billion.
Photo by Sara Kurfeß on Unsplash
Nintendo Will Launch New $10 Animal Crossing Mobile App In December
- Written by Andrea Miliani Former Tech News Expert
- Fact-Checked by Justyn Newman Former Lead Cybersecurity Editor
In a Rush? Here are the Quick Facts!
- The new app, Animal Crossing: Pocket Camp Complete , will be released on December 3rd
- Animal Crossing: Pocket Camp players will be able to transfer historic data to the new version after purchase
- The new version will have an early discount price of $9.99 until January 31st, after that day, it will cost $19.99
Nintendo has announced a new paid version of its Animal Crossing mobile app. In August , the company revealed the end service for its Animal Crossing: Pocket Camp game for November 28th. Now, the videogame giant is launching Animal Crossing: Pocket Camp Complete for $9.99 on December 3rd.
According to the information shared on the official website , Animal Crossing: Pocket Camp players will be able to transfer data to the new app after purchase.
“To transfer your data to Animal Crossing: Pocket Camp Complete , you will need to link your Nintendo Account,” states the site. “If you have already linked your Nintendo Account to the saved data you want to transfer, you don’t need to do anything else to prepare.”
Nintendo also clarified that the app price will increase next year. The early discount price of $9.99 will be available until January 31st, after this day the price will increase to $19.99.
Nintendo Mobile shared a 12-minute video explaining the new Animal Crossing: Pocket Camp Complete and how users can resume their experiences in the previous app or create a new game, and take advantage of the new features like Camper card—to create and exchange cards using a QR code—, and Whistle Pass—a new spot where friends can meet.
There are other features that will be removed in the new version. Nintendo explained that players will not be able to buy or use Leaf Tickets, get Mission Rewards, or access the Pocket Camp Club and its benefits—like fave photos, journals, or stamps.
Earlier this month, Nintendo invited 10,000 players to try a new secret feature and opened its first museum in Kyoto , Japan.
