ByteDance founder Zhang Yiming has officially surged past Mukesh Ambani to become Asia’s second-richest person.

Driven by TikTok’s global dominance and the massive success of the Doubao AI chatbot, Zhang’s net worth has hit $92.8 billion.

With a staggering $70 billion AI investment pipeline, ByteDance is pivoting from social media giant to a dominant force in the global AI revolution.