Introduction
Zhang Yiming is a Chinese businessman and entrepreneur who is best known as the founder and CEO of ByteDance. ByteDance is the world’s most valuable startup and the parent company of TikTok, among other popular apps. Yiming is estimated to be worth around $38 billion and is considered one of the world’s most successful tech entrepreneurs. Though many people are curious about his wealth, one of the most frequently asked questions is, “How much does Zhang Yiming make in a day?”. In this article, we’ll delve into the question and explore the strategies he has used to amass his fortune.
ByteDance’s Success
ByteDance is one of the most successful tech startups of all time. In a mere 8-year period, it has surpassed its competitors to become the world’s most valuable startup. One of the driving factors of ByteDance’s success has been its commitment to excellence and innovation, which has enabled it to develop, acquire, and create products that have quickly become global successes, such as TikTok and Helo. As CEO, Yiming has no doubt played a significant role in the company’s success, and this success is what makes him so wealthy.
Yiming’s Wealth
Yiming’s wealth comes mainly from his stake in ByteDance, and more specifically, from the share price of ByteDance’s stock. According to the Bloomberg Billionaire Index, Yiming owns a 15.5% stake in the company, which gives him a net worth of around $38 billion. Given the company’s current stock price of $120 billion, it’s likely that Yiming is making quite a bit of money in dividends every day.
Other Sources of Income
Yiming’s income doesn’t just come from the dividends he receives from ByteDance. He also generates income from investments in other technology startups, such as SpinGo, an AI-backed music streaming service. He is also the director of a number of venture capital funds, which also generate income for him.
Taxes and Expenses
Using the same calculation from the Bloomberg Billionaire Index, we can estimate that Yiming’s gross income per day is around $43 million. Of course, he has to pay taxes and expenses, which will likely reduce this figure significantly. Yiming will likely pay taxes in China, where the top tax rates are 45% for income over 600,000 yuan. He will also have to pay fees to his investment advisers, and this will further reduce his income.
Conclusion
Though it’s impossible to know exactly how much Zhang Yiming makes each day, we can make some educated guesses. Yiming’s net worth is estimated to be around $38 billion and, given the current stock price of ByteDance, it’s likely that Yiming is making quite a bit of money in dividends every day. However, he also has to pay taxes and fees, which will reduce this figure significantly. All in all, Yiming is certainly one of the wealthiest people in the world.
