38-year-old Tiktok founder retires with $44 billion fortune
The 38-year-old founder of ByteDance, Zhang Yiming, has announced he will be stepping down from his position as the CEO of the company which owns the popular video-sharing network, Tiktok.
Mr Yiming, with a whopping net worth of $44 billion, says he would spend his retirement reading books and daydreaming.
The billionaire, in a letter sent to his staff, said he would leave by the end of the year to focus on other important things to him after years of service to the company.
He also claims he has embraced his self awareness to acknowledge he is not the right person to head the company, going forward.
“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 explained.
Mr Yiming will be handing over to the co-founder and head of Human Resources Liang Rubo by the end of this year.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Politics
PDP candidate Ashumate outlines agenda for Taraba South
Jesse Ashumate, a senatorial candidate for Taraba South, has unveiled a blueprint to transform the agricultural sector, restore lasting peace, and drive economic empowerment.
States
NAPTIP honours Benue Links GM over support for survivors
The National Agency for the Prohibition of Trafficking in Persons has honoured Alexander Fanafa, the general manager of Benue Links Nigeria, as its ambassador in Benue.
Anti-Corruption
Benue assembly suspends Kwande LGA chair for abuse of office, gross misconduct
The Benue assembly recommended suspending the chairman of Kwande council area, Vitalis Neji, for three months over allegations of gross misconduct and abuse of office.
Anti-Corruption
Mining marshals intensify crackdown on illegal mining cartels
“We must ask: How do the people in those forests feed? How do they get money?” Mr Onoja said.
Showbiz
Victony releases sophomore ‘Starlife’ album
Singer Anthony Victor, aka Victony, has released his second studio album, ‘Starlife’, a 15-track project.
Showbiz
Don Jazzy hails Ayra Starr, says ‘she has changed my life’
Nigerian record producer and singer, Michael Ajereh, popularly known as Don Jazzy, says Afrobeats star, Sarah Aderibigbe, known as Ayra Starr, has changed his life.
