Chinese, adding $ 9.5 billion to his fortune in one night TikTok’s valuation has risen to over $ 250 billion

Just last year, ByteDance, the world's most valuable startup, has come under pressure from all sides. The administration of US President Donald Trump tried to push the company to get rid of its American assets, while the company was exposed to the same risks that Chinese technology companies faced from Chinese audits, as well as being blacklisted in India, but all this did not stop the company from growing strongly and steadily.

Despite all the hurdles, byteDance continued to grow. Its founder, 38-year-old Zhang Yiming, is among the richest people in the world - a title that is adding problems for its current owners in China.

According to sources that spoke to "Bloomberg" and seen by "Al Arabiya.net", the market value of "ByteDance" rose to $ 250 billion in the private market, which raises the value of Zhang's fortune to $ 60 billion, adding about $ 9.5 billion to His fortune is at its latest Bloomberg Billionaires Index.

The company, whose founder is ranked 29th in the world among the world's richest, has more than doubled its revenue last year after expanding beyond its core advertising business to include areas such as e-commerce and online games.

Sources said that Zhang is currently studying initial public offering options for some businesses.

Escalation of the evaluation

During the most recent fundraising round, ByteDance's valuation reached $ 180 billion, according to a person familiar with the matter - up from $ 20 billion nearly 3 years ago, according to CB Insights. But in the private market, some investors recently asked for a valuation equivalent to 350 billion dollars to give up their shares, while sources told the South China Morning Post, the Chinese newspaper, that the company's value to private equity investors is close to 400 billion dollars.