TikTok Boss Zang Yiming Retires With N18trn Fortune, Says He Wants to Spend His Time to Read Books & Daydream
- The founder of ByteDance, TikTok's parent company, Zang Yiming has announced that he will be stepping down
- According to Yiming, he would like to start reading more books and daydream a little more too
- Yiming is worth a whopping estimated $44 billion (N18,087,960,000,000)
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The founder of ByteDance, the parent company of TikTok, has recently announced that he will be stepping down from his position as CEO of the highly successful company so that he can "read more books and daydream".
Considering he is worth a whopping $44 billion (N18,087,960,000,000), we're guessing it was a pretty easy decision for him to make - especially since he can afford to buy just about any amount of books he would like.
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"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 wrote in a letter to his employees, Celebrity Networth reports.
CNN reports that at only 38, Yiming has become one of the youngest CEO's to step down from a rapidly growing social media tech company.
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Meanwhile, Legit.ng earlier reported that Austin Russell dropped out of university in 2012 to set up his company, Luminar Technologies thanks to a $100,000 fellowship from a billionaire tech investor Peter Thiel.
Now aged 26, he is one of the youngest billionaires in the world but not the first on the list.
In other related news, following their divorce, Bill Gates and his wife are already sharing their fortune, and Melinda’s wealth in the process shot up, making her a billionaire.
The Microsoft founder’s ex-wife got a transfer of $1.8 billion (N684,900,000,000) in Cascade Investment on Monday, May 3, on the same day they made their divorce public to the media.
Source: Legit.ng
Joseph Omotayo (HOD Human-Interest) Joseph Omotayo has been writing for the human interest desk since 2019 and is currently the head of the desk. He graduated from Obafemi Awolowo University, Ile-Ife, with a degree in Literature in English in 2016. He once worked for Afridiaspora, OlisaTV & CLR. He is a 2022/2023 Kwame Karikari Fact-Checking fellow. He can be reached via: joseph.omotayo@corp.legit.ng.
Khadijah Thabit (Copyeditor) Khadijah Thabit is an editor with over 3 years of experience editing and managing contents such as articles, blogs, newsletters and social leads. She has a BA in English and Literary Studies from the University of Ibadan, Nigeria. Khadijah joined Legit.ng in September 2020 as a copyeditor and proofreader for the Human Interest, Current Affairs, Business, Sports and PR desks. As a grammar police, she develops her skills by reading novels and dictionaries. Email: khadeeejathabit@gmail.com
