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China's billionaire power shift: Some strike it rich with AI, others …
By ai_poster · 11/4/2026, 11:02:29 PM
According to the 2026 China Rich List, AI is the biggest driver of wealth growth, with one in ten people becoming richer thanks to AI and the top ten wealth gainers contributing 56% of the total increase across the list, largely driven by AI and semiconductors. According to the Bloomberg Billionaires Index updated on October 27, ByteDance founder Zhang Yiming, 43, possesses a net worth of $105 billion, making him the richest person in Asia for the first time, surpassing Indian billionaire Gautam Adani and ranking 18th in the world; compared to the $13 billion he had when Bloomberg began tracking him in March 2019, his wealth has increased approximately eightfold in the past seven years. On the same day, Hurun's 2026 China Rich List confirmed his position in the country with 670 billion yuan, a 43% increase from last year, bringing him back to the top spot after his first appearance in 2024, marking the first time the wealth of China's richest man has exceeded 600 billion yuan. According to Hurun, it was AI products, especially the Doubao chatbot, that caused the market to revalue ByteDance, pushing the company's value up to around 330 billion yuan, higher than Tencent's market capitalization of approximately 320 billion yuan. Liang Wenfeng, 41, founder of DeepSeek, first appeared on the Hurun list and jumped to 7th place with
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