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Zhang Yiming, founder of TikTok's parent company ByteDance, has become the richest person in Asia as his wealth surged to US$105.5 billion. Zhang Yiming, founder of tech company Bytedance, attends a meeting in Fuzhou, southeast China's Fujian Province, June 18, 2016 The Chinese billionaire's estimated net worth rose more than $12 billion this month after Bloomberg analyzed the latest valuations from investment firms including BlackRock, Fidelity Investments and T. Rowe Price.