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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.

After leaving his teaching post, CJ Wang invented an automatic soy milk maker, setting him on a path in the home appliance sector that eventually led to a US$10.4 billion fortune. CJ Wang, or Wang Xuning, chairman of JS Global Lifestyle and SharkNinja Born in 1969 in Yantai, a city in China’s eastern province of Shandong, soy milk was a familiar part of Wang’s childhood. He would often help with chores after school, including the laborious task of making soymilk by repeatedly