Throughout the last few years, TikTok has become an integral part of our daily lives in some way or another. You know about it even if you are not on it, even if you aren’t on it. There is no doubt that the app has a huge reach, but it’s time to learn more about the man behind it. In this article, we will take a look at who owns TikTok and what the CEO’s net worth is.
When you consider the amount of time we spend on the app, you would think we would know a lot more about it. As an example, everyone knows Mark Zuckerberg and Elon Musk, but the man behind TikTok is something of a mystery to me. Here are some answers to your questions about the CEO of TikTok.
What is tiktok?
TikTok is a social media platform that allows users to create, share, and discover short videos. It was launched in September 2016 by the Chinese company ByteDance and has since gained immense popularity worldwide. TikTok enables users to create and edit videos of up to 60 seconds, often incorporating music, filters, effects, and various creative features.
The platform’s content is diverse and ranges from lip-syncing, dancing, and comedy skits to educational content, challenges, and DIY tutorials. TikTok’s algorithm analyzes users’ preferences and behavior to curate a personalized “For You” feed, showcasing content tailored to individual interests.
One of the defining features of TikTok is its emphasis on user engagement and interaction. Users can “like” videos, leave comments, share content, and follow other creators. The platform’s popularity has led to the emergence of many TikTok trends and challenges, where users create videos based on specific themes, dances, or viral concepts.
TikTok has a broad user base, particularly among younger generations, and has become a significant cultural phenomenon. It has provided a platform for creative expression, entertainment, and community building, allowing users to connect and engage with a global audience.
It’s worth noting that TikTok’s features, functionality, and policies may evolve over time, so it’s recommended to refer to official sources and the TikTok app itself for the most up-to-date information about the platform.
Who Owns TikTok?
In 2012, Zhang Yiming and Liang Rubo founded Bytedance, which is the parent company of TikTok and founded by them in 2012. Having collaborated on numerous projects, the two launched Musically in 2016, which would later be rebranded as TikTok in the future.
Liming left Bytedance in 2021 when Rubo was appointed CEO of the company as a whole, and Liming left the company in 2022.
The CEO of TikTok is Shou Zi Chew, who was appointed by ByteDance to the position in 2021 after he joined the company as chief financial officer in the same year. He was previously known as Kevin. As part of the revolutionary video site, A. Meyer was in charge, but Chew took over after Meyer left the position after only three months, and he has been in charge ever since.
Following the completion of compulsory national service in Singapore, where the CEO was born, Chew went on to study at the University College London, where he completed his degree. After graduating with a Bachelor’s degree in Economics in 2006, he continued his education at Harvard Business School, where he went on to complete a Master’s degree in Business Administration in 2009.
During his time at the university, he completed an internship at Facebook, where he became interested in working in the social media field for the first time.
Does Shou Zi Chew Have A Wife?
The wife of TikTok’s CEO is Vivian Kao, who Chew met while he was a student at Harvard University.
He is now living in Singapore, where his wife is also a CEO, but this time she is with the Tamarind Global company. The power couple has two children together, who are 8 years old and 6 years old, a boy and a girl.
According to Chew, when he was interviewed he mentioned that neither of his children are using TikTok since Singapore does not have an under 13 version of the app. There are many countries around the world where the app is not available to young people because they simply cannot access it because they are too young.
In the US, however, there is a limited version of the app that is available to anyone under the age of 18 which can be used by them. It is a separate app that provides parental control and restricts access to certain types of content that can be accessed via a separate app
The TikTok CEO’s Net Worth Explored
Despite the fact that his exact net worth is not known, many sources believe it to be somewhere in the neighborhood of $200 million. The popularity of TikTok is no surprise considering that it has more than 1 billion users all over the world, so this shouldn’t come as a surprise.
Despite the fact that that is a slight exaggeration, Chew’s net worth is definitely well over a million dollars.
According to Forbes, according to the ByteDance founder Zhang Yiming, he is worth an estimated $45 billion according to his net worth. Since he made it onto the prestigious Forbes 30 under 30 list back in 2013 and has continued to grow from strength to strength since that time, the 39-year-old has only been on the rise.
Bytedance’s co-founder and current CEO Liang Rubo has a net worth of $2 billion, which is significantly less than that of his co-founder and co-CEO Liang Rubo, however it is still an impressive amount. I regret to inform you that unlike his partner, he did not make it onto the 30 under 30 list.
There is no doubt that the people who created TikTok are very successful, but as more and more countries like the US ban TikTok on government devices, its popularity is likely to decrease.