Multiple outlets report that ByteDance co-founder Zhang Yiming has become Asia’s second-richest person, surpassing India’s Mukesh Ambani. Free Malaysia Today and Business Standard both cite Zhang’s net worth rising to about US$92.8 billion, noting this is a substantial increase from roughly US$13 billion reported in March 2019. Business Standard frames the change as Zhang cementing his position as China’s richest person, while Bloomberg characterizes the move as the result of rising ByteDance valuation and continued progress in the company’s artificial intelligence ambitions. Mint similarly reports the overtaking and refers readers to updated net-worth figures, aligning with the US$92.8 billion estimate. Taken together, the coverage indicates the ranking shift is driven by growth in Zhang Yiming’s wealth tied to ByteDance’s market value, with no further dispute among the sources over the identity of the two people involved or the reported net-worth figure.