Zhang Yiming steps down as CEO of Byte Dance and Co-founder of Tiktok

 

One of the Co-founders of the Tiktok App, Zhang Yiming, steps down as the CEO of Byte Dance. 

 

Zhang Yiming, who is 38 years old, made his decision known on May 20, that he wants to step down from the role because he has no managerial skills.  


 The 38-year-old has a networth of $44.5 billion, thereby putting him in the 31st position of the richest people in the world. 


Zhang announced his resignation yesterday May 24, in a letter he wrote to his employees. He also said he prefers to read, listen to music and also daydream. 


Zhang Yiming will officially step down at the end of the year, 2021.

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