TikTok boss, Zhang Yiming, resigns at age 38 with a net worth of $44bn to  spend his time "reading and daydreaming"

The Boss of TikTok, Zang Yiming, Retires With N18trn Fortune, Says He Wants to Spend His Time Reading Books & Daydreaming

There have been reports that at only 38, Yiming has become one of the youngest CEO’s to step down from a rapidly

growing social media tech company.

Zhang Yiming, said Thursday, May 20, that he will leave the role because he lacks managerial skills. He added that he preferred “reading and daydreaming” to running the tech giant.

According to Bloomberg, he resigns with a net worth of $44.5billion, making him 31st on a list of the world’s richest people.

On Monday, May 24, Zhang announced his resignation in an official letter to his employees. he reiterated that he lacked some skills that’d make him an ideal manager.

“The truth is, I lack some of the skills that make an ideal manager. Similarly, I’m not very social, preferring solitary activities like being online, reading, listening to music, and daydreaming about what may be possible,” he said.

Meanwhile, Austin Russell dropped out of university in 2012 to set up his company, Luminar Technologies thanks to

a $100,000 fellowship from a billionaire tech investor Peter Thiel. Now aged 26, he is one of the youngest

billionaires in the world but not the first on the list.

The Boss of TikTok, Zang Yiming, Retires With N18trn Fortune, Says He Wants to Spend His Time Reading Books & Daydreaming

By Cynthia N.

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