- The founder of ByteDance, TikTok's parent company, Zang Yiming has announced that he will be stepping down
- According Yiming he would like to start reading more books and daydream a little more too
- Yiming is worth a whopping estimated $44million (around GHC 257,539,488,002)
The founder of ByteDance, the parent company of TikTok has recently announced that he will be stepping down from his position as CEO of the highly successful company so that he can "read more books and daydream".
Considering he is worth a whopping $44 billion (GHC 257,539,488,002) we're guessing it was a pretty easy decision for him to make - especially since he can afford to buy just about any amount of books he would like.
"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 wrote in a letter to his employees, Celebrity Networth reports.
CNN 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.
Meanwhile, YEN.com.gh has also reported that Chinese business magnate Jack Ma has resurfaced after about two months of being out of the public view. Ma, who is the co-founder of e-commerce giant Alibaba, was seen during an annual event he hosts to motivate teachers.
This year, it was hosted online. During the lives stream, the businessman spoke much about his philanthropic work and plans to invest more time and resources in charity, Bloomberg reported on Wednesday, January 20.
"Recently, my colleagues and I have been studying and thinking. We made a firmer resolution to devote ourselves to education philanthropy.