How much is the CEO of TikTok worth? – Shou Zi Chew is a Singaporean entrepreneur and businessman who has made significant contributions to the technology and financial sectors.
Chew was born on January 1, 1983 and graduated from University College London in 2006. He then joined Goldman Sachs in London as a banker. After two years at Goldman Sachs, Chew joined venture capital firm DST Global, where he led a team of early ByteDance investors in 2013.
In 2015, Chew joined smartphone giant Xiaomi as its chief financial officer. Four years later, he was promoted to president of international affairs, a testament to his contribution to the company’s success.
In March 2021, Chew returned to ByteDance as CFO, where he quickly became CEO of TikTok. He replaced Kevin A. Mayer, who had served as CEO for only three months before leaving the company. Chew’s appointment as CEO of TikTok was an important moment for the company given his experience and reputation in the technology and financial sectors.
Chew’s expertise in finance and business strategy has been a valuable asset to ByteDance and TikTok. His leadership has been instrumental in the growth of the company and the platform, including resolving various controversies surrounding the app. In March 2023, Chew testified before the United States Congress on legislative efforts to ban TikTok in the United States, reflecting his position as a leading figure in the technology industry.
Chew’s personal life is also notable. He is married to Taiwanese American Vivian Kao, whom he met in 2008 while studying at Harvard Business School. The couple have two children. In his free time, Chew enjoys playing golf and reading books on theoretical physics.
How much is the CEO of TikTok worth?
According to Forbes, Shou Zi Chew, the current CEO of TikTok, is estimated to have a net worth of around $820 million in 2022. However, it should be noted that this figure is based on estimates and public disclosures of his compensation and of his assets and may not reflect his true net worth.
Before joining TikTok, Chew held various leadership positions at technology companies such as Xiaomi and DST Global, a venture capital firm. At Xiaomi, he was financial director, then president of international affairs. At DST Global, he also played a key role in early investments in ByteDance, the parent company of TikTok.
Chew joined ByteDance, the world’s most valuable startup, in March 2021 as the company’s chief financial officer. Later that year, he was named CEO of TikTok, replacing Kevin Mayer.
As CEO of TikTok, Chew is responsible for overseeing the platform’s global operations, strategy and growth. Under his leadership, TikTok continued to expand its user base and introduce new features and monetization opportunities for creators.
It is important to note that executive compensation, including CEO salaries and bonuses, can vary significantly depending on factors such as company size, industry, and performance. The remuneration of directors of listed companies is also subject to regulatory information obligations. However, for private companies like ByteDance, executive compensation information may be limited or not publicly available.