Shou Zi Chew is a technology executive who currently serves as CEO of ByteDance, the company that owns TikTok. In May 2021, he took over from Zhang Yiming, who launched ByteDance. Before joining ByteDance, Shou Zi Chew was the CFO of Chinese technology company Xiaomi Corporation.
He also worked as an investment banker at Goldman Sachs and as a private equity investor at DST Global. Shou Zi Chew is the CEO of ByteDance. He is in charge of the company’s global operations and strategic direction, including the growth and development of TikTok.
It is one of the most popular social media sites in the world. Many lawmakers are worried and speculating that the Chinese government is spying on the United States through TikTok user data. How much will Shou Zi Chew be worth in 2023?
Biography of Shou Zi Chew
Shou Zi Chew is a 40-year-old businessman. He was born on January 1, 1983 in Singapore, where he grew up with his brothers in a wealthy family. He graduated from Hwa Chong Institution and then became a commissioned soldier in the Singapore Army.
Chew then went to London after leaving the army to complete his bachelor’s degree in economics at the University of London. He also graduated from Harvard Business School with a master’s degree in business administration. Chew then did a summer job at Facebook while he was at Harvard.
What is Shou Zi Chew’s net worth?
In May 2021, he took over as CEO of ByteDance, replacing ByteDance founder Zhang Yiming. Shou Zi Chew was the CFO of Xiaomi Corporation and worked as an investment banker at Goldman Sachs before joining ByteDance.
In 2023, his projected net worth is around $2.8 billion. Forbes stated that Shou Zi Chew has a net worth of around US$2.8 billion. Most of his money comes from his leadership positions in several fast-growing technology companies.
Professional career of Shou Zi Chew
Shou started his first job after graduating from the University of London. He worked as a banker for Goldman Sachs, a global investment bank and American financial services company headquartered in London. Before that, he had gained experience in many different fields.
After working there for two years, he went to work as a team leader for the ByteDance Group at a venture capital firm called DST Global. Chew joined Xiaomi, a Chinese multinational company that designs and manufactures electronic products, initially as chief financial officer.
Later in 2019, he was immediately named president of Xiaomi’s foreign business. In 2021, ByteDance appointed Chew as CFO. After working for a few months at ByteDance, he resigned and became CEO of TikTok, succeeding former American businessman Kevin A. Maye.
Tic Tac
Before joining Xiaomi, he worked for DST, an investment company created by Yuri Milner, an Israeli-Russian IT billionaire. There he worked for five years. During this time, he led a team that became one of the original owners of ByteDance, the company that owns Tik Tok.
In March 2021, he became the first person to serve as the media giant’s CFO. A month later, in May 2021, Shou Zi Chew was named the company’s chief executive officer (CEO). When Shou Zi Chew got his chance, he made many people respect him.
Zhang Yiming, founder of ByteDance and former CEO, says Shou “brings deep knowledge of the company and the industry, having led a team that was among our first investors and having worked in the technology sector for a decade.”
Kevin Mayer, who preceded Chew, left the company to work for Walt Disney. He only ran the company for three months. Reports indicate that Mayer left his position after US lawmakers pressured the company over the app’s security risks.
Conclusion
In conclusion, most of Chew’s wealth comes from his leadership roles in several fast-growing technology companies, such as his current position as CEO of ByteDance, the company that owns TikTok. It is important to remember that net worth can change over time due to changes in the value of investments, stock market fluctuations, etc. It’s possible that his net worth has changed since the last time I checked.