As a result of TikTok's popularity, many investors have been trying to estimate the company's value. Many have been skeptical, citing anecdotal evidence and speculation about future value.
The difference between the two companies (Snap and Tiktok ) can be seen in the amount of content they produce, the popularity of their influencers, and the number of people who engage with them.
ByteDance founder Zhang Yiming is worth $60 billion
According to a South China Morning Post report, ByteDance's valuation has fluctuated between $200 billion and $400 billion. Last year, the company grew its sales to $35 billion and its operating profit to $7 billion. Its fast-growing businesses have attracted investors' attention, and a recent IPO of Kuaishou Technology raised $5.4 billion.
Its market value is now approaching $140 billion. Recently, ByteDance hired Chew Shou Zi, a former executive of Xiaomi Corp., to oversee the company's finances. His role will be crucial for a possible market offering.
The Chinese government has been cracking down on the world's tech companies, including the parent company of TikTok. In an effort to curb the rise of China's tech giants, the Chinese government has ordered 34 companies to make changes to their anti-competitive practices. Zhang Yiming is one of the world's wealthiest individuals. In fact, he is one of only two Chinese people to have reached this milestone.
In recent years, ByteDance has expanded its business beyond its core advertising business to e-commerce and online gaming. The company's first product, Toutiao, was a news aggregator app. Now, the company is exploring an initial public offering (IPO) for some of its businesses. While he has a hefty net worth, he is far from the richest person in China.
Zhang Yiming, the 38-year-old founder of TikTok, is worth $60 billion. TikTok has been valued at $50 billion. The billionaire has since expanded the company's business beyond video games to e-commerce. He also owns 22% of the company. He does not share his personal wealth publicly, and he hasn't announced his resignation. ByteDance declined to comment on the report.
TikTok's parent company ByteDance is worth $425 billion
Private equity investors are reportedly interested in buying a stake in TikTok's parent company ByTeDance. According to a report from 36Kr, which tracks technology and internet companies, ByteDance is now worth $425 billion. In March, ByteDance was valued at just over $200 billion. By the end of December, the company had nearly doubled its revenue year over year. It had reported $2.1 billion in operating losses, but it has projected that revenue would double to $34.3 billion by 2020. According to a report by the company, TikTok will have 1.2 billion active monthly users by 2021.
ByteDance has been able to enjoy success in other countries with the popularity of TikTok, a short video app popular for lip syncing and dancing. As a result, the company is pushing into new areas like gaming and is pitting itself against rival Chinese tech companies such as Tencent. The company, however, has faced some controversy in the United States, claiming that its apps could pose a national security risk. Last year, the former Trump administration labeled ByteDance a national security threat and ordered it to sell off its U.S. business. This sale deal was apparently postponed indefinitely, but the Wall Street Journal reported that it has not yet decided on a buyer for TikTok.
ByteDance is exploring options to spin off just its US operations, instead of the entire company, or to divest the remaining parts. In the meantime, the parent company will remain independent and continue operating TikTok as a separate entity. But ByteDance will continue to make decisions as it continues to make strides in enhancing its video platform.
TikTok's revenue is $1.9 billion in 2020
It's possible that the growth of TikTok is not all hype. The video app is geared toward millennials and teenagers and describes itself as the leading destination for short-form mobile videos. Its mission is to inspire creativity and joy in users. The app's founder, Zhang Yiming, remains mysterious and has given very few interviews. In his first year of operation, TikTok generated a quarter billion dollars in revenue.
The platform is currently growing rapidly and has more than three billion downloads. It will have one billion users annually by 2020 and is set to make a staggering $1.9 billion in revenue by then. While the app has grown to become the most popular app in the U.S., it has received criticism from the U.S. government over security concerns. In response, Walmart and Oracle have agreed to acquire the company's U.S. operations. The Biden administration is investigating the security risks posed by Chinese tech companies.
The growth of TikTok has been largely due to the popularity of short-form videos. It was initially designed for dancing and lip-syncing videos but has since evolved into a full-featured video service. ByteDance, the company behind the app, has a track record of running successful apps. It is also expanding its business into e-commerce and gaming.
A recent study by Sensor Tower estimates that TikTok will have 850 million users globally in 2020, the largest download month ever, surpassing WhatsApp and Facebook. The app is currently banned in India, but the United States and China are the largest countries for downloads. While they were not completely banned, TikTok is likely to remain in the top 10 for the time being. In 2020, Facebook will be in second place with a billion active users.
TikTok stars earn money from sponsored videos
Some TikTok stars earn tens of thousands of dollars a month by selling sponsored videos. The fees vary depending on the number of followers, type of content, and engagement levels. According to one report, the top TikTok stars earn as much as $0,04 per thousand views. Sponsored videos are a great way to promote products you use or know, give advice on certain products, or even get paid to make commercials for brands.
TikTok stars can also make money off-platform by doing meet and greets with brands. Charli D'Amelio, a popular TikTok star, held a meet-and-greet event and charged fans $100 for the chance to meet her in person. The event helped her develop a personal brand and increase her followers. However, while performing for brands, TikTok stars should stay true to their natural voices.
Depending on the country, TikTok stars earn from sponsored videos in varying amounts. The richest stars earn around $5 million per post and have millions of followers. However, these earnings can fluctuate, with some earning as little as $0.02 per 1,000 views. Top TikTok creators have complained about the low payouts. Hank Green revealed in a YouTube video published in January that he received $0.02 to $0.03 per thousand views on his videos. Another TikTok star who makes around $3,000 per sponsored post is Preston Seo, who earned $1,664 from sponsored posts. His videos have earned him a whopping $5 million.
Another way to earn money from sponsored videos is through the Creator Fund, a partnership-like program. This program allows TikTok stars to monetize their views directly on the platform. This program doesn't pay as much as brand sponsorships or sponsored posts, but it still represents a substantial source of income. The creator fund is only available in certain countries, and to qualify, you must be 18 years old and have 100,000 views within the past 30 days.
The company is now worth $250 billion, according to Bloomberg The majority of Zhang's fortune comes from his 24% stake in ByteDance, according to Forbes.
They estimate the valuation to be sitting around $75 billion. Therefore, this claim approximates TikTok to fall between $50 billion and $75 billion. TikTok's net worth in 2022 is estimated to be $75 billion.
The 37-year old former software engineer is now worth over $59.4 billion, according to Forbes’ Real Time Billionaires List, making him the 22nd-wealthiest person in the world.
According to analysts at Business of Apps, TikTok generated $1.9 billion in revenue in 2020 and had been downloaded three billion times as of June.
With her estimated net worth of USD$17.5 million, Charli D’Amelio is the highest-paid TikTok star of 2022.
According to Social Blade, she earns anywhere from $5,000 to $80,600 a month from this platform, which, not bad.
Diamonds are worth 50% of the coins’ value TikTok
have over 130 million followers between them, with estimated annual earnings of nearly $7 million.