How Much is the CEO of TikTok Worth? Singaporean entrepreneur and businessman Shou Zi Chew has made a big impact on the financial and technology sectors.
Chew, who was born on January 1st, 1983, graduated from the University College London in 2006 and then worked as a banker for Goldman Sachs in London. Chew left Goldman Sachs after working there for two years to join DST Global, where in 2013 he oversaw a group of early investors in ByteDance.
As its chief financial officer, Chew joined Xiaomi, a major manufacturer of smartphones, in 2015. He received a promotion to the post of international business president four years later in recognition of his contributions to the company’s achievement.
Chew returned to ByteDance as its chief financial officer in March 2021, and he swiftly worked his way up to become the CEO of TikTok. Kevin A. Mayer, the previous CEO, left the company after just three months in the position. Given his background and reputation in the technology and finance sectors, Chew’s hiring as CEO of TikTok was a big development for the company.
Chew’s knowledge of finances and corporate planning has been a great help to ByteDance and TikTok. His leadership has played a crucial role in the expansion of the business and the platform, as well as in resolving numerous issues with the app. Chew, a prominent figure in the technology sector, spoke before the US House in March 2023 discussing the initiative to outlaw TikTok in the country.
The personal life of Chew is equally interesting. He weds Taiwanese-American Vivian Kao, whom he first met in 2008 while attending Harvard Business School. Two kids were born to the couple. Chew likes to play golf and study physics-related literature in his free time.
How Much is the CEO of TikTok Worth?
According to Forbes, Shou Zi Chew, the CEO of TikTok at the moment, will have a net worth of over $820 million by 2022. It’s important to keep in mind that this sum may not accurately reflect his net worth since it is based on estimates and publicly available information about his pay and possessions.
Chew formerly held a number of prominent positions at Internet businesses, including Xiaomi and the venture capital firm DST Global. He started out as the chief financial officer at Xiaomi before moving on to become the president of international business. While working at DST Global, he also had a significant impact on the early investment in ByteDance, the parent firm of TikTok.
Chew became the chief financial officer of ByteDance, the most valuable startup in the world, in March 2021. Later on in the year, he succeeded Kevin Mayer as CEO of TikTok.
Chew is in charge of directing TikTok’s global operations, growth strategy, and expansion. Under his direction, TikTok has continued to grow its user base, add new features, and offer creators additional ways to make money.
It’s important to note that executive compensation, including CEO salaries and incentives, can differ significantly depending on a variety of elements, including the size of the firm, the industry, and performance. Regulations requiring disclosure of information also apply to CEO pay at publicly traded companies. The availability of information on executive salaries, however, may be restricted or nonexistent for privately held businesses like ByteDance.