Tik Tok is one of the most viral and commonly used, video-sharing network social networking service, with ByteDance, as its parent company. Zhang Yiming, the CEO, is the 30th richest person in the world.
Zhang, who has a net worth of over $44 billion, revealed that he’s resigning to create more time for him to read books and daydream.
According to CelebrityNetWorth, the CEO made the announcement on Monday, May 24, in an official letter to his employees, in which he stated that he lacked some skills that’d make him an ideal manager.
He said, “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.”
The CEO, Zhang Yiming, is set to step down at the end of the year to focus on long-term strategy.