Shou Zi Chew is a Singaporean businessman and entrepreneur who has a net worth of $200 million. He is the chief executive officer (CEO) of TikTok, the popular short-video app owned by ByteDance. He is also a part-owner of the Atlanta Hawks, an NBA team, and a former chief financial officer (CFO) of Xiaomi, a Chinese smartphone company.
Early Life and Education
Shou Zi Chew was born on January 1, 1983, in Singapore. His father was a construction worker and his mother was a bookkeeper. He attended Hwa Chong Institution, a prestigious high school in Singapore, where he excelled in academics and sports. He then served in the Singapore Armed Forces as a commissioned officer.
He graduated from University College London in 2006 with a Bachelor of Economics degree. He then worked as a banker at Goldman Sachs in London for two years. He later enrolled in Harvard Business School, where he earned his Master of Business Administration degree in 2010. He also did a summer internship at Facebook before its IPO.
Career and Achievements
Shou Zi Chew started his career as a venture capitalist at DST Global, a Russian investment firm led by Yuri Milner. He led the firm’s investments in Chinese e-commerce giants JD.com and Alibaba, as well as Xiaomi, a smartphone company founded by Lei Jun. He also invested in ByteDance, the parent company of TikTok, in 2013.
In 2015, he joined Xiaomi as its CFO, overseeing its global expansion and financial operations. He helped the company go public in Hong Kong in 2018, raising $4.7 billion. He also became the president of Xiaomi’s international business in 2019, managing its markets outside China.
In March 2021, he returned to ByteDance as its CFO, taking charge of its financial strategy and governance. He also became the CEO of TikTok in May 2021, replacing Kevin Mayer, who resigned after three months on the job.
He is responsible for leading the global development and growth of the app, which has over 1 billion users worldwide. In addition to his roles at ByteDance and Xiaomi, Shou Zi Chew is also a part-owner of the Atlanta Hawks, an NBA team.
He joined a group of investors led by Tony Ressler that bought the team for $850 million in 2015. He is also a co-host of NBA TV’s NBA Inside Stuff, a weekly show that features behind-the-scenes stories and interviews with NBA players and personalities.
Net Worth and Sources of Income
According to Celebrity Net Worth, Shou Zi Chew has a net worth of $200 million as of 2022. He has earned most of his wealth from his salary and bonuses at ByteDance and Xiaomi, as well as his investments in various companies. He also has endorsement deals with brands like Nike, Sprite, and McDonald’s.
He owns a collection of luxury cars, such as a Ferrari, a Lamborghini, and a Tesla. He also owns several properties in Singapore, China, and the US. He is known for his philanthropy, as he has donated to causes like education, health, and the environment.
Conclusion
Shou Zi Chew is a successful and influential businessman and entrepreneur, who has made a name for himself in the tech and media industries. He is the chief executive officer of TikTok, the popular short-video app owned by ByteDance. He is part-owner of the Atlanta Hawks, an NBA team, a former chief financial officer (CFO) of Xiaomi, a Chinese smartphone company.
He has proven his skills and vision as the CEO of TikTok and the CFO of ByteDance and Xiaomi. He has also shown his passion and interest in sports and art. He is a role model and an inspiration for many aspiring leaders and innovators. Shou Zi Chew is a visionary and a trailblazer in his field.