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What is Shou Zi Chew’s Net Worth?
Shou Zi Chew is a Singaporean businessman and entrepreneur who has a net worth of $200 million. Shou Zi Chew serves because the CEO of the video-hosting service TikTok. Before he assumed that place in 2021, he held govt positions on the Chinese electronics firm Xiaomi. In 2023 and 2024, Chew testified earlier than the United States Congress concerning laws on TikTok and youngster Internet security.
Early Life and Education
Shou Zi Chew was born on the primary of January, 1983 in Singapore. His father reportedly labored in development, whereas his mom labored as a bookkeeper. As an adolescent, Chew attended Hwa Chong Institution. After graduating, he served in Singapore’s National Service as a commissioned officer within the Singapore Armed Forces. Following his army service, Chew attended University College London, from which he graduated in 2006 with a Bachelor of Economics diploma. He went on to attend Harvard Business School within the United States, incomes his MBA in 2010. While at Harvard, Chew interned at Facebook, which was nonetheless a startup on the time.
Business Career Beginnings
After his commencement from UCL in 2006, Chew labored as an funding banker at Goldman Sachs in London for 2 years. He subsequently joined billionaire Yuri Milner’s enterprise capital and personal fairness agency DST Global, the place he led investments in such know-how firms as Alibaba, JD.com, Xiaomi, and ByteDance.
Xiaomi
In 2015, Chew turned the CFO of Xiaomi, a Chinese firm that designs and manufactures shopper electronics and software program, together with smartphones. The firm went public on the Hong Kong inventory trade in 2018. The following yr, Chew turned the worldwide enterprise president of Xiaomi.
(Photo by Chip Somodevilla/Getty Images)
ByteDance and TikTok
In March of 2021, Chew left Xiaomi and have become the CFO of the Internet know-how firm ByteDance, the developer of the video-sharing service TikTok. Subsequently, Chew changed Kevin A. Mayer as TikTok’s CEO, taking on an organization that was within the midst of main international scrutiny for its potential safety dangers. Specifically, TikTok and ByteDance have attracted vital controversy in relation to considerations over nationwide safety, surveillance, and censorship. Concerns have been raised in a number of international locations over the sorts of content material that may or can’t be seen on TikTok, in addition to how the app collects and makes use of the info of its customers.
Due to the myriad considerations over knowledge privateness, censorship, and its hyperlinks to the Chinese authorities, TikTok has been banned in lots of locations, together with India. In early 2023, the United States Department of Justice and the FBI opened an investigation into ByteDance regarding the corporate’s alleged surveillance of journalists. As a consequence, Chew testified earlier than the US’s House Energy and Commerce Committee concerning legislative efforts to ban TikTok within the nation. He testified once more in early 2024 throughout a US Senate Judiciary Committee listening to on laws associated to youngster Internet security.
Personal Life
In 2008, Chew met fellow grad scholar Vivian Kao at Harvard Business School. They ultimately received married, and had two youngsters. Chew and Kao repeatedly give again to their alma mater as donors and volunteers. They reside in Singapore.
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