Range Intelligent’s stock rose 105% in 2024, giving Zhou a net worth of US$7.7 billion ($10.53 billion), according to the Bloomberg Billionaires Index, which is valuing her for the first time. Zhou is the chairwoman of the firm.
Entrepreneur Zhou Chaonan has become one of just three Chinese women billionaires in the ranks of world’s 500 richest people, propelled into the rarefied club by the rise of TikTok owner ByteDance and the artificial intelligence boom.
The 64-year-old is the founder of data centre operator Range Intelligent Computing Technology Group, which provides the computing power enabling the AI ambitions of its main client, ByteDance.
