To summarize, the estimated net worth of TikTok stands at 50 billion USD, with the potential to rise as high as 75 billion USD. Musically was formed in 2012 and renamed in 2013. While Facebook and Instagram were doing incredibly well, TikTok was slowly plodding along without getting a lot of attention. However, its popularity has skyrocketed in the previous few years, and I expect it to continue to soar in the future. TikTok’s main business, ByteDance, is valued at 425 billion USD.
Major Source of TikTok Revenue
When it comes to creating short films to be shared with your audience, or even just your friends, TikTok is the best place to do it. TikTok allows its users to take advantage of a wide range of features and effects, and anyone can create a 15-second video. It’s possible to add sound effects and clips to videos on TikTok, and a wide range of video styles are popular among the service’s users. Lip-syncing videos and comic skits are among them.
The Stakeholders of TikTok
When a firm is worth this much, and when you consider how much TikTok is worth, it’s no surprise that investors are eager to get in on the action. So many TikTok stockholders are willing to invest in this profitable company. These companies include Tiger Global Management, Goldman Sachs, Morgan Stanley, Bank of China, etc.
Usage and Revenue Statistics of TikTok 2022
Douyin, the Chinese version of TikTok, was introduced in China in September. ByteDance, the parent company of the platform, introduced an international version of it the following year after it immediately became popular in China. Founded initially as a short-form video sharing site, mostly for lip-synching and dance videos, TikTok has expanded into a fully-fledged video service, with content available for all types of viewers.ByteDance was the operator of Toutiao, an AI-powered news aggregation platform. Thus they were no strangers to building hugely popular apps. A comparable AI technology developed by ByteDance’s founder and CEO, Zhang Yiming, has been integrated into the TikTok app, allowing it to recognize users’ preferences and serve them more relevant content. In contrast to many other Chinese apps, such as Tencent’sWeChat, TikTok was able to get a foothold in the international market by acquiring Musical.ly for 1 billion USD in November 2017. This resulted in an additional 80 million members, mainly from the United States, which TikTok then imported to its platform. From that, TikTok skyrocketed into one of the most popular apps in 2019 and 2020. Over the course of 2019 and 2020, it was downloaded 693 million times. Since its debut just a year ago, it has risen to the seventh-most popular app of the decade, showing that TikTok is a serious threat to Facebook’s hegemony over Western social networking. Despite its meteoric rise, TikTok has been the subject of a number of debates. Both India and Pakistan banned it in 2019 because of “morality difficulties,” although they later lifted the restrictions. As tensions between China and India increased, India banned the app again in June 2020, along with a slew of other Chinese-based apps. In January 2021, India upheld the prohibition, which has resulted in various TikTokclones taking over market dominance in the country. As a result, TikTok faced the prospect of selling its US business to a holding company controlled by Walmart and Oracle. However, the Biden Administration has derailed President Trump’s executive action. Despite the slowdown in downloads caused by the prohibition in India and the emergence of TikTok clones by Facebook and Snapchat, the app continues to expand at a rapid rate. It is anticipated to surpass 1 billion monthly active users by 2022. Below are some key stats about TikTok.
Some Key Stats of TikTok
Annual Revenue of TikTok (2017-2021)
Annual Users of TikTok (2017-2021)
Income of Top TikTok Earners 2022
1. CharliD’Amelio
Net worth: 17.5 million USD Followers: 133 million
CharliD’Amelio retains a considerable lead over her competitors with a net worth of 17.5 million USD. May 2019 marked the beginning of her TikTok career as a professional dancer. Within a few months, she had amassed 50 million and then 100 million followers, making her the first individual in platform history to accomplish both feats.
It’s been a busy year for Charli, who is now 17 years old and involved in various lucrative businesses, including sponsorships, TV and film work, and the joint Social Tourist firm.
2. Dixie D’Amelio
Net worth: 10 million USD Followers: 57 million
With a large fan base and various side projects, the younger Dixie D’Amelio shares many of the same characteristics as her younger sister Charlie. Co-founder of Social Tourist, she’s made her mark on the entertainment industry as a popular YouTube star, a TV star, and a rising pop star.
3. Addison Rae
Net worth: 8.5 million USD Followers: 86 million
It is not unusual for a 21-year-old TikTok star to rise to stardom because of her popular dancing videos. Acting opportunities, sponsorships, a singing career, and her own cosmetics line soon followed. It’s clear from Addison Rae’s net worth that she’s still raking it in after all these years.
4. Bella Poarch
Net worth: 5 million USD Followers: 87 million
Bella Poarch, a Filipina-American TikTok star, became an overnight sensation after a famous lip-sync video. With over 50 million views on one of her videos, she set a record and recently signed a major label record deal.
5. TIE: Josh Richards
Net worth: 5 million USD Followers: 26 million
Josh Richards, a 19-year-old TikTok celebrity with a cool 5 million USD in wealth, shares the 5thspot on this list. As well as being a well-known face on social media, he’s also active in numerous commercial enterprises. That includes Ani beverages, which he co-founded, and a number of sponsorship deals. Triller’s Chief Strategy Officer and the host of Barstool Sports’ podcast are also his responsibilities.
6. Kris Collins
Net worth: 4.75 million USD Followers: 42 million
Sixth place is Kris Collins, a former hairdresser who became famous through funny sketch videos. She recently signed a deal with UTA, Canada’s leading TikTok entertainment agency.
7. Avani Gregg
Net worth: 4.75 million USD Followers: 26 million
Avani Gregg (aka “Clown Girl”), one of the founding stars of Hype House, is most known for her beauty tips and make-up videos. On the web series “Chicken Girls,” she plays the role of Gemma, or you can pick up her memoir, which was released in September 2021.
A Look into the Future of TikTok
COVID was a perfect opportunity to take advantage of TikTok, which had over 300 million downloads in the first quarter alone. It currently has a larger monthly active user base than Twitter or Snapchat combined. The American government is one of the major obstacles to TikTok’s development. The reason for this is that the US government has attempted to impose a ban on the app in the US due to security concerns. Oracle and Walmart had agreed to take over the American operations of the social media sharing app at one time, but the agreement has not yet been completed. If this deal falls through, TikTok will have to find another way into the American market. There is still a long way to go until TikTok reaches Apple’s profit metrics. It’s still showing a lot of promise, as evidenced by the large number of individuals who have downloaded the app. I don’t expect this number to decline any time soon. I can only expect it to grow in the future, considering how much TikTok is valued right now.
Q. Is it safe to Invest in TikTok?
Consider the following before making a decision: TikTok does not have a stock exchange listing. Unlike many of its “unicorn” brothers, TikTok is not listed on a major stock exchange like the New York Stock Exchange, despite its multibillion-dollar valuation. Most people would find it difficult, if not almost impossible, to persuade TikTok’s management to accept their investment. Even if ByteDance goes public next year, there may be some good news by the end of the year. If TikTok goes public, you’ll want to figure out if it’s worth your time and money to invest in the company. As a result, any investment in TikTok at this point must be deemed to be very speculative. It is strongly recommended that you seek the advice of a financial expert, such as a Registered Investment Advisor or a Certified Financial Planner, if you plan to invest in TikTok. Investing in TikTok could be easier if you consult one of these experts, who can help you assess your individual investing goals and tolerance for risk.
Q. In 2022, who will be the highest-earning TikTok star?
CharliD’Amelio has an estimated net worth of 17.5 million USD, making her the highest-paid TikTok celebrity of 2022, according to Forbes.
Conclusion
TikTok has become one of the most widely used social platforms. With the TikTok mobile app, you can create short videos and share them with your friends and family. It’s a global platform where you can also market your products and brand. The surge in TikTok users has prompted the curiosity to examine the platform’s revenue and how much it is worth. I believe that this article has answered all your questions about how much TikTok is worth.
