Co-founder of TikTok, Zhang Yiming is reigning from the position of CEO of ByteDance, the Parent company of the video-sharing app.

The 38-year-old Zhang Yiming, on Thursday, May 20 said that he will leave the role because he lacks managerial skills, Onyxnews reports.

He added that he preferred “reading and daydreaming” to running the tech giant.

He announced his resignation on Monday in an official letter to his employees.

He reiterated that he lacked some skills that’d make him an ideal manager.

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According to him, “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.”

According to Bloomberg, he resigns with a net worth of $44.5billion, making him 31st on a list of the world’s richest people.

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