Dexter Yang, described in the post as the figure behind the widely discussed claim of making 23 times returns from U.S. stock investing while at ByteDance, shared new details on Sept. 1 about his performance since joining the company on Jan. 14, 2019. He said that over more than seven years, ByteDance options would have returned 4.5x to 5x based on the company’s buyback price, equal to an annualized return of 22% to 24%. Using a market valuation range of $600 billion to $1 trillion, the same options would be up 8x to 13x, with annualized returns of 31% to 40%.
Yang also said his personal U.S. equity portfolio gained 23x over the same period, for an annualized return of 51%. He added that if those return levels are not achievable, the best investment is still to do well at ByteDance and earn more options. In his view, career development and investing follow the same logic: take risk, enter early, stay in the game, and rely on compounding driven by personal growth and long-term exposure to the right sector. He summed up the approach as "buy and hold." The report also referenced former ByteDance employee Leto Bao, who was previously said to have made substantial profits from U.S. stocks tied to the AI storage theme, with online claims putting that gain at around 30 million yuan before he resigned.
BlockBeats reported on Sept. 1 that Dexter Yang, described as the person behind the widely circulated claim of making 23x returns from U.S. stock investing while at ByteDance, shared details of his performance over the period since he joined the company on Jan. 14, 2019.
Yang said that in the more than seven years since then, ByteDance options would have risen 4.5x to 5x based on the company’s buyback price, translating into annualized returns of 22% to 24%.
Using a market valuation range of $600 billion to $1 trillion, he said those same ByteDance options would be up 8x to 13x, with annualized returns of 31% to 40%.
He also said that his personal U.S. stock holdings gained 23x over the same stretch, for an annualized return of 51%.
On strategy, Yang wrote that if investors cannot achieve returns at those levels, the best investment is still to do their job well at ByteDance and earn more options. He said career development and investing work in the same way: take risk, enter early, stay in the market, and pursue exponential growth through compounding from personal development and sector accumulation. He summed it up as "buy and hold."
The post also noted that former ByteDance employee Leto Bao, previously referred to as the "ByteDance stock-trading guy," made substantial profits by catching the AI storage theme in U.S. equities. Online claims said he earned about 30 million yuan and later resigned.
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