Home / Business / Eric Yuan, CEO of Zoom, gets $ 6.6 billion in one day, rising 40% in shares

Eric Yuan, CEO of Zoom, gets $ 6.6 billion in one day, rising 40% in shares



What happened: The sharp rise in yuan’s assets was due to the company’s shares soaring 41% after a surge in quarterly sales and revenue forecasts a day earlier. “Data-reactid =” 20 “>What happened: The sharp rise in yuan’s assets was due to the company’s shares soaring 41% after a surge in quarterly sales and revenue forecasts a day earlier.

On Monday, Zoom reported a 355% year-over-year increase in second-quarter revenue to $ 663.5 million and a 700% increase in active users as the company moved away from the trend of work- ing due to the ongoing COVID-19 pandemic. from-home fashion benefited.

According to the Bloomberg Index, the video conferencing company’s founder has grown $ 23 billion this year since Tuesday.

Another notable beneficiary of Zoom’s stock appreciation is Hong Kong billionaire Li Ka-shing, who owns an 8.5% stake in the company.

The 92-year-old’s inventory now stands at $ 11 billion, or a third of his total net worth, Bloomberg reported.

In a single day in July, Bezos added billions to his net worth – all thanks to demand for the e-commerce company’s services during the pandemic.

He added $ 90.2 billion to his net worth to $ 205 billion this year, according to the Bloomberg Billionaires Index.


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