Zoom’s Record Quarter Adds $4.2 Billion to CEO Yuan’s Fortune

(Bloomberg) — In just a few hours, Zoom Video Communications Inc. Chief Executive Officer Eric Yuan got $4.2 billion richer.Shares of his virtual-meeting company surged as much as 26% to $410 in late U.S. trading as it reported a jump in quarterly revenue and suggested the explosive growth will continue. Should the stock maintain such a gain on Tuesday, Yuan’s fortune would surpass $20 billion.It’s been a year filled with eye-popping rallies for the richest names in the tech world — Amazon.com Inc.’s Jeff Bezos saw his net worth grow by $13 billion in one day in July, and Tesla …read more

Source:: Yahoo Finance

      

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