Eric Yuan’s Wealth Jumps $6.6 Billion in 24 Hours on Zoom Rally

Virtual-meeting firm’s quarterly sales, forecast top estimates
Zoom CEO is now worth $23 billion after frenzied trading day

Zoom Growth Booms With 355% Revenue Gain in Second Quarter

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By Sophie Alexander and Nico Grant

September 1, 2020 at 2:16 AM UTC

Updated on

September 1, 2020 at 9:23 PM UTC

This article is for subscribers only.

Zoom Video Communications Inc.’s Eric Yuan extended the scorching pace of his wealth accumulation on Tuesday.

Yuan’s net worth soared by $6.6 billion as shares of Zoom surged 41% in New York trading after the virtual-meeting company reported a jump in quarterly revenue and raised its sales forecast on Monday. The boost lifted the 50-year-old chief executive officer’s fortune to $23 billion, according to the Bloomberg Billionaires Index.