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Zoom Founder Is $2 Billion Richer as Sales Point to Growth

  • Firm expects higher revenue gains than projected by analysts
  • CEO’s fortune surges to about $22 billion after stock jump
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Watch: Zoom Video Communications CFO Kelly Steckelberg discusses the company’s performance during the Covid-19 pandemic and its outlook.(Source: Bloomberg)
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Zoom Video Communications Inc.’s upbeat revenue forecast sent shares of the company surging. For its founder, that translates into a $2 billion wealth bump.

Eric Yuan, who owns almost one-fifth of the video-conferencing company, is now worth about $22 billion, according to the Bloomberg Billionaires Index. The stock jumped as much as 12% late in the U.S. Monday as Zoom said revenue could climb 43% in fiscal 2022, more than the 37% analysts tracked by Bloomberg estimated on average. Shares climbed 7.8% to $441.56 in premarket trading Tuesday.