Zoom's founder earns $ 4.2 billion in just few hours

Eric Yuan, founder, CEO, chairman, and president of Zoom Video Communications, the operator of Zoom video conferencing, increased his fortune by $ 4.2 billion in just a few hours on Monday, Report says, citing Bloomberg.

The company's shares rose sharply after the publication of positive corporate reports. Shares of Zoom Video Communications rose nearly 26% to $ 410 in a matter of hours in electronic trading in the US. Bloomberg estimates that Eric Yuan's wealth will exceed $ 20 billion if the trend continues until Tuesday morning.

Zoom's popularity has grown significantly against the background of the spread of a novel coronavirus and the transition of many people to work remotely.