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Zoom billionaire Eric Yuan made $5 billion in one day as the videoconference company reports record earnings

Zoom billionaire Eric Yuan made $5 billion in one day as the videoconference company reports record earnings

Taylor Nicole Rogers

Thelife1 min read

Zoom CEO Eric Yuan made $5.2 billion Monday after his videoconferencing company reported record quarterly earnings, Bloomberg reports.
Zoom said its revenue during the second quarter was 355% higher than it was during the same period last year, shattering analysts' estimates.
Yuan, along with Jeff Bezos and Elon Musk, is among the highest-earning billionaires throughout the coronavirus pandemic.
Zoom saw a major boost in market value as schools, companies, and social functions transitioned online to promote social distancing, with increasing reliance on videoconferencing technologies for day-to-day life.
Bloomberg now estimates Yuan is worth $16.4 billion, a more than 360% increase from his net worth at the start of the year.