Hong Kong's richest man Li Ka-shing holds $11 billion Zoom stake - Business Insider

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Hong Kong's richest man holds an $11 billion stake in Zoom that makes up one-third of his total wealth

Li's stake gained $3.2 billion within a single day, and he is now worth $32.6 billion, Bloomberg said. He first invested in Zoom in 2013, just two years after the company was launched.customers and more than 10 employees — a 458% jump on the year.

The company has become a preferred mode of communication during the coronavirus pandemic.The billionaire's early bet on Zoom can partially be credited to Solina Chau, a long-time confidante, who co-founded his venture-investment arm Horizons Ventures in 2002, Bloomberg reported.

 

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