SAN FRANCISCO - In just a few hours, Zoom Video Communications chief executive officer Eric Yuan got US$4.2 billion richer.
It's been a year filled with eye-popping rallies for the richest names in the tech world - Amazon.com's Jeff Bezos saw his net worth grow by US$13 billion in one day in July, and Tesla's Elon Musk added US$8 billion in 24 hours last month. Both men have reached record levels of wealth, with Mr Bezos crossing US$200 billion and Mr Musk surpassing US$100 billion last week.
The software maker reported on Monday that sales jumped 355 per cent to US$663.5 million in the three months through July 31 - the second-largest surge among Nasdaq 100 Index members last quarter, only behind biotech firm Moderna Inc, data compiled by Bloomberg show. Zoom said sales will be as much as US$2.39 billion in the fiscal year ending in January, meaning revenue would almost quadruple in just one year.