A file photo of Yuan (right) speaking with a trader after the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Eric Yuan, the founder of Zoom Video Communications Inc added US$20mil (RM86.63mil) to his net worth on a day when the S&P 500 plunged 12%, the most since Black Monday on Oct 19, 1987. — AFP
The continuing rout in global stocks obliterated about US$4tril (RM17.32tril) of market value Monday, but one tech billionaire is managing to avoid the onslaught as social distancing becomes the norm.
Eric Yuan, the founder of Zoom Video Communications Inc added US$20mil (RM86.63mil) to his net worth on a day when the S&P 500 plunged 12%, the most since Black Monday on Oct 19, 1987. Shares of the video-conferencing company climbed 0.4%, boosting its year-to-date gain to 58%.
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