Zoom CEO Eric Yuan’s fortune up by over $4bn in a matter of hours

Zoom has been one of the clearest beneficiaries of the coronavirus pandemic as national lockdowns and remote working have created a demand for its software.

Published on:

01 Sept 2020, 2:20 pm

The coronavirus pandemic has had the dual effect of further impoverishing the poor and boosting the already gargantuan wealth of a select few beneficiaries. Zoom CEO Eric Yuan, who came up with the idea for his software after repeatedly travelling 10 hours to see his girlfriend while they were college students, is one of those who have been served well by Covid-19. Worldwide lockdowns have created a significant demand for Zoom's software. Business conferences, online education and even children's playgroups all moved online as people worldwide were warned to stay away from one another – and South Africa has been no exception. – Nadya Swart