Perhaps Yuan himself did not expect Zoom’s market capitalization to reach $ 31 billion . In the past three months, amid the outbreak of the Covid-19 pandemic, Yuan’s fortune has increased by more than $ 4 billion , reaching approximately $ 7.6 billion according to Bloomberg estimates. Most of that money comes from the 19% of the Zoom shares he holds.
Suddenly becoming a remarkable name, few people know Eric Yuan’s journey to become a billion-dollar entrepreneur through many difficulties.
|Founded Zoom at 41, Eric Yuan’s successful career came quite late compared to Silicon Valley celebrities. Photo: Zoom .|
8 times the US denied the visa
Eric Yuan was born in 1970 in Fu’an City, Shandong Province (China). According to Forbes , Yuan’s parents work as a mining engineer. At 22, Yuan married a long-time acquaintance while studying for a master’s degree.