$4 bn in hours: Zoom CEO's wealth soars as revenue jumps 355% in Q2

In just a few hours, Zoom Video Communications Inc Chief Executive Officer Eric Yuan got $4.2 billion richer.

Shares of his virtual-meeting company surged as much as 26 per cent to $410 in late US trading as it reported a jump in quarterly revenue and suggested the explosive growth will continue.

Zoom Video Communications reported the second-largest sales surge among Nasdaq 100 companies last quarter, providing an emphatic demonstration that businesses and consumers have continued to flock to the video-meeting service in even larger numbers than expected. Shares soared more than 32 per cent in early trading on Tuesday. Revenue jumped more