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Covid-19 outbreak effect: He added wealth to his wealth thanks to Zoom

Hong Kong’s richest man Li Ka-shing made $ 3.2 billion in one day with investments in videoconferencing app Zoom.

Li Ka-shing, a Hong Kong businessperson who invested in Zoom, the popular app of the last period, before the pandemic.

He currently owns an $ 11 billion stake in Zoom Video Communications, the video conferencing application that accounts for a third of his fortune.

The 92-year-old billionaire’s share in the California-based company represents an 8.5 percent stake.

Ultra-wealthy businessperson called “Superman” and seen as Asia’s “Warren Buffett”.

Zoom gained nearly 399 percent year-to-date until the closing on Tuesday.

The company’s shares rose 47 percent after reporting second quarter earnings that exceeded Wall Street expectations. Li Ka-shing’s stake earned $ 3.2 billion in one day, and his fortune is now worth $ 32.6 billion.

Invested in Zoom for the first time in 2013.

Written by Maraaz

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