Zoom’s record quarter adds $4.2 billion to CEO Yuan’s fortune

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% to $410 in late US trading as it reported a jump in quarterly revenue and suggested the explosive growth will continue. Should the stock maintain such a gain on Tuesday, Yuan’s fortune would surpass $20 billion.

It’s been a year filled with eye-popping rallies for the richest names in the tech world — Amazon.com Inc.’s Jeff Bezos saw his net worth grow by $13 billion in one day in July, and Tesla Inc.’s Elon Musk added $8 billion in 24 hours last month. Both men have reached record levels of wealth, with Bezos crossing $200 billion and Musk surpassing $100 billion last week.