Eric Yuan
Eric S. Yuan (Chinese: 袁征; pinyin: Yuán Zhēng; born 1970) is a Chinese-American billionaire businessman, and the CEO and founder of Zoom Video Communications, of which he owns 22%.[2]
Eric S. Yuan | |
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Born | 1969/1970 (age 50–51)[1] |
Citizenship | United States[1] |
Alma mater | Shandong University of Science and Technology (BS) China University of Mining and Technology (MS) Stanford University (MBA) |
Occupation | Businessman |
Net worth | US$10.0 billion (June 2020)[1] |
Title | Founder and CEO, Zoom Video Communications |
Spouse(s) | Married since 1991 or 1992 |
Children | 3 |
Eric Yuan | |||||||
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Chinese | 袁征 | ||||||
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Early life
Yuan is the son of mining engineers. He was born and raised in Tai'an, Shandong Province, China.[3][4] In 4th grade, Yuan collected construction scraps to recycle copper for cash.[3]
As a first-year university student in 1987, he was inspired to develop videotelephony software while he took 10-hour train rides to visit his girlfriend and was looking for an easier way to "visit" her.[5][4] He earned a bachelor's degree in applied mathematics from Shandong University of Science and Technology, and a master's degree in mining engineering from China University of Mining and Technology. Yuan attended a Stanford University executive program, earning an MBA from the school in 2006.[3][6]
Career
Yuan worked in Japan four years after graduation. Inspired by Bill Gates who spoke in Japan in 1994, he moved to Silicon Valley in 1997 to join the tech boom.[5] At the time, Yuan spoke very little English, and applied nine times before being granted a visa to the United States.[4][7]
Upon arriving in the US, Yuan joined WebEx, a videoconferencing startup.[3] The company was acquired by Cisco Systems in 2007; at which time he became vice president of engineering.[4] In 2011, Yuan pitched a new smartphone-friendly video conferencing system to Cisco management.[8] When the idea was rejected, Yuan left Cisco to establish his own company, Zoom Video Communications.[4]
In 2019, Zoom became a public company via an initial public offering, at which time Yuan became a billionaire.[3][1]
Personal life
Yuan married at age 22, while he was a master's student at China University of Mining and Technology.[3] They have three children and live in Santa Clara, California.[1]
References
- "Forbes profile: Eric Yuan & family". Forbes. Retrieved 12 June 2020.
- Pendleton, Devon (21 March 2020). "The rise of social distancing during coronavirus pandemic pushes Zoom founder's net worth up by $2 billion in 2020". www.fortune.com.
- Konrad, Alex (May 31, 2019). "Zoom, Zoom, Zoom! The Exclusive Inside Story Of The New Billionaire Behind Tech's Hottest IPO". Forbes.
- Weiner, Yitzi (October 2, 2017). "The Inspiring Backstory of Eric S. Yuan, Founder and CEO of Zoom". Medium.
- Huddleston Jr., Tom (April 18, 2019). "A Bill Gates speech inspired Zoom founder to start an internet business—now he's a billionaire". CNBC.
- Stone, Brett (2020-03-29). "A Biography of Eric Yuan, Founder and CEO of Zoom". Medium. Retrieved 2020-05-09.
- Levy, Ari (April 19, 2020). "Zoom's CEO emigrated from China 22 years ago and spoke little English — now he's worth almost $3 billion". CNBC.
- Rogers, Taylor Nicole (April 1, 2020). "Meet Eric Yuan, the founder and CEO of Zoom, who has made nearly $4 billion in 3 months as usage of his video conferencing software skyrockets amid the coronavirus pandemic". Business Insider.