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
Born1969/1970 (age 50–51)[1]
CitizenshipUnited States[1]
Alma materShandong University of Science and Technology (BS)
China University of Mining and Technology (MS)
Stanford University (MBA)
OccupationBusinessman
Net worthUS$10.0 billion (June 2020)[1]
TitleFounder and CEO, Zoom Video Communications
Spouse(s)Married since 1991 or 1992
Children3
Eric Yuan
Chinese袁征

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

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