Man becomes billionaire after being denied US visa 8 times

Man becomes billionaire after being denied US visa 8 times

A China-born entrepreneur, Eric Yuan, who was denied visa by the United States of America government is now a billionaire.

Yuan finally made it to the US two years after his visa rejection and has become a major shareholder of video conference services firm Zoom Video Communications Inc.

The video communications company have raised $751 million in an initial public offering Wednesday, April 17, Bloomberg reports.

It was gathered that Yuan's family stock hit $57 million, based on Zoom’s IPO price of $36 a share.

READ ALSO: Meet the KNUST students who have developed gas leakage detector Level 100

The billionaire's company's reported net income of $7.6 million on revenue of $331 million for the year is now nine times worth 1 billion.

Yuan who started his career at the WebEx communication also worked at Cisco Systems Inc.before he came up with Zoom video communications.

He said his dream was to have a smart device which can allow him see and talk to people in just one click.

Denied US visa 8 times this man is now a billionaire

Eric Yuan. Photo credit: Bloomberg

The billionaire said: “And every day I thought about that.”

READ ALSO: Latest video shows Stonebwoy stole Shatta Wale’s song for his Shuga song

Do you have a life-changing story you want us to publish? Please send it to us now on Facebook.

Source: Yen.com.gh

Related news
DJ Switch becomes latest Ghanaian face on New York Times' billboard

DJ Switch becomes latest Ghanaian face on New York Times' billboard

DJ Switch becomes latest Ghanaian face on New York Times' billboard
YEN.com.gh
Mailfire view pixel