Hong Kong’s richest man, Li Ka-shing, made $ 3.2 billion in one day through his investments in video conferencing app Zoom.
Hong Kong businessman Li Ka-shing, who recently invested in popular app zoom in the pre-epidemic era, now has an $ 11 billion stake in video conferencing app Zoom Video Communications, which accounts for a third of his fortune.
The 92-year-old billionaire’s stake in the California-based company represents an 8.5 percent stake.
The ultra-wealthy businessman, often dubbed “Superman” and seen as Asia’s “Warren Buffett,” is best known for building some of the most iconic skyscrapers that make up Hong Kong’s skyline, Business Insider reported.
Zoom had gained nearly 399 percent since the start of the year to Tuesday’s close.
The company’s shares rose 47 percent after it reported second-quarter earnings that beat Wall Street expectations.
Li Ka-shing’s stock earned $ 3.2 billion in one day and his fortune is now worth $ 32.6 billion, Bloomberg reported.
He first invested in zoom in 2013, just two years after the company was founded.