Denied US visa 8 times this man is now a billionaire

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.

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
Source: Twitter

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

Meanwhile, Legit.ng previously reported that despite the scary and startling statistics of poverty that has been recorded in Nigeria, there are still a handful of people that have managed to make headway and boast of wealth and success.

PAY ATTENTION: Read best news on Nigeria's #1 news app

Forbes recently released its 2019 list of the world’s billionaires and it is impressive to note that a number of black people also clinched top spots on the list.

Even more interesting is the fact that of the eleven blacks that made it into the list; four are from Nigeria. The list featured popular Nigerian business moguls, Aliko Dangote, Mike Adenuga , Abdulsamad Rabiu, and Folorunso Alakija.

NAIJ.com (naija.ng) -> Legit.ng We have upgraded to serve you better

Do you believe Nigeria is still the giant of Africa? | Legit TV

Source: Legit.ng

from Legit.ng: Latest Nigeria News Today & Breaking Naija News 24/7 http://bit.ly/2DoQSzD
via EDUPEDIA24/7

Comments

Nigerian Academy Of Science Inducts First Female President

The Nigerian Academy of Science has inducted a professor of Parasitology/Epidemiology, Ekanem Ikpi Braide, as its 19th President on Thursday. In a statement issued by Oladoyin Odubanjo, the Executive Secretary of the Academy, Braide is the Academy’s first female President in 44 years of existence. It read, “Braide was a member of the national committee that achieved the laudable feat of guinea worm eradication in Nigeria. “She has a rich professional experience as a researcher and an administrator. In July 2010, Professor Braide was honoured by the President of Nigeria with the award of Officer of the Order of the Federal Republic (OFR) for her contribution to disease control in Nigeria. “She was nominated by the Honourable Minister of Health to serve in the Ministerial Expert Advisory Committee on COVID-19 Health Sector Response (MEACoC-HSR). “Professor Braide served as Vice-Chancellor, Cross River University of Technology (CRUTECH) Calabar, Nigeria (2004 to 2009) and as P...

NLNG Signs Letter Of Intent On Delayed Gas Expansion Project

The Nigerian Natural Liquefied Gas LTD has signed a letter of intent for the engineering, procurement and construction of its long held up Train Seven project. In a statement released by the company on Wednesday, it said that the $10bn project will be executed by a consortium of Italian firm Saipem, Japan’s Chiyoda and South Korea’s Daewoo. The statement reads, “The project will form part of the investment of over $10bn including the upstream scope of the LNG value chain, thereby boosting the much needed Foreign Direct Investment profile of Nigeria.” Managing Director of NLNG, Tony Atta, said in 2018 that the Final Investment Decision would be made in the fourth quarter of that year. This did not however, materialize. According to the release, the project will have a four to five-year execution time after the signing of the FID. The project is expected to add an extra 8 million tons per annum of gas to the 22 mtpa currently exported by the company. Oil News AddThis :...

Former Maritime Agency Boss, Buba Galadima, Accuses AMCON Of Witch-hunt After Property Takeover

A former Director-General of the Nigeria Maritime Agency, Buba Galadima, has accused the Asset Management Corporation of Nigeria of witch-hunt after the agency took possession of his business and assets on Tuesday in Abuja. Galadima, an ardent critic of President Muhammadu Buhari, claimed that he did not borrow money or have unpaid debt with Unity Bank, which lodged a complaint against him and occasioned AMCON’s move on Tuesday. The properties taken over include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory, Abuja and House No. 4, Bangui Street, Wuse 2, also in Abuja. Reacting to the situation, Galadima said, “This is an attempt to disgrace and break me down. This is injustice and an attempt to humiliate me. "But I am unbreakable and they can never silence me. They sacked me and over 50 people that sleep in the apartment. "We don’t know where to go. We will remain on the streets. We will remain on the streets until God provi...

EDUPEDIA247

Search This Blog