“The valuations look rich for some of these names, but some of these are multiyear growth stories. He’s sold more than $275 million of Zoom stock this year and is still worth $20 billion, according to the Bloomberg Billionaires Index. Peloton founder John Foley became a billionaire on the stunning rise in the home-fitness company’s shares. He’s down $300 million after the stock tumbled 20%.FedEx Corp. Chairman Fred Smith’s net worth dropped by about $250 million as shares of the express shipping company fell 5.7%. His fortune had surged this year by more than 70% through Friday as remote working and booming e-commerce boosted demand for package delivery services.

Source: Libya Today November 09, 2020 11:39 UTC