Roku’s Billionaire Founder Gains $645 Million After Stock Surge - News Summed Up

Roku’s Billionaire Founder Gains $645 Million After Stock Surge


The streaming platform's blowout earnings report led to an 11% bump in Anthony Wood's net worth. Marcio Jose Sanchez/ASSOCIATED PRESSRoku’s billionaire founder and CEO, Anthony Wood, got richer on Friday after his streaming video platform reported its highest-revenue growth rate since going public in 2017. Shares of Roku rose by around 12% as of 3:15 p.m. EDT, pushing Wood’s net worth up by $645 million. The company has continued to get a big boost from stay-at-home customers watching more streaming content during the Covid-19 pandemic. The fortune of Roku’s CEO, Wood, has jumped in tandem: His net worth has increased by $5 billion since April 2020.


Source: Forbes May 07, 2021 19:18 UTC



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