Yes, Keith Gill, known as "Roaring Kitty" or "DeepF---ingValue," made an immense amount of money from the {Link: GameStop (GME) stock surge, with his initial $53,000 investment growing to a net worth estimated to be over $200 million by June 2024.
On June 13, 2024 the value of Gill's position, according to his screenshots on Reddit, had stood at over $260 million, as he showed ownership of 9 million shares and no options.
GameStop CEO George Sherman owns over 2.3 million shares in the company, according to Bloomberg News. These shares were worth $44 million on December 31, but reached $1.1 billion when GameStop's stock reached $469, briefly making him a billionaire, before the value of his stock dropped to $901 million on January 29.
GameStop CEO Ryan Cohen will receive $35 billion in total compensation...if the company can 10x its growth. 😅💸 https://finance.yahoo.com/news/gamestop- announces-stock-option-award-110947219. html. They're a meme investment corporation.
During the height of the squeeze, Melvin was reportedly losing more than a billion dollars a day. The short position adopted by Melvin Capital and others resulted in more than 139% of existing shares of GME being shorted, making GameStop stock the most shorted equity in the world.
Billionaire Ryan Cohen joined the GameStop board in 2021 and became the CEO in 2023.
How Much is Roaring Kitty Worth? Gill's belief in GameStop didn't just make him famous—it made him incredibly wealthy. After exercising his call options, Gill still holds 9,001,000 shares of GameStop. At today's price of $29.70 per share, those shares are worth about $267 million.
The normie GameStop investors who recognized the opportunity for a short squeeze were right — the stock was over-shorted, they saw their chance, and they seized it. The episode took out Melvin Capital — even after getting extra money injected, the hedge fund eventually went under.
The "24-year-old trader making $8 million" refers primarily to Jack Kellogg, a successful day trader who reported over $8 million in gains from trading in 2020 and 2021, starting with just $7,500 and leveraging key indicators like VWAP, support/resistance, volume, and linear regression for simple, adaptable strategies. His story highlights achieving significant returns by weathering different market conditions, learning from losses, and sticking to core principles rather than overcomplicating things.
Citron Research founder Andrew Left, whose fund took a 100% loss on a GameStop short during the squeeze in 2021, has said he has started shorting the meme-stock again.
Chewy has lost one of its most high-profile feline customers. Keith Gill, better known as the meme-stock messiah Roaring Kitty, has sold off his stake in the online pet retailer, divesting 9 million shares of the company.
If Gill's Gamestop position hasn't changed since he last made it public in June 2024, he owns 9 million shares, which as of early 2024, would be worth around $275 million. If Gill still holds both of these stock positions, his net worth could be around $580 million.
Mark Cuban is significantly richer than Kevin O'Leary, with Cuban's net worth estimated in the billions (around $5.7 billion to $6 billion+ in recent reports) compared to O'Leary's net worth, which is typically cited as around $400 million, making Cuban the wealthiest "Shark" on Shark Tank. Cuban's wealth stems from ventures like Broadcast.com and the Dallas Mavericks, while O'Leary built his fortune through companies like SoftKey International (The Learning Company).
The biggest Shark Tank miss is widely considered to be Doorbot (now Ring), which the Sharks passed on in 2013 but was later acquired by Amazon for $1 billion in 2018, a massive missed opportunity for the investors. Another significant missed deal, though not a "missed company" but a rejected offer, was the founders of Coffee Meets Bagel turning down Mark Cuban's record $30 million offer for the whole company, though they raised millions in later funding, says Entrepreneur.
Campbell only sold five of those shares, making more from that sale than she spent on the investment of the 100. She still holds the remaining shares.
The hedge funds that shorted GameStop before the squeeze began lost vast sums of money. The worst hit was Melvin Capital, which lost $6.8 billion in a month. But many investors — a large proportion of them students — enjoyed big gains. Keith Gill himself is believed to have made more than $30 million.
Political views
Cohen supported Donald Trump during the 2024 United States presidential election, and promoted the conspiracy theory that the 2020 election was rigged. Ryan Cohen has publicly expressed criticism of Diversity, equity, and inclusion (DEI) policies.