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It’s been more than three years since Keith Gill—the day trader known as “Roaring Kitty”—sparked a massive movement that turned GameSpot into a stock market sensation, and he’s caused yet another frenzy after revealing the eye-popping value of the shares he’s currently sitting on.
By now, you’re probably familiar with the wild saga that unfolded toward the start of 2021 courtesy of GameStop and the other meme stocks that took the internet by storm thanks in no small part to Gill, who argued the company that sparked the frenzy was undervalued before the countless retail investors he inspired caused its stock price to skyrocket after getting in on the action.
Gill (who was portrayed by Paul Dano in Dumb Money, the movie chronicling the crazy series of events) was able to turn an initial investment of approximately $50,000 into upwards of $48 million thanks to the spike, although it was unclear how much he actually had in his portfolio (and bank account) when the hype began to fade and he stopped routinely posting updates.
However, it would appear he’s doing very well for himself based on the latest development.
On Sunday night, the Reddit account affiliated with Gill posted a screenshot that suggests he currently owns 5 million shares in GameStop that were valued at $115,700,000 after the stock closed at $23.14 on Friday (he also invested another $65.7 million in a call option with a $20 strike price that expires on June 20th).
‘Roaring Kitty’ — the big name behind the GameStop Corporation ‘meme stock’ saga — on Sunday night revealed that he owns over $115.7 million worth of shares in the video gaming retailer.
The influential investor, who has a large following among Redditors, especially… pic.twitter.com/U9tIbVaR2g
— *Walter Bloomberg (@DeItaone) June 3, 2024
That position is now worth much, much more courtesy of the rally the post helped spark when the stock market opened up on Monday, as shares rose as high as $40.50 to bring the value of his shares to over $200 million (the price is currently hovering around $35 as of this writing).
There’s no way to know what Gill plans to do with his stake (he’s done an impressive job holding since getting in on the action), but he’ll be a very, very rich man if he decides to cash out.