How Roaring Kitty's wealth went from $53,000 to nearly $300 million — and could one day top $1 billion
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Almost five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. This week, Gill's net worth is over $289 million.
The meme stock leader, who can move the stock by simply posting cryptic messages online, shared a screenshot of his portfolio Monday night, showing he held onto his 5 million shares of GameStop and 120,000 call options even after a 21% rally. He made a whopping $79 million on paper on Monday — a single trading day.
Gill, whose handle is «DeepF------Value» on Reddit and «Roaring Kitty» on YouTube and X, started sharing his GameStop position in September 2019 with a $53,000 stake, encouraging a band of retail traders to squeeze out short-selling hedge funds. By the end of the jaw-dropping episode in April 2021, Gill exercised his call options position to have 200,000 common shares.
The size of his positions dramatically increased when he resurfaced online three years later. Meanwhile, GameStop, a stock he originally bought because he thought it was a deep-value bet, is still struggling with shifting away from brick-and-mortar video game purchases to e-commerce.
«The most successful players are those that are just out of their minds. You have to be made of something different to trade like that,» said Michael Khouw, co-founder and chief strategist of OpenInterest.PRO.
«You would never see a professional trader make those kinds of numbers,» Khouw added. «Most of our risk managers would have come down on this way before you ever got to something swinging around like this. It's just unimaginable.»
Gill could run into some trouble, though. The Wall Street Journal reported that Morgan Stanley's E-Trade broker was considering booting him because of the
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