
Investors from Reddit have boosted the fortune of the founder of Rocket Cos.
The fortune of the founder of the mortgage company Rocket Cos. Daniel Gilbert increased by $ 32.3 billion in a day, or more than 64% according to the rating Forbes Real-Time updated in real time.
Now his fortune is estimated at $ 82.7 billion, which allowed Gilbert to enter the ten richest billionaires in the world, displacing the richest businessman in Asia Mukesh Ambani, writes Forbes.
Gilbert`s fortune has increased due to the rise in the shares of his Rocket Cos. by 71% on March 2. The company could be interested in traders from the WallStreetBets community on Reddit, wrote CNBC. According to FactSet, approximately 40% of the company`s shares are short, making it a "classic target" for investors with Reddit.
At the end of January 2021, Reddit users raised the value of the shares of the" dying " GameStop chain stores by 700%. Flash mob has become an Internet phenomenon, which impacted the profits of hedge funds and caused a negative reaction from Wall Street.
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In February WSJ & nbsp; reported that the US Department of Justice has launched an investigation into market manipulation after the investor war with Reddit and Wall Street.
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Also in February, a group of investors filed a lawsuit against Keith Gill, the informal" leader " users on Reddit, accusing him of manipulating GameStop shares. Because of this, Gill & nbsp; lost professional financial broker status.