‘Ant’, which benefited from the surge in the stock price of the US video game retailer’Game Stop’, is drawing attention. The photo shows a sign of’Game Stop’ at a store in Colorado. Reuters = Yonhap News
There are always winners and losers on a battlefield full of gunfire. The same goes for the short sale and confrontation over the US video game retailer’GameStop’ compared to the fight between David and Goliath. The hedge fund, which had been selling short, was defeated after a huge loss. Individual investors were drunk to victory. And there are those who laugh louder. It is an individual investor who sits on a money cushion with the stock price soaring due to the fire ant’s onslaught.
According to CNBC in the US on the 27th (local time), there are three individual investors who have earned more than 2 billion dollars (about 2.2 trillion won) in two weeks due to the soaring stock price of GameStop. They are all listed as major shareholders of this company. The value of their stakes jumped significantly over the next few weeks, becoming a’billionaire’. In addition, Michael Burri, the real protagonist of the movie’Big Short’, is known to have benefited greatly from investing in GameStop.
The investor who really hit the jackpot is Ryan Cohen, CEO, co-founder of Chewy, an American companion animal supply company. He started buying GameStop shares in August of last year. At the time, it was to help Gamestop enter the online sales business. It purchases a stake in GameStop for 4 months and holds 13% of the total. The total amount he invested in the company was $76 million (about 85 billion won).
The value of Cohen’s stake has grown like a snowball. As Gamestop’s stock price soared over the past two weeks, the value of its stake soared to $1.3 billion (about 1.4 trillion won) as of the 26th (local time). Its net worth increased by $90 million per day (approximately 100.7 billion won) and $4 million per hour (approximately 4.4 billion won).
Ryan Cohen’s Twitter account, which owns 13% of the US video game retailer’GameStop’. Gamestop’s stock price has soared over the past two weeks, and the value of its assets has increased by $4 million per hour. Twitter capture
Another beneficiary is former CEO Donald Forth, founder of the subprime car mortgage loan company Credit Acceptance Corporation. In February of last year, Forth spent 12 million dollars (13.428 billion won) to purchase a 5% stake in GameStop. Currently, his assets are worth $500 million (KRW 5595 billion), and his total net worth is $2 billion (KRW 2,238 trillion).
George Sherman, the CEO of GameStop, also rose to the ranks of’billionaires’ due to the soaring stock price. The value of his 3.4% stake in GameStop soared to $350 million (KRW 3916 billion).
In addition, Michael Burry, a hedge fund investor who is famous for the real protagonist of the movie’Big Short,’ is also known as a beneficiary. According to major foreign media on the 26th, Burry had more than 1.7 million shares of Gamestop as of the end of the third quarter of last year. At the time, the stock price ($10) was worth 1738 million dollars (19.3 billion won). If Burri still retains the amount of supplies that he had at the time, the difference would amount to $575.2 million (KRW 6409 billion).
Reporter Yoon Sang-eon [email protected]