Summary
- Keith Gill, the financial advisor who became the center of the GameStop frenzy, stands to make a fortune from his heavy investment in GameStop's stock.
- Gill saw the value of his investment fluctuate wildly, making $9 million in two days during the short squeeze, but then losing as much as $30 million in just two days when the stock price dipped.
- While the exact details of Gill's net worth are uncertain, he confirmed that his all-time high value in GameStop was nearly $48 million, and his current net worth, as depicted in the movie Dumb Money, is $34 million.
Dumb Money depicts the rise of GameStop's stock price and could leave viewers wondering how much money Keith Gill made from his investment. The 2023 movie sees Paul Dano play the lead role of Keith Gill, a financial advisor at Mass Mutual who became the center of the GameStop frenzy. This was thanks to his online personas as u/DeepF***ingValue on Reddit and Roaring Kitty on YouTube as he documented the heavy investment he made by buying up GameStop's stock. Keith Gill stood to make a fortune on GameStop as a result of hedge funds short-selling the stock, allowing a short squeeze to happen if the stock turned around.
Since this is the basis of the Dumb Money true story, the rising price of GameStop's stock and Keith Gill's fortune plays a huge role in the movie. He winds up seeing the value of his investment fluctuate wildly as a result of the stock's volatility. Keith Gill went from making $9 million in two days alone at the start of the short squeeze to losing as much as $30 million in two days when the GameStop stock price dipped quickly. The reality is that Keith Gill made a lot of money thanks to investing in GameStop early on, leaving him with a huge net worth by the time of Dumb Money.
Keith Gill Could Have Made $48 Million From GameStop Stocks
The financial profits that Keith Gill received from GameStop stocks are not officially known. However, he did confirm that his all-time high value in GameStop was nearly $48 million. Keith posted screenshots of how much his GameStop investment was worth routinely on the WallStreetBets Reddit page. On January 27, 2021, his screenshot revealed that his GameStop position was worth $47,973,298.84. The majority of this total came from the 50,000 shares and 500 price options, while $13,840,298.84 was attributed to his cash total. This came after investing more than $750,000 in GameStop over time.
Related: How High GameStop's Stock Price Got & What It Costs Now
Although Keith Gill could have made $48 million from his GameStop stocks at one point, this would have required him to sell all those shares. He instead held firm in his belief that the stock was a good investment and doubled down on his investments. He spent nearly $2 million to buy an additional 50,000 shares by February 19, 2021, the day after the Congressional Hearing, leaving him with about $11.8 million in cash total. In his final update shared on April 16, 2021, Keith revealed that he bought another 100,000 shares for roughly $8M. This left him with $3.5M in cash and $30M worth of GameStop stock.
What Keith Gill's Net Worth Is In 2023
According to Dumb Money's ending, Keith Gill's current net worth is $34 million. However, this is impossible to verify considering his standing with GameStop's stock is unknown. He has not posted any updates about his stock position since April 2021, but GameStop's stock price has dipped quite a bit since then. He could hold as many as 800,000 shares due to a GameStop 4:1 stock split from July 2022. Since GameStop's stock is worth about $17 in 2023, he would have roughly $14M in net worth from GameStop alone if he is still holding by the time Dumb Money arrived.
FAQs
The profit on Keith Gill's GameStop trades
It consisted of two parts: 5 million shares of GameStop stock purchased for $21.27, worth approximately $116 million at the time of the post. 120,000 June 2024 $20 call options purchased for about $5.68, worth nearly $66 million at the time of the post.
Who owns the most GameStop stock? ›
What percentage of GameStop (GME) stock is held by retail investors? According to the latest TipRanks data, approximately 63.32% of GameStop (GME) stock is held by retail investors. Who owns the most shares of GameStop (GME)? Vanguard owns the most shares of GameStop (GME).
What is the highest GameStop stock has ever been? ›
The all-time high GameStop stock closing price was 86.88 on January 27, 2021. The GameStop 52-week high stock price is 64.83, which is 189.5% above the current share price.
What is Keith Gill's net worth? ›
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.
What is Keith Gill doing today? ›
Gill dropped out of public life in 2021 after testifying before Congress about his role in the GameStop stock saga. It's unclear what he is doing today, or if he still owns his GameStop stock.
Did Roaring Kitty ever sell? ›
Meme stock star Roaring Kitty, also known as Keith Gill, may have sold some of his GameStop holdings. The screen shot also showed he owned 5 million GameStop shares worth $115.7 million on June 2. On Wednesday, some 93,000 of the June call options changed hands, some of it in large chunks of 5,000 contracts or more.
How many shares of GME does Roaring Kitty own? ›
Gill, known online as “Roaring Kitty” and “Deepf*ckingValue,” posted on June 13 that he bought another 4 million shares of GME. This brings the trader's total shares to over 9 million, worth about $262 million when GME closed that day.
Is Roaring Kitty still active? ›
The stonk king himself, Roaring Kitty, has returned to social media after a three-year hiatus by posting, you guessed it, memes.
Who bought 9 million shares of GameStop? ›
NEW YORK, June 13 (Reuters) - Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week.
How many GameStop stocks exist? ›
Number of shares outstanding as of September 2024 : 305,300,000. According to GameStop 's latest financial reports and stock price the company's current number of shares outstanding is 305,300,000. At the end of 2023 the company had 305,300,000 shares outstanding.
GameStop has a market cap or net worth of $9.98 billion as of September 9, 2024. Its market cap has increased by 93.85% in one year.
Did Keith Gill make money? ›
He made a whopping $79 million on paper on Monday — a single trading day. Learn more about Gill's meteoric rise here: cnb.
Is GameStop a good stock to buy? ›
GameStop's analyst rating consensus is a Moderate Sell. This is based on the ratings of 1 Wall Streets Analysts.
How much did Kitty make on GameStop? ›
GameStop has been facing financial challenges due to the increasing shift towards digital game downloads and competition from online retailers. Keith Gill, aka Roaring Kitty, posted for the first time on Reddit since April 2021, showing a $181.4M position in GameStop stock and options.
How much did Kim Campbell make from GameStop? ›
In reality, Kim Campbell is a nurse at the Davis Center of Psychiatric Medicine living in Los Angeles. Kim's investment in GameStop rose to as much as roughly $50,000 whereas Jenny's financial gains in Dumb Money soared to upwards of $500,000.
What is GameStop net worth now? ›
GameStop net worth as of September 11, 2024 is $8.52B.
Interactive chart of historical net worth (market cap) for GameStop (GME) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding.
Has GameStop ever made a profit? ›
GameStop Corp. reported a fourth consecutive quarter of falling sales, though the video-game retailer reported an unexpected profit. Revenue fell 31% from a year earlier to $798 million for the second quarter ended Aug. 3, the company said in a statement Tuesday.
How much does GameStop make per game? ›
GameStop makes 10% off the sale of a new game, so a $60 game would be a profit of $6. A pre-owned game, however, has a profit margin of 50% for GameStop.
