The rise of GameStop has made its top 3 billion shareholders overnight

Call them Reddit Rich.

GameStop’s parabolic growth over the past two weeks, driven in part by the Reddit Wallstreetbets crowd, has created more than $ 2 billion in personal wealth for the company’s three major individual shareholders. Although it may not take long, the massive shareholder gains created in such a short time give new meaning to the notion of instant wealth in the digital age.

The main beneficiary of GameStop growth is Ryan Cohen, the co-founder of Chewy who made an investment in GameStop last year in an effort to help the company accelerate its online momentum. Cohen began buying GameStop shares in August and added to his position in December. He invested a total of $ 76 million for a stake of about 13% in the company.

By the time the market closed on Tuesday, Cohen’s 13% stake was worth more than $ 1.3 billion. So in the last two weeks, Cohen’s net worth has risen by an average of $ 90 million a day, or almost $ 4 million an hour. Cohen could not be reached for comment.

The other big winner of GameStop is Donald Foss, the 76-year-old founder and former CEO of Credit Acceptance Corp., a subprime car borrower. Foss, who lives in Michigan, bought 5% of GameStop in February last year for about $ 12 million. Its stake is now worth more than $ 500 million, bringing its total net worth to nearly $ 2 billion, according to Forbes. Foss could not be reached for comment.

GameStop CEO George Sherman saw his 3.4% stake in the company reach about $ 350 million.

So far, none of the Trei Mari shareholders appear to have sold shares. Several members of the board of directors reduced their holdings between January 13 and 15, when the shares started to increase. These sales may have been part of the pre-planned sales schedules.

GameStop continued its rise on Wednesday. It doubled and reached a 52-week high of $ 354.83 before cutting its earnings.