If you’re a gamer or a Wall Street investor, you’ve probably heard of “Roaring Kitty.” You’re probably aware of the controversy it caused in the financial and gaming worlds, but you might not be familiar with Keith Gill, the man behind the moniker.
Keith Gill’s net worth is predicted to be $30 million as of 2023. Gill’s route to becoming a multi-millionaire was not unusual; therefore, let’s follow in his footsteps.
Keith Gill grew raised in a pretty regular family. He was born in the Massachusetts town of Brockton in 1986 and graduated from Stonehill College in 2009. Gill was also an early track and field phenom, earning the title of indoor athlete of the year by the US Track and Field Cross Country Coaches Association in 2008, and his accomplishments included running a 4:03 mile.
Gill became a Chartered Financial Analyst and a qualified securities broker. But Gill also had a strong bias for outside-the-box thinking and a propensity to disregard laws and regulations, and this combination has come to define his adult life.
Shenanigans at GameStop and on Reddit
Gill rose to prominence as a finance rebel with a cause in 2019, when he executed a deal that revealed a $50,000 long position in GameStop, a business several Wall Street firms had been shorting for some time.
Sensing a quick profit, other investors rapidly followed Gill’s lead, resulting in significant oscillations in GameStop’s stock price. Gill’s ability to go against the grain quickly established a trend, resulting in substantial losses for hedge funds such as Melvin Capital, which lost billions. Point72 and Citadel bailed out Melvin Capital but is now closing its doors.
Gill rapidly garnered a following on the WallStreetBets subreddit thanks to his eccentric personas. Gill utilized two ridiculous handles, “Roaring Kitty” and “DeepF—Value,” to identify himself as a renegade. Wearing various odd clothing, he used his YouTube channel and Twitter account to argue his illogical financial position.
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Despite his ridiculous pranks, they made Gill a lot of money. Due to the dramatic price swings in the stocks he invested in, his portfolio exploded, and the Wall Street Journal revealed in early 2020 that Gill’s accounts had swelled to $33 million.
Gill’s GameStop stake was worth $48 million at its peak by the end of January 2021, with followers celebrating his numerous movements as he posted them on WallStreetBets. He also did not sell his top-tier position to “hold the line” for retail investors.
A Run-in With the Law
Unsurprisingly, Gill’s actions garnered the notice of numerous authorities, and he was summoned to testify before the House Financial Services Committee in 2021. He thought GameStop was undervalued, and he “liked the stock” and was confident the firm would rebound. The Massachusetts Attorney General’s office, on the other hand, was unimpressed.
MassMutual was fined $4.75 million for failing to properly oversee Gill while he was operating as an agent for the company. Still, both the House Committee and the SEC cleared him of any potential charges.
Keith Gill Private Life
Gill went dark immediately after the storm died down, and there were no indications that he would return to illuminate the financial world. Gill’s private life began discreetly and has remained so. He married Caroline in 2016, and the pair has one child.
They live in Wilmington, Massachusetts. For a daily dose of celebrity net worth updates, look no further than our website Newspapers of America! Our team has crafted many articles covering all the latest news and juicy details on your favorite stars.
