It has been a dramatic year for the share market that has been seeing a lot of fluctuations. Recently, the chairman of Quicken Loans Inc Dan Gilbert’s net worth jumped by $25 billion after shares of his company Rocket Cos America’s largest home mortgage provider surged and received massive boosts.

As a result, Gilbert’s net worth skyrocketed so much that it marked the biggest one-day move in Wallstreet’s 9-year history, Bloomberg reported. This happened after CNBC reported a few days back that due to its high short interest, it could be a Reddit target.

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Reddit forums, like WallStreetbets, have been influencing the market by buying heavily shorted stocks to rebel against hedge funds. By doing so, they have been increasing the net worth of these chairpersons. Along with Dan Gilbert, the net worth of other rich shareholders like Wang Jianlin, Nick Caporella, and Ellen Gordon has also gone up.

The gain for Dan Gilbert has been more massive. His net worth had already gone four times when his company went public in May. Now, this incident has pushed the Rocket Companies CEO up by 19 spots, securing a place in the 16th position in Bloomberg’s Billionaires Index. The 59-year-old is now worth $64.1 billion. 93% of his stakes are in Rocket.

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However, there have been stark fluctuations in the market as well. Elon Musk became the richest person in January but was later knocked off by Jeff Bezos. They have been continuing this swapping since them