REDDIT DAY TRADERS FATTEN FORTUNES OF THE SUPER-RICH

A horde of traders on Reddit that see themselves as sticking it to the establishment by hunting for heavily shorted stocks is adding billions to the wealth of some of the world's ultrarich. Larry Chen, chairman and chief executive of GSX Techedu, saw his fortune increase US$4.5 billion Wednesday as U.S. depository shares of the Beijing-based online tutoring company rose 38 per cent. Fellow Chinese billionaire Wang Jianlin's, pictured, wealth surged more than US$450 million through his stake in AMC Entertainment Holdings Inc. Chewy Inc. co-founder Ryan Cohen added about US$1.6 billion with his holding in GameStop Corp., the video-game retailer that has surged more than 1,500 per cent this year through Wednesday.