Tuesday’s dramatic and abnormal spike in the stock of Rocket Companies created a major windfall for founder Dan Gilbert, at least on paper.
Shares of Rocket, where Gilbert is the majority shareholder, jumped more than 70% on Tuesday, adding $17.30 per share. According to InsiderScore.com and securities filings, Gilbert owns roughly 1.9 billion shares of Rocket, putting his paper gain on the stock at more than $32 billion.