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By Benjamin Stupples

January 27, 2021 at 5:46 PM UTC

Updated on

January 27, 2021 at 10:24 PM UTC

This article is for subscribers only.

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 ultra-rich.

Larry Chen, chairman and chief executive officer of GSX Techedu, saw his fortune increase $4.2 billion Wednesday as U.S. depository shares of the Beijing-based online tutoring company rose 36%, pushing his net worth to $15.6 billion on the Bloomberg Billionaires Index.