Billionaires
Webull Founder Wealth Tops $5 Billion as SPACs Return
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The founder of a brokerage known for its retail trader enthusiasts is benefiting from his company’s own meme stock moment.
Webull Corp. shares soared more than 500% in its first two days of trading, giving founder Anquan Wang a $5.2 billion fortune on paper, before paring some of those gains Tuesday morning. Wang’s co-founder, Jun Yuan, owns shares worth an additional $1.9 billion.