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Featured Image Credit: Hunter Kahn/Instagram
A bloke who has made it big buying GameStop shares has decided to donate a big portion to needy kids.
People all over the world have been seen huge financial gains after taking a chance on buying GME shares.
The American video game retailer has seen its stock price value skyrocket thanks to Reddit users preventing hedge funds shorting the company.
What would you do if you found yourself tens of thousands of dollars richer than you were five minutes ago? Buy a new car? Renovate the kitchen? Learn how to snowboard in the French Alps?
Many members of the WallStreetBets subreddit jumped on the bandwagon when they were relatively cheap and it's caused some hedge funds to lose billions of dollars.
Hunter Kahn, a mechanical engineering student at Cornell University, was one of those Reddit users and he's made roughly USD$30,000 after cashing in his stock.
Instead of keeping it to himself, he's spent a good chunk of it on game consoles and accessories, and has donated it to kids at a children's hospital.
"As a beneficiary of the recent events on Wall Street I think it is important that myself and others pay forward our good fortune," he said in a personal post on his Instagram account.
"These events have highlighted a lot of corruption and with this transfer of power it is important that we don't become men in suits ourselves."
Hunter sent The Children's Minnesota Hospital in Minneapoli six Nintendo Switch Lites, two Nintendo Switches, multiple games and e-shop gift cards, and screen protectors and cases for the devices to give to some of the kids.
The patients are thrilled with their new consoles and the Children's Minnesota Foundation praised the college student for his generosity.
"There's no group of people more deserving of receiving a bunch of video games than some kids going through a hard time," said Kahn in an interview with CNN.
"If we're criticising these people on Wall Street and moving the money from one side to the other side, it would be meaningless if we behave exactly like these people that we were criticising."
Hunter said he was motivated to buy the GameStop shares to stick it to 'the big boys on Wall Street'.
The stock price has since fallen from its meteoric peak of USD$483 to a little more than USD$90.