The conservative news outlet’s blockbuster public listing on Monday catapulted its founder and CEO, Chris Ruddy, into the billionaire ranks.

Loyal Newsmax viewers who listened to the channel’s entreaties last year and lined up to buy $10-per-share stakes in the company are feeling pretty rich right about now. Those shares are currently worth more than $130 each.

Newsmax’s wild ride continues. Shares of the media company were recently off some 65% to $80, plummeting in their third session as a publicly traded company. Newsmax (NMAX) went public Monday—its IPO price was $10,