Top 5 Richest People in Online Gambling - The Smiling Heart

Top 5 Richest People in Online Gambling

Online gambling is an ever-growing industry in terms of revenue. It’s a lucrative business that weighs billions of dollars per year, so it’s pretty clear that it has made people who run the business billionaires as well.

There are many rags-to-riches stories in online gambling that should serve as an inspiration to us all. Many self-made millionaires come from this booming industry, going from almost broke to millions and even billions in a matter of years. Below you can see a list of online gambling figures who have undoubtedly found the pot of gold at the end of the rainbow.

David Baazov

A high school dropout at the age of 16, Baazov is a millionaire whose story sounds too good to be true. Once a homeless person, Baazov is now sitting on a cool $800 million, which he earned with his intellect and persistence.

Even when homeless, Baazov strived to improve his social status. He was always looking for work and trying to find sponsors for his ideas. He is one of the founders of Amaya, a now-popular game studio provider that supplies games to the most popular online casinos like Baazov founded Amaya after selling his first company.

Baazov was relentlessly trying to buy PokerStars when the site was facing legal issues and was unsuccessful at first. However, his persistence resulted in Amaya acquiring PokerStars, and after partially selling his shares in the company, he became a millionaire at the age of 34.

John and Denise Coates

Founders of the leading brand in online sports betting Bet365, this sibling duo have made billions in just a matter of years. John Coates holds a quarter of the company’s stock, with his wealth valued at $1.9 billion. This places him on the 28th spot on the British list of billionaires.

His sister Denise Coates weighs $3.8 billion and owns most of the company’s stock. Known as an avid worker, Denise has still found the strength to become a mother of five, which is astonishing considering her 24-hour dedication to the business.

Teddy Sagi

Teddy Sagi is an Israeli business and co-founder of one of the biggest gaming companies in the online gambling sector – Playtech. As joint-chairman of the company, he’s acquired a wealth of over $3.3 billion, enough to place him on the 6th spot of the list of wealthiest Israelis.

Mark Scheinberg

Mark Scheinberg and his father are known as the founders of PokerStars and directors of Rational Entertainment Enterprises. In 2013, Amaya and David Baazov acquired PokerStars and the Scheinbergs went out of business in the best possible way – with billions in their pockets. More specifically, $4.9 billion, which is the reported fee that was paid by Amaya for the acquisition.

Mark Scheinberg’s wealth has been reported at $4.1 billion, which makes him one of the 10 richest people in Canada. Since selling PokerStars, he has invested in real estate projects and entered the hotel industry through his investment company Mohari Hospitality.