Teddy Sagi London Billionaires
The following is a list of Israeli billionaires based on an annual assessment of wealth and assets compiled and published by Forbes magazine. As of 18 March 2020, there were 17 billionaires on the Forbes billionaires list with Israeli citizenship.Eyal Ofer, Stef Wertheimer and family, Teddy Sagi, Yuri Milner, Shaul Shani, Idan Ofer, Shari Arison, Arnon Milchan, Yitzhak Tshuva, Gil Shwed. Teddy Sagi is a visionary entrepreneur and businessman with interests ranging from software and technology development to online security, property, e-commerce and co-working. Teddy was born in Tel Aviv in 1971 and founded Playtech before the age of thirty. Playtech is the world’s leading online gaming software company and was listed on the London AIM.
| Teddy Sagi | |
|---|---|
| Born | 1971 (age44–45) Tel Aviv, Israel |
| Residence | London, England |
| Nationality | Israeli |
| Occupation | Businessman |
| Knownfor | Founder of Playtech, a gambling software and services company |
| Networth | US$3.3 billion (April 2016)[1] |
| Partner(s) | Yael Nizri (2010-) |
| Children | 2 |
| Parent(s) | Ami Sagi Lizi Sagi |
Teddy Sagi (born 1971) is a London-based Israeli billionaire businessman and former convicted felon. He is the co-founder of Playtech, a FTSE 250 gambling software and services company, and the majority shareholder of Market Tech Holdings, which owns London's Camden Market. He is also the majority shareholder of two AIM-listed technology companies.
Early life
Teddy Sagi was born in 1971 in Tel Aviv, Israel and grew up there in the Shikun Lamed neighborhood,[2] the son of Ami and Lizi Sagi.[3] His father Ami was the owner of a travel agency, and his mother Lizi was a certified cosmetician who made her living selling and applying makeup.[2][3]
Career
Sagi owns 33.6% of Playtech, which he founded in 1999. It was floated in 2006 on the London Stock Exchange at a price that valued the business at approximately £550 million.[4]
Sagi is the majority shareholder of SafeCharge, an 'online payment service provider' listed on the Alternative Investment Market (AIM) of the London Stock Exchange.[5] Moreover, he is the majority shareholder of Crossrider, a webbrowser optimizer also listed on the AIM.[6]
Camden Market Holdings, the owner of Camden Market, Stables Market and Camden Lock Developments was bought by Sagi in March 2014 for £400 million (US$664 million) from Bebo Kobo (50% owner), and Richard Caring and Elliott Bernerd.[7][8] Sagi has continued to buy property in the Camden Market area and as of March 2015, owns the four most important of the six sections of the market, London's second most popular tourist attraction after Buckingham Palace.[9] Sagi intends to invest £300 million in developing the market area by 2018.[9]
In November 2012 Sagi invested $4 million in Sync.me.
In 2013, The Guardian reported that Sagi had 'been based in Cyprus for some years'.[10][11][12]
In April 2015, Forbes estimated Sagi's net worth at US$3.3 billion.[1]
In August 2015, The GoodVision Trust (beneficiary Teddy Sagi) sold a 24.79% stake of Austrian real-estate company conwert Immobilien Invest SE to the German real-estate company ADLER Real Estate AG. The market value of these shares was 0.25 billion Euro.[13]
Personal life
Since 2010, Sagi has been living with Yael Nizri, the 2006 Miss Israel, and they have two daughters together.[14][2] They have homes in London's Knightsbridge, Cyprus, Berlin, Tel Aviv, and the United States.[2]
Sagi received an 18-month prison sentence in 1996, and spent nine months in jail, for 'grave deceit, bribery and insider trading', after being found guilty of manipulating bond prices in Israel in 1994. This followed a plea bargain with the district court in Tel Aviv.[15][2][16]
References
- 'Teddy Sagi'. Forbes. Retrieved 21 April 2015.
- Exposed: The jailbird pornographer behind Britain's crack cocaine gambling machines, The Daily Mail, 18 April 2014
- 'Teddy Sagi - Israeli Billionaire and Founder of Playtech'. Gamblingsites.org. Retrieved 2016-04-28.
- ↑ Garrahan, Matthew (2006-02-17). 'Playtech plans to raise £175m in IPO'. FT.com. Retrieved 2016-04-28.
- ↑ Ashley Armstrong, Demand for Safecharge pushes up IPO valuation, The Daily Telegraph, 21 March 2014
- ↑ Tali Tsipori, Teddy Sagi's Crossrider to raise $75m in London IPO, Globes, 31 August 2014
- ↑ Minchom, Clive. 'Teddy Sagi Buys London's Camden Stables Market In Deal Valued At US$664 Million'. JewishBusinessNews.
- ↑ http://www.standard.co.uk/news/london/restaurant-tycoon-richard-caring-earns-260m-war-chest-for-new-ventures-after-camden-market-deal-9189523.html
- 'Teddy Sagi buys more Camden Market properties'. Globes. 3 March 2015. Retrieved 22 April 2015.
- ↑ Bowers, Simon (2013-03-18). 'The super-rich who have made Cyprus their home'. The Guardian. ISSN0261-3077. Retrieved 2016-04-26.
- ↑ IB Times: Teddy Sagi: Israeli billionaire bachelor who has just saved spread-betters Plus500 for £500m
- ↑ Finance Magnates: Exclusive: IronFX Holds Advanced Merger Talks with Teddy Sagi
- ↑ PTA-PVR: conwert Immobilien Invest SE: Änderung der Stimmrechtsanteile FinanzNachrichten.de, 20 August 2015
- ↑ Griver, Simon (2014-05-26). 'Teddy Sagi keen on buying controlling stake in Championship club Reading for just £1 Daily Mail Online'. Dailymail.co.uk. Retrieved 2016-04-28.
- ↑ Blitz, Roger (2014-03-06). 'Playtech founder cashes in after creating multiple millionaires'. FT.com. Retrieved 2016-04-28.
- ↑ 'Teddy Sagi: Israeli billionaire bachelor who has just saved spread-betters Plus500 for £500m'. Ibtimes.co.uk. 2015-06-02. Retrieved 2016-04-28.
Let’s talk about billionaires and their money-making companies. Today, we focus on self-made billionaire Teddy Sagi and his billion-dollar company, Playtech. Teddy’s story begins in Tel Aviv, Israel, where he was born back in 1971. His father, Ami Sagi, was a businessman who had a travel agency and his mother, Lizi Sagi, was a cosmetician.
Teddy was always fascinated with technology, and it’s no surprise that it became one of his innovations when he grew up. In 1999, he founded the company Playtech, which is now one of the largest online gaming software providers. Since Teddy is also a serious investor and entrepreneur, some of the companies he has launched or invested in include SafeCharge, Kape Technologies, Market Tech, and Camden Market.
However, the investment Teddy values most are his family. In an interview with Bizportal, he said, “First of all, my family is the most important thing for me…”, and went on to say how he always makes time for his family. He has six children, and his partner is Yael Nizri.
Net Worth
As of 24th February 2021, Forbes valued Teddy Sagi’s net worth at $5.2 billion. His sources of wealth range from gambling software to real estate. He also ranked at number 383 in the list of billionaires in the year 2020. According to Forbes Israel, Teddy is the sixth most wealthy Israeli in the world.
Getting on the billionaires’ list was all thanks to Playtech, which earned him his first one billion dollars after making good returns in the London Stock Exchange market.
Playtech
Playtech has become a household name in the online gaming world. If you’re playing at an online casino, it’s most likely that the game you’re playing is from Playtech. Over the years, the company has grown its platform to incorporate Casino, Live Casino, Sports Betting, Virtual Sports, Poker, Bingo, Retail, and Mexos. And just like Teddy has his history, so does Playtech, and this is what you need to know about the company.
The History of Playtech
1999: Teddy Saggy founded Playtech in Tartu, Estonia. Initial costs were a bit outrageous because Teddy believed in hiring only the best.
2001: Playtech welcomes its first casino licensee.
2004: iPoker launched—the first online poker network by Playtech.
2006: The company went public and was floated on the A.I.M. market on London Stock Exchange at £550 million.
Playtech extended its games library by launching Bingo Broadway and also acquired Videobet.
2007: Moz Weizer was appointed the C.E.O. of the company. The same year, Playtech signed an agreement with betting company Mansion.
2008: Playtech signs another gaming license agreement with William Hill P.L.C.
2009: One of the largest players in the gaming industry at that time, Gaming Technology Solutions, is acquired by Playtech.
2011: Playtech acquires several companies, Virtue Fusion, Ash Gaming, Intelligence Gaming, PTTS & Mobenga.
2012: Big moves for Playtech as it gets listed in the London Stock Exchange’s primary market.
2013: The company partners with Ladbrokes and also acquires Poker Strategy, further diversifying its profile.
2015: Playtech buys YoYo Games—the home of Game Maker: Studio. A cross-platform game development technology that allows developers to create games using a single programming code.
2016: Another big move by Playtech as they acquire Quickspin & Best Gaming Technology (B.T.G.).
In 2021, Playtech is one of the biggest online gaming software providers with 5,900 employees, offices in 19 countries, 140 global licenses, and 20 regulated restrictions.
Playtech’s NetWorth
Market capitalization determines the value of a company, and as of 24th February 2021, the market cap for Playtech was at £1.4 billion. Considering the company started trading its shares at the small A.I.M. London’s Stock Exchange Market at £550 million, it’s evident that Playtech’s popularity has risen over time.
Growth Prospects For Playtech
Playtech’s growth has been firm and steady, and it’s doubtful that things will change. We see that online gaming has increased immensely even amidst the COVID-19 pandemic if we go by recent trends. Moz Weizer, the company’s C.E.O., had this to say, “Playtech remains well placed to make further strategic and operational progress in 2021.”
In another forum, Anthony Evans, the V.P. of product strategy at Playtech, said that the trend of shifting to online due to the pandemic is here to stay and is part of Playtech’s strategy. Some of the recent strides by Playtech, such as entering the U.S. market in New Jersey & Michigan and expanding to Mexico, Colombia, Guatemala, Costa Rica & Panama, are assuring.
Teddy Sagi London Billionaires Family
Popular Online Slots from Playtech
Slots are the majority of casino games online, and Playtech offers one of the best selections. There’s a slot machine for everybody irrespective of the theme, payout, or gameplay you like. You can expect new releases from Playtech by the week hosted on several online slot casinos such as www.onlineunitedstatescasinos.com.
Popular movie slots you can play are Pink Panther, Captain America, Suicide Squad, Justice League, and Batman Vs. Superman, resulting from a partnership between the company and movie production houses. Playtech also released the first-ever live slot, Buffalo Blitz, which became highly popular because of its unique experience and big wins.
Teddy Sagi London Billionaires Collection
Popular online slots by Playtech are:
- Age of Gods
- Ace Ventura
- Jackpot Giant
- Britain’s Got Talent
- Green Lantern
- King Kong
- Miss Fortune
- Batman & Catwoman Cash
- Archer
- Beach Life
A Parting Shot From The Self-Made Billionaire Teddy Sagi
Teddy Sagi Forbes
The best way to end this article was with Teddy’s comments that say more about his character and future projections. One famous comment that Teddy is known for is, “To be a billionaire, first you must make millionaires in your team.” If you want to know the secret behind the success of Playtech, then there’s a starting point. Lastly, in the same interview with Bizportal, Sagi had this to say about the future, “Am a great believer in technology, and I still believe that technology will be the leading engine in the future.”