he's 70-80 mill deep at least plus receiving quite a bit for owning 10% (yeah 1/10th) of full tilt stock...
His investments are so sound that it doesn't matter if he wins or loses (and he still wins more than loses)
he's up in craps this year (down online poker thus far like 50k i think)
how do you know all this? The guy constantly loses in online poker. Only reason he is richer than other pros is because he LIVES for cash games and most pros are into tournaments now for some reason. I like the guy, but don't think he is all that he's cracked up to be.
I'd say about $50-60 million. This is a guy that owns 5% of Full Tilt, has won numerous tournaments, plays in games that require at least a $3 million bankroll, almost played in a $10 million sng before it was cancelled, forgot he left $800k in the cage at Commerce, and a guy that I've personally seen playing craps on $5000 min. tables here in Vegas...
Tpowell- the guy is money. I just searched for an article and here you go. You can believe he has the money or not:
So how much is professional poker player Phil Ivey worth? Some say a couple million. Others say a couple of hundred million and then there are those that say, “I have no idea but I bet it’s a lot!” To a certain degree just about each of those answers is somewhat true. Phil Ivey has never been one to be overly flamboyant. Contrary to popular belief Phil is indeed quite an ordinary guy with extraordinary abilities at the poker tables. Today, at thirty-two years old Phil is a far cry away from the middle class upbringing he had in New Jersey and playing poker under the moniker of “Jerome.”
Here are a few things we can consider when it comes to Phil Ivey’s net worth.
First, he was going to buy-in to a $10 Million dollar Sit n Go that would award $60 Million dollars to the winner. So, it would be safe to surmise that Ivey has a bankroll of at the very least $30 Million dollars. Otherwise, I would find it very hard to believe he would put half of his bankroll on the line even for a $60 Million dollar first prize. The tournament never did take place but it raised some eye browse when Ivey forked over that kind of dough to enter. Not many professional poker players have that kind of disposable cash. I would suggest that only Johnny Chan, Phil Hellmuth, Howard Lederer, and Doyle Brunson would be among the few that could afford to come out of their pockets without adverse affects on their bankroll or lifestyle.
Second, Phil Ivey happens to own a chunk of Full Tilt Poker. Not a bad investment at all. Ivey, along with several other poker pros, bought into Full Tilt when it was in it’s infancy and quickly built the brand from out of nowhere to one of the most recognizable poker web sites on the Internet today. They did it using some of the most successful professional poker players in the world along with innovative marketing and poker software. As far as I know Ivey owns about 5% of Full Tilt which has an estimated value of around $40 - $50 Million dollars.
Third, just what kind of bankroll does Phil Ivey have? My guess is that Phil would have a bankroll of around $20 - $30 Million dollars. Why would I guess that? Well, let’s consider that Ivey once forgot he had $800,000 sitting in the cage at the Commerce. Also, let us not forget that Ivey routinely plays and BEATS the Big Game at the Bellagio. This is a game that is played with blinds of $8000 / $4000 and the pots can get as large as $500,000 although I believe they cap it at $300k. Either way you would need a bankroll of at least $3 Million dollars or more to play comfortably in this kind of game.
Lastly, we have not taken into account any potential investments that he may have. Stocks, Bonds, CD’s Real-Estate, Businesses and the like are all potential sources of income outside of poker. Believe me, Phil Ivey could make a whole lot more money in endorsements than any other poker player alive if he chose to do so. I would even venture to say that Ivey could be one of the first mainstream poker players to have commercials on even when there is no poker being played. He has that kind of star power.
I suppose we will never know exactly what Phil Ivey’s true net worth is but I can assure you of this - he isn’t doing too bad for himself.
Ivey has at least 25+ million. He has money in investments other than gambling [His FTP shares for instance]. He can also be backed by the ultra-rich into nosebleed games if needed. He isn't going broke, that's for sure since he will always have money to borrow if needed.
the man's not broke but he has a lot of backers in these big events, dont think for a second that he pays for everything himself.
Well, along with his shares in FTP, he probably also has a contract to play on its tables. I would imagine he gets paid for that too, which would be a decent reimbursement if he has a bad month.
You guys are all talking out of your asses, one of my best friends Rafi Amit plays cash games with him at Bellagio and online. He talks to him all the time and he for sure does not have 60+ million. The only reason is because he has a sickly high cost lifestyle. He is the best poker player in the world but has become very lazy in the past 2-3 years, he hardly ever plays live at the Bellagio anymore and only plays about a dozen or so tourneys a year. Bottom line is he will never go broke, he hovers around 20-30 million and has plenty income coming in to maintain his lifestyle.
He will go broke 100%, he is a compulsive gambler and all compulsive gamblers go broke no matter how much they have. He is not even close to a great poker player as he is no where to be found in most tourneys he plays, there is no such thing as being a great poker player because it is a game of chance and requires no physical skills. Once everyone started playing poker you never saw the big names anymore. The more people that play poker the more of a crap shoot it is. Go look at the Wolrd poker Tour, most guys that are at final tables are unknowns. Years ago not many played poker so of course the same so called big names won tourneys.
I do agree he seems to be getting lazy and playing dice seems like a cop out when he really is a great poker player JJ. You might not see him in many tourneys mostly due to him chasing the big cash games instead. The 10 million Sit and Go no doubt he would of been backed as i dont see him being that rich thou.
He will go broke 100%, he is a compulsive gambler and all compulsive gamblers go broke no matter how much they have. He is not even close to a great poker player as he is no where to be found in most tourneys he plays, there is no such thing as being a great poker player because it is a game of chance and requires no physical skills. Once everyone started playing poker you never saw the big names anymore. The more people that play poker the more of a crap shoot it is. Go look at the Wolrd poker Tour, most guys that are at final tables are unknowns. Years ago not many played poker so of course the same so called big names won tourneys.
Coach,
I agree with you on most things(atleast when your not fking around) but there is no way in my life or your Ivey goes bust as long as FTP is up and running! Also your line about poker being a game of chance and requires no skill what so ever!
Also JJ if you were to see the POY standing for Poker in 08 most the players in the top 20 or so are top names! There No Mike Mattsow or Phil Helmuth but they are players if you follow poker enough who hold their own and make plenty of TV tables! http://www.cardplayer.com/tournaments/poy/2008
“Life of Ivey” – It’s Phil Ivey. It’s unprecedented access. And it’s only on PokerRoad. Follow Phil as our cameras capturethe life of one of poker’s most famous players.
Make sure you start from the beggining (June 2008)
Originally posted by SBR_John
AAO = good dude. Buying you a drink in Vegas buddy.
Lets put this discussion to rest
" One of the most popular questions to be asked on poker message boards is, exactly how much money is Phil Ivey worth?
For us, there are two questions to be asked. What is his poker bankroll? And then what is his total combined net worth, including his poker bankroll, investments and real estate?
Now obviously, there are probably only three people who truly know the answers to these questions: Phil Ivey, his wife, and his accountant. However, it can be fun to speculate, so here we go.
Now in terms of his poker / gambling bankroll, we have a few facts that we can use:
1. Phil Ivey, according to many people in the game, is one of the most winningest players in the "Big Game."
2. Phil Ivey, as part of the Corporation, won a significant amount of money from Andy Beal.
3. Phil Ivey is a very successful tournament player.
4. Phil Ivey once signed up for a $10 million dollar SNG. Only one other player signed up.
5. He has enough money to "forget" that he had $750k in chips stashed at the Commerce casino.
Estimates on his liquid poker / gambling bankroll? Adding everything up, you would have to say at least $25 - $35 million.
Now, when you start talking about his total net worth, you need to include:
1. His stake in Full Tilt Poker
2. His real estate investments.
3. Any other investments.
Considering he was one of their first pros and considering the fact that he is probably their most marketed player, you would have to assume that Phil Ivey has a fairly sizable equity stake in Full Tilt Poker. I would guess he owns 5% of the company. What's Full Tilt Poker worth? Given the value of some of the publicly traded poker rooms, I would have to say that Full Tilt is worth somewhere $750 million - $900 million dollars on paper. So Ivey's stake in Full Tilt Poker, if it were ever sold, is likely worth $37.5 to $45 million dollars. Again, all speculation, but you have to assume he has a big piece of the company.
Real estate and other investments? I mean, really, who knows here. But you have to assume that Ivey and his wife are smart with their money. I wouldn't be surprised if Ivey owned multiple homes in Las Vegas and more around the country. I would guess that the total value of their investments would be $10 million dollars or so, but again, this is just pure speculation.
I would guess that Ivey has between $35 - $45 million in liquid assets and another $35 - $45 million in net worth due to his stake in Full Tilt Poker. Again though, this is just pure speculation. There is no doubt that Phil Ivey is incredibly rich though."