How Much Is Phil Ivey Worth?
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Q: What is Phil Ivey’s Net Worth?
A: Edit: Given the events of the past few months, this article is obviously ridiculously inaccurate now
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There are only a few people in the world who know what Phil Ivey is worth (including Phil Ivey and his accountant), and I'm not one of them. This is obviously a purely speculative and fun article, and I have absolutely no inside knowledge regarding Phil Ivey’s financial situation.
Let’s start with what we know about Phil Ivey. He was one of the earliest investors in Full Tilt Poker. He has made more money than any other player on Full Tilt Poker since the beginning of 2007 (nearly $20 million). He has nearly $14 million in total lifetime "live" tournament cashes. He is known to be one of the very biggest gamblers in Las Vegas. He has been one of the biggest lifetime winners in the "Big Game", according to multiple sources.
In addition, some other fun facts about Ivey that can give us a clue as to just how much money he has:
-he reportedly bet $2 million on the Lakers/Celtics 2008 NBA Finals (and lost)
-he once forgot that he had $750k in chips stashed at the Commerce casino
-back in 2005 there were strong rumors (Howard Lederer even commented on it) that a $10 million buy-in SNG was set to take place, likely in Australia. Ivey, along with one other unnamed player, were the only two players who agreed to play in the event
-Ivey reportedly backed Nenad Medic in the 2008 World Series of Poker. Medic took down the $10k Pot Limit Hold’em event for nearly $800k and sought out Ivey to tell him the good news. Ivey was reportedly not even aware that he had even been backing Medic in the event in the first place
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Ivey was one of the earliest investors in Full Tilt Poker, and is very likely one of the largest shareholders in Full Tilt and its associated companies. I would guess that Ivey owns somewhere between 5-7% of the company, which would value his stake at $50-$70 million assuming that Full Tilt Poker has a valuation of around $1 billion (which is probably pretty close to its true value).
Thanks to his stake in the company, Phil Ivey reportedly receives regular 7-figure distribution payments from Full Tilt Poker.
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My best guess is that Phil Ivey has anywhere between $20-$40 million in liquid cash (don't forget that he recently got divorced, so he would have likely lost a chunk of his money in that settlement), and that his stake in Full Tilt Poker is worth an additional $50-$70 million.
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