Len Ainsworth’s profile picture

Len Ainsworth

Len Ainsworth’s profile picture
Net worth 2018: $1.27 Billion
Residence: Sydney, Australia
Country: Australia
Children: 7
Education: Diploma, High School
BIOGRAPHY

Len Ainsworth was born in Sydney, Australia, Australia. Len Ainsworth is #1745 in List Billionaires People In The World. Len Ainsworth gave his large stake in Aristocrat Leisure to his seven sons and ex-wife more than 20 years ago; he's entitled to some proceeds if they sell. He founded Aristocrat in 1953 but stepped aside in 1994 after a cancer scare; it's now the world's second-biggest gaming-machine company. He started a similar company, Ainsworth Game Technology, the following year at age 72. He remains an executive director after selling his majority stake to Austrian gaming giant Novomatic. He signed the giving pledge in March 2017.

NET WORTH STATISTIC
2013

$1.1 Billion

2014

$1.4 Billion

2015

$1.2 Billion

2017

$1.1 Billion

2018

$1.27 Billion

TIMELINE
2017

On August 10, 2017, it acquired mobile game developer Plarium for $500 million to enter into moble gaming On November 30, 2017, it acquired mobile game developer Big Fish Games for US$990 million

2014

In July 2014 Aristocrat agreed to buy Video Gaming Technologies for about $1

2009

The company again faced difficult market conditions in 2009 with its full year resulting in a net loss of $157

2008

Aristocrat's CEO blamed the US subprime mortgage crisis for bad financial results in 2008, despite the fact that competing companies have experienced record growth in the same time period

1953

The company produced its first machine in 1953, and was listed on the Australian Stock Exchange in 1996

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